Issue 28 · Sep 28, 2015 Weekly edition · 3 min read

FinTech News

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Elsen adds Jack Klinck to its Board of Advisors

Elsen, Inc., the Boston-based financial analytics platform company, has announced that Jack Klinck has joined Elsen’s Board of Advisors.

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In this issue · 11 items

MasterCard and Nymi say they've completed the first heartbeat-authenticated mobile payment in the wild The Canadian biometrics company Nymi, working with TD Bank Group and MasterCard, says it’s completed the first wearable credit card transaction authenticated by the user’s heartbeat. Open story ↗ Yodlee Acquired for $590 million in 2nd Largest Fintech Deal of 2015 Financial solutions provider Envestnet has acquired a financial software company Yodlee, a financial data aggregator platform for around US$590 million. Open story ↗ Money20/20 Hackathon Is Back: $125K in 24 Hours The organizer of the largest global events for payments and financial services innovation, Money20/20, has announced the return of its Money20/20 Hackathon. Open story ↗ FinTech Filling the Gap in Student Loan Refinancing Fundamentally altering the financial services industry and traditional banking methods, financial service technology (FinTech) companies are disrupting several existing sub-sectors of traditional lending markets. Open story ↗ Insurance Is The Next Frontier For Fintech Insurance represents a huge opportunity that has yet to see real innovation. The U.S. insurance industry is the largest in the world in terms of revenue, with net premiums surpassing $1.2 trillion. Open story ↗ Fintech Startups And Accelerators Are Going Strong Globally Fintech labs, accelerators and hackathons are spreading around the world, from New York to London to Asia to Latin America. In New York, where it all started in 2010 with the FinTech Innovation Lab launched by Accenture and the Partnership Fund for New York City, the latest startup graduates have been announced from the 12-week mentoring program. Open story ↗ This Berlin fintech firm has raised €20 million to take its simple-but-brilliant savings product across Europe Berlin-based fintech firm WeltSparen has been working on a simple-but-brilliant way to boost people’s cash savings — one that investors seem to like. The company, known as SavingGlobal in the UK, just raised €20 million in a Series B round Open story ↗ 9 Crypto Startups Make BBVA Competition Final Nine crypto startups have made it through to the finals of this year's BBVA Open Talent competition. The Spanish multinational banking group's global fintech startup competition is split into three regional finals. Open story ↗ Blockchain is one of the first truly disruptive ideas from the fintech sector The technology underpinning the cryptocurrencies such as Bitcoin, Litecoin and others, is “one of the first truly disruptive ideas from the fintech sector,” Deutsche Bank Research has said in an online post titled Blockchain – attack is probably the best form of defence. Open story ↗ Comerica Bank and RocketSpace Present: The 2015 Wearable FinTech Startup Challenge RocketSpace announced today the launch of a business pitch contest focused on financial technology for the wearables market. Comerica Bank is the presenting sponsor, providing the full prize amount of $50,000 for the winning pitch. Open story ↗ Where 6 Banking Giants Are Placing Bets On FinTech Startups The army of financial technology startups is attacking traditional banking services, and major banks are striking back. Recently my colleagues at CB Insights analyzed venture funding to startups harnessing emerging technology in big data, mobile e-commerce and social networks. Open story ↗

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