Fintech News Issue #185 September 26th, 2018

Not long ago, most financial institutions basically had the same digital account acquisition capabilities. Not any more. Leading institutions are pulling away. Banks and credit unions that don't provide end-to-end digital account opening must upgrade quickly.

‘Market makers’ are fueling the cryptocurrency industry, but their methods of operation may jeopardize the foundations on which it stands

Deploying a digital-first banking platform is not only now possible but mandatory for financial institutions of all sizes. To compete effectively in the future, every bank and credit union must understand the four facets of a digital platform strategy — omnichannel capability, modular structure, open API architecture, and smart technologies.

Registration is open for the ultimate fintech festival with two days of innovation, collaboration, live tech demos, music & craft beer. With over 2000 attendees, FinTECHTalents connects tech start-ups, financial institutions and academia under one roof in a unique setting.

Book via this link for your discounted ticket.

The Conference for Branch and Retail Banking Innovators

Future Branches is the only conference that explores how leading financial institutions are revamping retail banking technology, retooling front line associates, and creating the branch and retail banking experience of the future.

Slow to take off, open banking could yet transform financial services and offer better deals for banking customers

Senior bank executives are starting to understand that Open Banking will have key implications on their future competitive positioning and related digital transformation activities.

Fintech may be one of the few industries looking back fondly at what happened to Wall Street after 2008.

Fintech banks are tapping into the huge cultural shifts created by the internet and creating new desires and expectations in the financial services industry. They’re putting huge pressure on the high street retail banks and delivering results in exciting new ways.

Achieving great workplace culture, good brand marketing, high employee satisfaction and economical success as a company in the IT industry all boils down to the very same thing now.

Today in order to maintain competitive advantage, financial institutions need to be increasingly agile and quick in how they respond to fast-changing customer expectations and ultimately beat their competitors. To this point, last month the EBA — European Banking Authority published a Report on the Prudential Risks and Opportunities Arising for Institutions from Fintech.

Real-world assets represented by ERC721 non-fungible tokens is one thing. Saying that this kind of token is a security is confusing, inaccurate and sometimes plain wrong.

After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year.

Greg Stevenson was trying to refinance the mortgage on his four-bedroom home in eastern England when things started going awry. An attempt by his bank, TSB, to shift data to a new computer system had gone spectacularly wrong. For several maddening days, he could not connect to his account, transfer funds or reach anybody at the bank for help.

Across North America, policymakers, fintech companies, and financial services firms are finally beginning an earnest dialogue about open banking. The Senate Banking Committee recently touched on the issue at a Sept. 18 hearing — one of the first official discussions in the halls of Congress.