Personal Finance 2.0, New Finance, FinTech, PFM
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Personal Finance 2.0, New Finance, FinTech, PFM
Financial services for connected & informed consumers: personal finance management, robo advisors and other FinTechs
Curated by Therese Torris
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SigFig Raises $50 Million in Series E - UBS among repeat investors

SigFig Raises $50 Million in Series E - UBS among repeat investors | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Automated wealth management advisory specialist SigFig has raised $50 million in new funding in a round led by General Atlantic. The Series E round also featured the participation of existing investors UBS, Eaton Vance Corporation, DCM Ventures, New York Life, Nyca Partners, and Bain Capital Ventures. “For over a decade, SigFig has provided access to Rea
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Germany's N26 readies for US launch with EUR110 million capital injection 

Berlin-based mobile bank N26 has closed a series-C funding round of €110M as it prepares to open up in the United States.
 
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PayPal Reports Third Quarter 2017 Results

PayPal Reports Third Quarter 2017 Results | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Global technology platform and digital payments leader PayPal Holdings, Inc. today announced third quarter results.
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Linxo raises $24 million for its app that brings bank accounts together

Linxo raises $24 million for its app that brings bank accounts together | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
French startup Linxo just raised $24 million (€20 million) from three financial institutions — Crédit Agricole, Crédit Mutuel Arkéa and MAIF. The..
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Congrats!
 
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Ajay Bhandari's comment, January 3, 6:02 AM
That's amazing
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Digital Challenger Bank Revolut Raises $66 Million in Series B Funding1

Digital Challenger Bank Revolut Raises $66 Million in Series B Funding1 | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Revolut has announced a $66 million Series B funding round to fuel an "aggressive expansion across Asia and North America". The funding was described as a
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Seedrs & Nutmeg Partner with Fidor Bank on Fintech Marketplace - Crowdfund Insider

Seedrs & Nutmeg Partner with Fidor Bank on Fintech Marketplace - Crowdfund Insider | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Seedrs has announced that it will be the sole equity finance provider in a new partnership with Fidor Bank, a challenger bank that launched in the UK back
Therese Torris's insight:
The new ecosystem
 
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Monzo pays a high price for popularity as losses widen to £7.9 million

Monzo pays a high price for popularity as losses widen to £7.9 million | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
App-only challenger bank Monzo is looking to move more customers to its forthcoming current account and away from its loss-making pre-paid car
Therese Torris's insight:
Not all challenger banks  have this expensive customer acquisition strategy
 
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French neo-bank Morning extends service offering 

French neo-bank Morning extends service offering  | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Morning lance aujourd'hui des offres affinitaires dans la veine du cobanking pour répondre aux besoins spécifiques de ses utilisateurs.
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Under the new management of the Banque Edel, itself part of the retail distribution group E. Leclerc, this neo-bank could have a future
 
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"APIs in banking are the key to the future" — The FinTech way - JAXenter

"APIs in banking are the key to the future" — The FinTech way - JAXenter | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
After attending execfintech conference in Frankfurt, Sebastian Meyen is drawing his own conclusions and shares the lessons he learned during this event. 
Therese Torris's insight:
When I think we used to write about Open Finance more than 10 years ago at Forrester Research. Being right ahead of the times is being wrong.
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Wealthfront will grant its clients loans against their investments

Wealthfront will grant its clients loans against their investments | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending.
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Challenger bank Monzo attracts largest-ever crowd in £2.5 million #crowdfunding round

Challenger bank Monzo attracts largest-ever crowd in £2.5 million #crowdfunding round | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round o
Therese Torris's insight:
more than 40,000 applied to fund the challenger bank !!!
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Therese Torris's curator insight, March 29, 2017 8:28 AM
Reinventing the cooperative bank !
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App-only startup bank Tandem cuts some staff in a bid to bring down its burn rate

App-only startup bank Tandem cuts some staff in a bid to bring down its burn rate | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
The startup bank made around 10 people redundant, according to two sources that spoke to Business Insider.
Therese Torris's insight:
Not all rosy in the challenger bank world
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Monzo blows past £2.5 million crowdfunding target

Monzo blows past £2.5 million crowdfunding target | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
UK challenger bank Monzo surpassed its crowdfunding target raise of £2.5 million within four hours of opening for pre-registration.
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Moneyfarm attracts £40m from host of backers - Citywire

