InvestmentRSS

Where top European banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain. Which banks were the most active and what did they invest in?

Old Mutual Wealth drops IFDS from £450m tech revamp contract

Old Mutual Wealth 1

UK investment service Old Mutual Wealth (OMW) has terminated its £450 million tech revamp contract with International Financial Data Services (IFDS) due to rising costs. OMW says the costs of implementation – which entails platform delivery and outsourcing services – would have been “materially greater than those advised to the market” in October 2016 (see […]

Put a SocGen in it for Euronext’s new fund investment model

Société Générale

Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to help investments in funds for domestic and international investors. Launched by Euronext and available from 15 May 2017, this new service will enable institutional and retail investors to place subscription/redemption orders, in a “simplified and automated manner”, through their brokers […]

Chart: fintech investment in 2016

Fintech investment 2016

Fintech investment fell in 2016 for the first time. On the bright side? Banks are becoming much more active in the space, putting money in 61% more start-ups.

How is insurtech going to keep up with the pace of fintech?

Insurtech

In an interview with Lisa Moyle, portfolio director of InsurTech Rising, we dive into the importance of partnerships and investments with insurtechs.

Siam Commercial Bank invests in new fintech focused VC firm

Bangkok, home of Siam Commercial Bank

Thailand’s Siam Commercial Bank (SCB) has invested a “significant” sum into a new Singapore-based venture capital (VC) firm, Dymon Asia Ventures.

New investment firm Motive Partners to focus solely on fintech

Motive Partners to invest in fintech

New venture Motive Partners plans to invest in fintech firms in the UK and US. It looks to raise $150 million.

Santander InnoVentures invests in Tradeshift

Tradeshift gets investment from Santander InnoVentures

Business commerce and supply chain finance platform Tradeshift has got an investment from Santander InnoVentures.

British Business Bank pledges £400m to UK fintechs and other businesses

More money for UK fintechs

The UK Chancellor Philip Hammond has announced a plan to invest £400 million of venture capital funds into the British Business Bank, a government vehicle to lend money to British businesses. The idea is to support the home-grown business sector – including fintech firms – and to prevent them from being snapped up by international companies.

Fintech start-ups in Europe to get up to €1.6bn in funding from EIF

Money for European fintech start-ups, but what about the UK?

The European Commission (EC) has pledged up to €400 million to the European Investment Fund’s (EIF) new fund-of-funds – for the money to be spent on start-ups in Europe, including in the fintech space. The EC will also look for three times more investment from institutional investors to make up to €1.6 billion available.

@banking
techno