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.
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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