Enterprise finance automation platform Nilus raises $8.5 million, founded by ex-PayPal employees
According to foreign media TechCrunch, Nilus, a start-up company dedicated to helping companies automate their financial operations, recently announced that it has received $8.5 million in seed round financing. Since the outbreak of the epidemic, digital payments have shown explosive growth, and cash flow regulation has become a major challenge for companies. With a slew of payment processing software out there, businesses need to keep adding new products and processing more and more transactions. Nilus aims to help businesses simplify their financial processes with a no-code financial operations platform.
Information link:
https://www.techlear.com/blog/2022/12/15/this-startup-just-landed-8-5m-led-by-bessemer-to-helpcompanies-automate-their-financial-operations/
Comments: This start-up company was co-founded by Daniel Kalish and Danielle Shaul last year. The two had previously worked in financial technology institutions such as PayPal and Fundbox respectively, and have extensive market and R&D experience.
Using machine learning to help financial management, Singapore start-up Osome received US $ 25 million in financing
According to TechCrunch, Osome, an enterprise financial management platform, recently announced that it has received US$25 million in Series B financing. The investors are Illuminate Financial, AFG Partners and Winter Capital. The company helps businesses with administrative tasks such as payroll, accounting and tax filing. Since its inception in 2017, the company’s cumulative funding has reached $51 million. Headquartered in Singapore, Osome currently serves more than 11,000 businesses in Singapore, Hong Kong and the UK. The company also helps resellers integrate on e-commerce platforms such as Amazon, eBay, Shopify, Lazada, Etsy and Shopee.
Information link:
https://www.thesaasnews.com/news/osome-raises-25-million-in-series-b
Comment: Osome plans to use this new round of funds to expand its business in the Asian market, or it will provide services for sideline and micro-business owners.
IFC launches a $225 million venture capital platform to support technology startups in Asia and Africa
In November 2022, the International Finance Corporation (IFC) announced the launch of a $225 million venture capital platform to provide financial support to startups in Africa, the Middle East, Central Asia and Pakistan. According to data from IFC, the total global venture capital investment in 2021 will be about 643 billion US dollars, and less than 2% will flow into the above-mentioned regions. In the aforementioned regions, with the exception of Egypt, Kenya, Nigeria, Pakistan, Senegal, and South Africa, tech ecosystems are either nascent or non-existent.
Information link:
https://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home
Comment: Through this platform, IFC will make equity or equity-like investments in technology startups, helping them grow into scalable start-ups that can attract mainstream equity and debt financing. In addition, IFC will work with other World Bank Group teams to create and support the venture capital ecosystem through regulatory reform, industry analysis, and other tools.
Supply chain carbon management platform Avarni raises $3 million
According to foreign media TechCrunch, Avarni, a carbon emission management start-up platform headquartered in Sydney, Australia, recently announced that it has received US$3 million in financing. The Avarni platform aggregates supply chain and expenditure data into a comprehensive data set, and uses artificial intelligence technology to help companies count, analyze, and predict carbon footprints. Since launching in 2021, Avarni has analyzed more than $100 billion worth of corporate spending data, exposed 100 million tonnes of CO2-eq supply chains, and has clients including KPMG Australia, Point B, solar startup 5B and more.
Information link:
https://technode.global/2022/12/12/australias-avarni-raises-3m-led-by-main-sequence-to-speed-updecarbonisation-efforts/
Comments: In terms of profit model, this start-up company charges a fixed monthly fee based on the professional services and consulting provided, while enterprises also need to pay a fixed fee based on the amount of procurement data analyzed by Avarni. In addition, the company recently launched a modular pricing plan that allows customers to pay separately for services such as research, comparisons, and carbon projections on demand.Beijing Insurtech Alliance, English name: Beijing Association of Insurtech (BAI), was established in September 2019. It is initiated by the Beijing Local Financial Supervision and Administration Bureau and organized by relevant units in Jinke New District and insurance The auction was mainly related to the debt dispute of Yingxue Investment. According to Ali Auction Network, the auction disposal unit is the Shanghai Hongkou District People's Court.
