Banking Technology February 2019 issue out now
Superstructures: fintech reaches new heights.
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
A note from our editor-in-chief, Tanya Andreasyan:
With the Christmas and New Year holidays now behind us and everyone back to the work mode, let’s make 2019 a year of taking fintech to new heights!
Despite the Brexit turbulence, London and the UK continues to dominate the European fintech hotspots – in H1 last year alone, the country’s fintech industry attracted over $16 billion investment, according to KPMG, more than any other country.
Furthermore, over half of the total fintech investment into Europe ($26 billion) was done into the UK firms, including four of the region’s top ten deals. Revolut raised $250 million, eToro – $100 million, Flender – $60 million, and MoneyFarm – $54 million. And, of course, Vantiv’s acquisition of WorldPay for $12.9 billion contributed significantly to the UK’s leadership position. In comparison, the US firms attracted the combined investment of $14 billion in the same period.
This year, too, started with a bang for the UK, with alternative investment app Nutmeg raising $59 million (and looking east towards Hong Kong for expansion), and invoice and lending specialist MarketInvoice – $73 million. Meanwhile, Visa and Mastercard are battling it out for UK paytech Earthport, with the latest offer by Mastercard at $305 million. Oh, and Snoop Dogg invested in Swedish paytech Klarna.
But Europe’s results are notable as well: Germany-based challenger bank N26 has raised $300 million to expand to the US, while Ireland-based Payzone is a $114 acquisition target of First Data and Allied Irish Banks (AIB).
However, these impressive figures have been dwarfed by a $22 billion takeover of the aforementioned First Data by Fiserv in the US. A giant will roam the global banking and payment technology lands.
Perhaps “may you live in interesting times” is not a curse after all…
The February 2019 edition of Banking Technology features:
Banking Technology Awards
The glamour, the winners and the celebrations.
Focus: intraday liquidity
Are banks ready to meet the ECB’s latest expectations?
Interview: Pavel Novak, Zonky
P2P lender on a “mission possible”.
How DNB uses data to reconnect with customers.
Admirable data standardisation efforts for the funds industry.
Case study: Citizens Bank
US’s 13th largest bank embraces digital era.
Food for thought
Making career choices and the Venn diagram of doom.
What would a recession mean for fintech?
Interview: Javier Santamaría, European Payments Council
Happy one year anniversary, SEPA Instant Credit Transfer!
And not to forget the Regulars of course:
News – the good, the bad and the ugly.
Appointments – the movers and the shakers.
Industry events – mark your calendars!