Fintech News Issue #227 July 25th, 2019
Top Stories
Today’s non-banks and new challenger banks lead innovation—and create what I call #REALVALUE—by taking a problem-solving approach to innovation.
While anyone could purchase a Certificate of Deposit (CD) that paid over 5% APY just a decade ago, the average rate for a 12-month CD is now just 0.59%.
Among independent advisory firms, 58% plan to invest in new technology this year, with the top reason being the hope to serve more clients.
FinTech Articles
Consumer Fintech Use Goes Mainstream
— via Retailnews AsiaThe use of fintech products and services in Singapore has grown substantially in the past two years, though the country still lags China and India by a large margin.
Startups looking to expand the reach of financial services continue to receive a nod from investors.
The best fintech startups in Europe
— via ValuerGovernment support for the financial sector and financial technology (fintech) is huge, not only because of its size (global funding = $111.8 billion), but it is growing at an unprecedented rate, partially due to technology, and more specifically, an increase in access to mobile devices.
Fintech Tips: How to avoid a bank scam... 3 ways technology can help, but it’s still down to you
— via altfiBiometrics, tokenisation and big data can cut bank fraud, but customers still need their wits about them.
A non-utility patent filed by Bank of America has Ripple fans in high spirits today.
Feds hurt consumers by holding back new banking technologies
— via Houston ChronicleRecently I ordered a pair of fancy reading glasses online from a national department store, and within hours someone used my credit card to buy gasoline near the company’s headquarters.
How to make a small island a big centre for FinTech
— via The FinanserOne of the discussions at the UN meetings was around SIDS, the Small Island Developing States[...]
Savings accounts that offer generous interest rates are emerging as a key battleground for financial upstarts.
Urgency of Digital-First Strategies Grows in Banking’s Innovation Race
— via The Financial BrandMarriott's move to compete with Airbnb's platform-based business model should be a wake-up call for banks and credit unions to get serious about digital innovation.
Recent News
Changing How We Use Tech Can Change Finance
Lauri Paal
A change in our approach, and the ways we use technology, can be disruptive to the Financial Service Industry. 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 - 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
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 - 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
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