According to the auction results, the equity was auctioned by Allianz Insurance Group on October 14 for 57.5 million yuan. This also means that after completing the relevant procedures, Allianz Insurance Group's shareholding in JD Allianz Property Insurance is expected to increase to 53.33%.
Disclaimer: We are neutral about the views in this article, and this article is for reference and communication purposes only.
Blink Parametric and Sanctifly reach a global partnership
Blink Parametric, an American parametric insurance technology company, announced a partnership with Sanctifly, a travel health insurance platform. The two companies, leaders in insurtech and traveltech respectively, will collaborate on a real-time flight delay benefit insurance to provide coverage to Sanctifly's global customers.
Information link:
https://fintech.global/2022/12/12/blink-parametric-teams-with-sanctifly-for-flight-delay-benefits/#:~:text=InsurTech%20company%20Blink%20Parametric%20has%20partnered% 20with%20Sanctifly%2C,flight%20is%20delayed%20by%20two%20or%20more%20hours.
Comments: Sanctifly members facing flight delays of more than 2 hours can also enjoy other services, including access to airport lounges, swimming pools and gyms, and even airport massage services.
Insurtech At-Bay launches professional liability insurance
At-Bay, an American insurtech, will launch a comprehensive professional liability insurance product for wholesale brokers, insurance comparison platform service providers and other insurance distribution companies serving small and medium-sized enterprises. Brokers can get premium quotes within 2 minutes for SMBs with revenues up to $25 million in more than 50 industries, up to $2 million in coverage.
Information link:
https://www.at-bay.com/
Comments: Brokers can get in touch with underwriting insurance companies within 48 hours for consumers requiring $5 million in coverage.
British pet insurance technology ManyPets reaches partnership with Wakam
British pet insurance company ManyPets has announced a partnership with European digital insurer Wakam, which will become its new underwriter in the UK. Wakam is a B2B2C European insurance company with operations across 32 countries. From January next year, they will begin to underwrite ManyPets' policies in the UK and provide related services. Both companies are among the top 100 insurtech companies in Europe. The partnership will give Wakam access to the pet insurance market in the UK worth around £1.6 billion.
Information link:
https://www.wakam.com/en/manypets-et-wakam-annoncent-la-conclusion-dun-partenariat-majeur-au-royaume-uni/
Comment: ManyPets received US$350 million in Series D financing in 2021 and became a unicorn. Today, it has more than 500,000 effective policies worldwide.
Nassau Re/Imagine launches insurtech incubator TalentBridge23
Nassau Re/Imagine launched TalentBridge23, an insurtech incubation program. The six-month incubation program will connect talent, innovation and development opportunities in the Hartford region from January.
Information link:
https://beinsure.com/news/nassau-re-launches-talentbridge23-incubator-insurtech/
Comments: The incubator program has selected ten insurtech startups focused on retirement and health management for seniors.
The UK Monetary Authority, the Treasury and others issued a joint statement on open banking
On December 16, 2022, the UK Joint Regulatory Oversight Committee (Joint Regulatory Oversight Committee) issued a joint statement expressing its views on the future vision and governance of open banking. The statement pointed out that open banking has a continuing role in promoting competition and innovation, benefiting consumers, businesses and the overall economic environment, and maintaining the UK's international competitiveness and leadership in this field. The UK government will actively support the continued development of Open Banking. The committee is jointly formed by the HM Treasury, the Financial Conduct Authority (FCA), the Payment Systems Regulator (PSR) and the Competition and Markets Authority.
Information link:
https://www.psr.org.uk/our-work/joint-regulatory-oversight-committee/
Seven Japanese companies including Mitsubishi UFJ Trust Bank will set up a joint venture to build digital infrastructure
According to reports, seven Japanese companies including Mitsubishi UFJ Trust Bank, Japan Exchange Group (JPX), NTT DATA, Sumitomo Mitsui Financial Group, Mizuho Trust Bank, Sumitomo Mitsui Trust Bank, and SBI PTS Holdings are planning to establish a joint venture to build digital infrastructure. According to this plan, Mitsubishi UFJ Trust Bank will spin off the security token issuance and management platform "Progmat" into an independent company, and each of the above companies will contribute capital separately.
