Fintech News Issue #224 July 4th, 2019
Top Stories
GIC Says Big Banks Can Beat Fintech Startups (If They Hurry)
— via BloombergOne of the world’s biggest sovereign wealth funds says traditional banks can weather the rising tide of fintech rivals if they build similar offerings like mobile banking services before regulators open the flood gates.
Here is a look where fintech is leading us and why
— via DataconomyFintech is opening floodgates of opportunity for ambitious startups that previously had no hopes of overcoming barriers to entry in the finance field.
Five Facts on Fintech
— via IMF BlogFrom artificial intelligence to mobile applications, technology helps to increase your access to secure and efficient financial products and services.
FinTech Articles
Warren Buffett’s Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?
— via Yahoo FinanceAs Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank.
Now that we've had a little more than a week to decompress from our time in Montauk for Brainstorm Finance, we've been reflecting on everything we learned and culling the key trends that emerged from our discussions with top executives.
Central banks grappling with fast-changing financial technology and companies like Facebook (FB.O) moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.
You may have seen that I am currently right in the middle of a series of interviews on Open Banking. I talked to a lot of bankers, both on an informal and on a formal way, and I will talk to a lot more.
Hundreds of German fintech startups have gone bust since 2017
— via Yahoo FinanceInvestments in Germany’s booming fintech sector may have doubled in the first quarter of 2019 from the same period a year before, but a new PwC Germany study reveals a flip side to the story, as hundreds of companies have quietly died off unnoticed.
How Banks Are Leveraging Blockchain Technology
— via HackernoonBanks are researching blockchain technology to reduce costs.
The Solution To The Fintech IPO Shortage
— via ForbesThe year 2019 seems set to be a record-setting one for venture capitalist exit value capture by means of tech IPOs. But fintech doesn't seem to be a part of this picture.[....]
Banks and fintech partnerships: a clash of extremes
— via LinkedIn“We really like their technology and the unique value they bring to clients. Nevertheless, they recently stole two good clients from us, so we will not disclose any more information and there’s no way that we will partner with them.”[...]
Fintech: Fast and furious
— via Fortune IndiaFintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.
Recent News
Cryptocurrencies and ICOs – A Rough Guide to Regulation
David Ramm, Jack Shawdon, Philip Stone
Over the past few years there has been a growing proliferation of cryptocurrencies. More recently, companies which may have limited... Full Article
2020 Fintech Trends to Watch Out For
Michael Dehoyos
Fintech remains fearless in the face of traditional banking. Rapidly evolving to meet consumer needs that they never even knew... Full Article
Banking Reinvented: How Advanced Generative AI Models Are Shaping the Industry
Aayush Mittal
Advanced generation AI models are shaping the future of the banking industry, offering transformative potential and creating new challenges. In... Full Article
How Online Identification Will Change Businesses – Rupert Spiegelberg and Armin Bauer, IDnow
FinTech Weekly / IDnow
FinTech Weekly talked to online identification provider IDnow about why identity management will be one of the most interesting areas... Full Article
Viewing Digitalization as a chance (1/2)
Robert Freitag
Business Cases The financial industry is currently still trying to catch up on their delayed start into the digitalized future.... Full Article
Explore Meetups
Hyperledger Argentina
The Hyperledger Foundation is an open source collaborative effort hosted by the Linux Foundation and created to advance cross-industry blockchain... Read More
FinTech Meetup Europe - Frankfurt
Hello Frankfurt-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
FinTech Meetup Europe - Tallinn
Hello Tallinn-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
FinTech Meetup Europe - Lisbon
Hello Lisbon-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
Citi Accelerator TLV
Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More