Moneyfarm attracts £40m from host of backers - Citywire | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Allianz Global Investors was among a number of existing and new backers in the digital wealth firm's latest fundraising round.
Therese Torris's insight:
Self-proclaimed leader in Wealth management
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Fintech must serve the real economy, Chinese regulator says 

Fintech must serve the real economy, Chinese regulator says  | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
HONG KONG -- China will support only those financial technology businesses that benefit the real economy, a top regulator says, as the government beco
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The UK Plows Ahead in Implementing PSD2 Compliant Open Banking | Crowdfund Insider

The UK Plows Ahead in Implementing PSD2 Compliant Open Banking | Crowdfund Insider | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Tha
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The UK still is on track to implement the new EU financial regulation. In fact, it's ahead of the Continent...
 
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Betterment eyes profits, IPO on $70 million round

Betterment eyes profits, IPO on $70 million round | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.
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Will the Banks vs. Fintechs Dispute over PSD2 Derail the EU’s Progress towards Open Banking? 

Will the Banks vs. Fintechs Dispute over PSD2 Derail the EU’s Progress towards Open Banking?  | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Banks represented by the European Banking Authority (EBA) and Fintechs represented through the Future of European Fintech are in profound disagreement abou
Therese Torris's insight:
10 years ago we spoke of open finance, it's happening now. If the regulator lets it happen, that is.
 
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Challenger banks are chasing down incumbents  

Challenger banks are chasing down incumbents   | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Disruptive names as Metro Bank have shot up world rankings amidst difficult UK banking market
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BNP Paribas to Setup a Fintech Accelerator at Station F, a 1,000-Startups Campus in Paris, France  

BNP Paribas to Setup a Fintech Accelerator at Station F, a 1,000-Startups Campus in Paris, France   | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Station F, the biggest startup campus worldwide will open in Paris in the fall of 2017. BNP Paribas, the global Top-10 bank headquartered in France, is tra
Therese Torris's insight:
Station F: can't wait to see it!!!!
 
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Fiserv to acquire Monitise for £70 million

Fiserv to acquire Monitise for £70 million | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Fiserv is offering to buy long-struggling UK mobile banking firm Monitise at 2.9 pence per share, valuing the company at £70 million.
Therese Torris's insight:
Call it neobank, challenger bank... whatever, it's not easy to be a good bank
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Therese Torris's curator insight, June 13, 2017 7:09 AM
It's not easy to be a bank
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Crédit Mutuel Taps IBM Watson to Assist Customer Advisors

Crédit Mutuel Taps IBM Watson to Assist Customer Advisors | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
IBM Press Room - Crédit Mutuel and IBM announced today that following a successful pilot, the use of Watson technologies is extended to 20,000 employees across 5,000 branches to continue to strengthen customer relationships. This marks the first commercial use of Watson by a financial institution in France to assist its professionals. The bank’s customer advisors have been using Watson services in French for the past year, integrated in their business applications, as Crédit Mutuel and IBM have partnered to train and improve Watson’s French language capabilities.
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Deloitte Publishes Report on Global Fintech Hubs: A Tale of 44 Cities - Crowdfund Insider

Deloitte Publishes Report on Global Fintech Hubs: A Tale of 44 Cities - Crowdfund Insider | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
Deloitte has published a report on emerging Fintech Hubs around the world that analyses 44 different cities. Entitled "Connecting Global FinTech: Interim H
Therese Torris's insight:
Disappointed to see France ranked at the level of Frankfurt and Zurich for Fintech
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German fintech startup solarisBank raises €26.3 million and lands Deutsche Bank exec as CEO

German fintech startup solarisBank raises €26.3 million and lands Deutsche Bank exec as CEO | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
The two-year-old business provides a platform that lets other companies provide financial services such as gift cards, deposits, and loans.
Therese Torris's insight:
Money is pouring onto challenger banks
btw I'm tired of the creative spelling "solarisBank", small s, big B
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Atom Bank raises £83m, says more to come

Atom Bank raises £83m, says more to come | Personal Finance 2.0, New Finance, FinTech, PFM | Scoop.it
App-based bank Atom is raising another £83 million from existing investors, including Spain's BBVA, as it builds up a war chest to take o
Therese Torris's insight:
BBVA's contribution is £29.4 million, which keeps its stake at 29.5%, the amount acquired for £45 million in late 2015.
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