Information link:
https://www.ntt.com/en/about-us/press-releases/news/article/2022/0526.html
Several banks join hands with Code First Girls to attract more female tech talents to join the financial industry
A workforce analysis from the ONS shows that women make up just 18% of computer programmers, software development professionals, web design professionals and data analysts in the UK. There are also huge gaps in the financial industry, with another analysis showing that women make up just 30% of brokers, financial analysts and advisors in the UK. Meanwhile, a recent survey of more than 1,200 women by Code First Girls, a provider of free courses for women in the UK, puts Goldman Sachs, NatWest and Barclays among the top 10 target institutions for female programmers, though popularity remains high. Behind tech giants like Google, Spotify, Apple, Meta, Microsoft and Amazon. To this end, more and more banks and financial services have begun to cooperate with industry organizations such as Code First Girls, hoping to attract more and more female technology talents to join their teams.
Information link:
https://codefirstgirls.com/
Agricultural Bank of China Expands the Pilot Program of Domestic and Foreign Currency Integrated Bank Settlement Account System
Recently, the pilot program of the domestic and foreign currency-integrated bank settlement account system has gradually expanded, and branches of the Agricultural Bank of China in Beijing, Shanghai, Shenzhen, Shandong, Ningbo, and Xiongan have actively participated. In addition, the Guangdong and Zhejiang branches of the Agricultural Bank of China have launched pilot projects in 2021, and this time they will further expand the scale of the pilot projects in the region. The pilot project of domestic and foreign currency integrated bank settlement account system is based on the basic structure of "one account, multiple currencies", unifies management rules such as account opening, modification and cancellation, improves the convenience of multi-currency fund management, reduces economic costs, and improves settlement Efficiency, to provide customers with more high-quality, stable and efficient account services.
Information link:
https://www.163.com/dy/article/HODGU9FU0514R9KC.html
Maybank Securities Report: Large Companies Lead SMEs in ESG Transformation Speed
A report released by Maybank Securities recently pointed out that there is a difference in the speed of environmental, social and governance (ESG) transformation between large companies and small and medium-sized enterprises in Singapore, and large companies are significantly ahead of small and medium-sized enterprises. Of the companies it observes, 39% of large enterprises have clearly defined net zero goals, while only 8% of small and medium-sized enterprises have clearly defined this goal. According to statistics from the Singapore Bureau of Statistics, by 2021, SMEs account for 99% of the total number of enterprises in Singapore, employees account for 71% of all enterprise employment, and they contribute 44% of the nominal value added of enterprises.
Information link:
https://www.maybank.com/en/investor-relations/financial-overview/annual-reports.page
FSA Publishes Code of Conduct for ESG Assessment and Data Providers
According to "Building a Financial System that Supports a Sustainable Society" published in June 2021, the Japan Financial Services Agency (FSA) established the Technical Committee on ESG Evaluation and Data Providers in February 2022 to discuss extensively the current status of ESG evaluation and data, Challenges faced by interested parties in ensuring the proper provision and use of ESG assessments and data, and anticipated future developments.
Information link:
https://finance.stockstar.com/IG2022122000002103.shtml
Hong Kong Monetary Authority (HKMA) publishes "Due Diligence Procedures for Green and Sustainable Products"
Recently, the Hong Kong Monetary Authority (HKMA) released the "Due Diligence Procedures for Green and Sustainable Products", which aims to provide excellent market practice reference for Accreditation Institutions (AIs) in developing and managing green and sustainable financial products.
Information link:
https://www.hkma.gov.hk/gb_eng/key-functions/banking/banking-regulatory-and-supervisory-regime/green-and-sustainable-banking/
The Asset Management Association of China released the "Green Investment Self-Assessment Report for Fund Managers (2022)"
Recently, the Asset Management Association of China released the "Green Investment Self-Assessment Report for Fund Managers (2022)" (hereinafter referred to as the "report"). The "Report" summarizes and analyzes the green investment management performance of domestic asset management institutions by the end of the third quarter of 2022. The "Report" found that factors such as specific investor needs, controlling shareholders' requirements, and the blessing of high-prosperity tracks have jointly promoted the accelerated development of green investment.
