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Startup Digest

FinTech

February 03, 2017

Hello FinTech fans,

Here's the latest edition of the FinTech Digest. There are a number of M&A deals to report this week. Enjoy the digest and the commercials in the Super Bowl this weekend!

Best,
Thilmin

FinTech Startup Digest is curated by:
Thilmin Gee

Thilmin Gee - Global Payments and FinTech Startup Enthusiast

Contact Thilmin Gee at thilmin.gee@startupdigestmail.com

Camron Miraftab

Camron Miraftab - Capital Markets Consultant and Start-up Enthusiast

Contact Camron Miraftab at camron.miraftab@startupdigestmail.com

Karolina Noronha

Karolina Noronha - Product & Payments Partnerships

Contact Karolina Noronha at karolina.noronha@startupdigestmail.com

Learn how to become a Diversity Leader and actions you can take to improve diversity and inclusion in your company!

We surveyed nearly 700 founders of tech startups from around the world to gain insight into the challenges they face when working to build a diverse and inclusive company. Diversity Leaders take key steps in specific areas to create an inclusive environment: Mentoring and advising, hiring practices, professional development, pay and performance, and flexible benefits. Learn how you can become a Diversity Leader.

Four Ways the Connected Car Will Change Banking

American Banker

Cars are more connected than ever before, and car makers are embracing IoT. Car companies have been lagging behind other technologies for smart homes, etc, but more investments have been made for those companies to catch up. The four FinTech advancements for cars is predicted to be around 1) payments, 2) banking on the go, 3) underwriting and financing, 4) startup financing and advisory services.

Visa Finds Counterfeit Fraud Is Down 52 Percent Since First Full Year Of Chip Cards

Pymnts

Visa announced that counterfeit fraud dropped 52% the first year after the EMV chip was rolled out in the US for companies who had chip-enabled terminals. For all in-store payments, counterfeit fraud has dropped 14%.

The AML Conundrum Solved

Chris Skinner's Blog

Chris Skinner writes a persuasive blog post of how blockchain can be used to combat money laundering. He states the technology would enable each transaction to be mapped and vetted through the ledger system made popular by bitcoin. This would mitigate 98% of money laundering that remains unchecked.

Alibaba's Ant Financial buys MoneyGram for $880m

BBC

Acquisition 1: Ant Financial buys MoneyGram. The move still needs regulatory approval from the US Committee on Foreign Investment.

Airbnb is in Talks to Acquire Social Payments Startup Tilt

TechCrunch

Acquisition 2: Airbnb wants to buy Tilt. Tilt is a payments company focused on social events like booking trips and parties. This fits nicely as Airbnb expands its competencies from lodging to the whole travel experience.

A FinTech Startup Tries to Shake up American Student Loans

The Economist

Climb is a startup in New York City that seeks to provide small loans to students based on the rate of return calculated as the uplift in earnings after the course of study. The cost of the loan is subtracted from the earnings calculation. Average loans are $10K and are usually for a year duration.

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