blockchain

PE Firm Finstar to Invest in Fintech

PE Firm Finstar to Invest in Fintech

Private equity firm Finstar Financial Group has announced a strong commitment to fintech. The Moscow-based firm is planning to invest $150 million in fintech startups in the next five years.   Targeting high growth SMEs   The private equity group is planning to target high growth SMEs and provide help to its portfolio companies in terms of R&D. Finstar has [...]

Banks Are Trying to Keep Up with Fintech Startups

Banks Are Trying to Keep Up with Fintech Startups

Fintech startups are changing the face of the financial industry. People are adopting technology at an increasing pace, which is creating new opportunities for startups to come and disrupt the traditional system. Banks have had to take notice. So, how are major banks trying to keep up with fintech startups?   Increasing technology budgets   Traditional banks have realised that [...]

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How Are European Banks Investing in Fintech?

CB Insights’ research in European banks investment in fintech makes an interesting read. The research company analysed private market fintech investments by assets under management all the way from 2012 to the current year and noticed banks are keen on fintech investments. With the current rate of investing, funding in European-based fintech firms might surpass $2.6 billion this year.   [...]

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Report: Returns Tighten for Private Equity

The latest Global Private Equity Barometer shows private equity returns to have decreased from last year. Coller Capital’s reporting also shows private equity investors believe fintech opportunities will continue to increase in the future. However, investors don’t seem impressed by blockchain technology.   Returns are diminishing   According to the report, 62% of surveyed private equity investors earned a net [...]

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Japanese Lender to Launch a Fintech Venture

Traditional financial service firms are playing catch-up. The world is changing around them thanks to fintech revolution and the firms are trying to hold on. The solution for many has been to be part of the revolution, rather than just watch it go by. The Japanese lender, Mizuho Financial Group, is the latest to throw its hat in the ring. [...]

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Nasdaq Enters the Race to Attract Fintech Companies

Nasdaq announced on Wednesday it’s launching a dedicated venture investment unit to find the best fintech firms to collaborate with. While the investment program has unofficially been operating since the late-2015, the new unit will look to harness more long-term benefits to Nasdaq’s client base. It could also increase competition in the fintech sector in terms of investments.   Looking [...]

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Has Northern Trust Introduced a New Way of ...

Technology innovation in the private equity industry is always welcomed news – especially when it makes lives easier for private equity funds and their investors. Northern Trust has teamed up with the technology giant IBM to deliver one such solution: a blockchain for the private equity market.   The system is currently only being used by a Switzerland-based asset manager, [...]

Disrupting Foreign Exchange with Blockchain

Disrupting Foreign Exchange with Blockchain

Last week Lykke announced a competition to build a new and superfast foreign exchange and settlement platform based on blockchain. Its Swiss founder is Richard B. Olsen. He was a fintech founder long before that buzzword entered our vocabulary. In the eighites, he established a real time financial information system and in the nineties, a Forex trading platform startup that [...]