Information link:
http://www.zqrb.cn/fund/jijindongtai/2022-12-14/A1670949411482.html
UK Payments Systems Regulator (PSR) takes steps against APP scams
Recently, the British Payment System Regulator (PSR) issued a document "Relevant Measures to Respond to APP Fraud (Revised)" to protect the public from APP payment fraud. In the first half of this year, there were 95,000 APP fraud incidents in the UK, with a total loss of nearly 250 million pounds. In this regard, PSR has formulated relevant measures, hoping to help the public prevent APP fraud. Key measures include publishing fraud data, requiring the industry to step up information sharing, and expanding the scope of reimbursement for victims of APP fraud.
Information link:
https://www.psr.org.uk/
FTC bans credit repair agency The Credit Game for life for fraud
On December 15, 2022, the U.S. Federal Trade Commission (FTC) announced a lifetime ban on the credit repair agency "The Credit Game" (The Credit Game) and its operators. The FTC filed a lawsuit against the agency in May 2022, accusing it of providing credit reporting agencies with false information about consumers' credit reports, selling customers hypothetical business opportunities to create their own bogus credit repair programs, and encouraging consumers to use The COVID-19 tax relief fund pays for bogus services.
Information link:
https://www.ftc.gov/news-events/news/press-releases/2022/12/ftc-action-leads-permanent-ban-scammers-behind-credit-game-credit-repair-scheme
Meta is under EU antitrust investigation and may face a huge fine of 11.8 billion U.S. dollars
On December 19, 2022, the European Commission's Antitrust Affairs Bureau issued an indictment warning Facebook's parent company Meta for violating EU antitrust laws. Because Meta distorts the normal competitive landscape of the online classifieds market and abuses its market dominance. Meta will have the opportunity to appeal its case before the European Commission makes a final decision. Meta could face fines of up to 10 percent of its annual global revenue if the Commission finds the company violated antitrust rules.
Information link:
https://www.foxbusiness.com/technology/eu-commission-warns-meta-violating-antitrust-laws-facebook-marketplace#:~:text=The%20European%20Commission%20warned%20Facebook%27s%20parent%20company %2C%20Meta%2C,competition%20in%20the%20markets%20for%20online%20classified%20advertisements.
As of November 2022, there will be 11 fintech regulatory sandboxes in MENA
In November 2022, the Middle East and North Africa Fintech Association (MFTA) Open Finance Working Group released a special report on the booming open banking and embedded finance in the region. Regulators in the region have been working to address the growth in open banking activity and ensure consumer safety through new frameworks, licenses and laws, the report noted.
Information link:
https://mena-fintech.org/
"2022 China Wealth Management Development Trend Report" released: the industry ecology is taking shape, and the focus is shifting to customer experience
Focusing on the current development trend of the wealth management industry, 21st Century Asset Management Research Institute recently completed the "2022 China Wealth Management Development Trend Report" (hereinafter referred to as the "Report"), which was officially released on December 22. The report systematically researches and discusses hot topics such as the macro environment, industry ecology, and transformation trends of the development of the wealth management industry, and strives to comprehensively display the trends and changes in the development of China's wealth management industry in 2022.
Information Links:
http://www.21jingji.com/article/20221223/e6cfbaffc3beeffda6b987bca771a351.html
Talk about new trends in wealth management and gain insight into new opportunities for industry development
On December 23, the third forum in the series of forums entitled "New Economy Surging New Power, New Bay Area Opening Up New Pattern" was held. With the theme of "Insight into the Times, Steady and Far-reaching, Dialogue on New Opportunities for Wealth in 2023", this forum gathered in the "cloud" through two sessions: keynote speeches and roundtable dialogues, well-known experts and celebrities from the field of wealth management gathered in the "cloud" to talk about new trends in economic development, combine new trends in the development of the financial industry, find definite investment opportunities in uncertainty, and gain insight into new opportunities in wealth management.
Information Links:
http://www.ce.cn/cysc//newmain/yc/jsxw/202212/23/t20221223_38304734.shtml
Bairong Yunchuang: Digital intelligence drives wealth management innovation
In view of the many pain points in the operation of existing customers, Bairong Yunchuang has built a "4+1" wealth management system with intelligent driving as the core, namely customer insight, intelligent matching, normal operation, iterative evaluation and digital system tools. Bairong Yunchuang builds a new digital intelligent customer business model through the "4+1" system to help financial institutions establish a digital intelligent customer management system and realize the understanding and accompaniment of customers.
Information Links:
http://www.brgroup.com/news/dynamic/201
Magic Cube: The "Customer Stance" of AI-Enabled Personalized Wealth Management Services
In the process of providing investment advisory services with partners, Magic Cube provides customers with personalized and customized financial solutions according to the amount of customers' funds, purchase preferences and other information, dynamically adjusts and meets the changes in customer needs with the help of "intelligent investment management system", and at the same time meets the personalized investment needs of different risk appetites in the investment process with the help of "flexible trading system", and at the same time constantly corrects and accurately judges customers through the "intelligent customer analysis and management system" that interacts with customers.
Information Links:
https://hea.china.com/article/20221223/122022_1200851.html
Microsoft may advance the acquisition of Netflix in 2023 to promote the game business
According to foreign media reports, Microsoft's current CEO Nadella is actively expanding the company's business and is considering acquiring Netflix in 2023. It is reported that the two companies have established close cooperation in many fields. Netflix has chosen Microsoft as its advertising partner for a new ad-supported subscription service. Microsoft President Brad Smith also sits on Netflix's board. Part of the reason for the deal is Microsoft's desire to offer its video game streaming service on multiple devices.
Information link:
https://www.163.com/dy/article/HP6PJM9R0518STBF.html
Samsung Electronics will launch smart TVs capable of trading and displaying NFTs in the first half of next year
According to Korea Economic Daily, Samsung Electronics will launch a smart TV capable of trading and displaying NFT in the first half of next year. It plans to build NFT applications from three companies including NFT Gateway in the United States, La Collection in France, and Art Token in South Korea. Various methods such as assets (cryptocurrency) are used as means of payment.
Information link:
https://inftnews.com/81854/
In November 2022, the total global venture capital investment will be 22 billion US dollars, a year-on-year decrease of 69%
Statistics from Crunchbase.com show that the total global venture capital investment in November 2022 will be US$22 billion, a year-on-year decrease of 69% and a month-on-month decrease of 19%. The decline this time is reflected in all stages. Compared with November 2021, seed round financing has been reduced by one-third, early-stage financing has been reduced by half, and late-stage financing has been reduced by 80%. The number of new unicorns reaching market cap size is also the lowest since March 2020.
Information link:
https://www.crunchbase.com/
Mercedes-Benz Submits Encrypted Trademark Application, May Be Used in NFT, Financial Services, and Other Fields
On December 20, 2022, US Trademark Office trademark registration attorney Mike Kondoudis tweeted that the German car brand Mercedes Benz (Mercedes Benz) submitted an encryption-related trademark application to the US Patent and Trademark Office, claiming that it plans to use NFT, Virtual clothing and merchandise, financial services, cryptocurrency transactions, and more.
Information link:
https://www.linkedin.cn/incareer/pulse/mercedes-benz-files-metaverse-nft-trademarks-tegrofi
Euroclear acquires private markets technology solutions provider Goji
On December 14, 2022, Euroclear announced the acquisition of Goji, a London-based private market digital access and technology solutions provider, pending regulatory approval. According to statistics, the current value of private market assets is about 9.8 trillion US dollars, and it is expected to grow to 14.4 trillion US dollars by 2025. The combination of Euroclear's open infrastructure and Goji's innovative technology will provide a digital platform enabling end-to-end access to the private equity market.
Information link:
https://www.euroclear.com/newsandinsights/en/press/2022/2022-mr-19-euroclear-to-acquire-goji.html
Disclaimer: The content contained in this article comes from public channels such as the Internet, WeChat official account, etc. We take a neutral attitude towards the views in this article, and this article is for reference and communication only.
Follow Us
Copyright © 2022 Beijing Think Financial Development Institute All rights reserved 京ICP备2022022408号 
京公网安备11010802039926号
