Fintech News Issue #235 September 19th, 2019
Top Stories
Technology Is Banks’ New Battleground
— via The Wall Street JournalEuropean banks are playing catch up with their American rivals in tech spending, particularly in cutting-edge areas like artificial intelligence
Visa and Mastercard Sign Up for Investments in Fintech Unicorn Plaid
— via Fortune.comAs two competing giants occupying the same realm of credit cards and electronic payments, it’s not often that Visa and Mastercard both decide to bet on the same company as a means of expanding their businesses.
What are some new and exciting trends in the fintech startup space?
Top Events
The seventh installment of the All Markets Summit franchise will explore what divides and unites generations in the workplace and across politics, and how collaboration across generations can change business. Speakers include financial luminaries Adena Friedman of Nasdaq, Jes Staley of Barclays, Citigroup Vice Chairman Ray McGuire, CFTC Chairman Heath Tarbert, along with business leaders like Robert Falzon, Prudential's Vice Chairman, Bernard Tyson of Kaiser Permanente, Minneapolis Fed President & CEO Neel Kashkari, and Google Ventures Partner Joe Kraus.
FinTech Articles
TransferWise, the $3.5 billion fintech firm backed by Peter Thiel, posts its third year of profit
— via CNBCFinancial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even.
The biggest banks on Wall Street are increasingly betting on their potential competition.
Everyday fintech use cases for A.I.
— via Fintech CircleArtificial Intelligence is becoming more commonly used in a variety of fintech applications.
Banking technology start-up GoCardless expands to America
— via The TelegraphBritish payments technology start-up GoCardless has launched its online direct debit service in the US and will open a new office in San Francisco.
Where banking-fintech partnerships fall short
— via American BankerToday’s banks are about as familiar with new business models as Blockbuster was before Netflix emerged, which sheds light on potential economic parallels as fintechs begin partnering with banks.
Maturing Fintech Firms Use Enhanced Data To Threaten Legacy Banks
— via The Financial BrandMost financial institutions continue to play 'catch up' as smaller financial technology providers expand services for retail and small business customers.
FinTech is revolutionising America, the impact on Africa will be 6 times bigger
— via The New TimesEvery once in a while, the field of innovation and entrepreneurship sees a new trend taking the lead, influencing the market and dominating the headlines.
The two big issues bank CEOs have with FinTech
— via The FinanserFor all the talk about how well FinTech start-ups are doing, I hear two regular laments from bank CEOs. First, why aren’t we valued like FinTechs? and second, why aren’t FinTechs regulated like us.
Fintech’s Second Wave: Lenders in Disguise
— via a16z.comIn 2006, LendingClub introduced a then-novel business model: the ability to offer online personal loans to millions of underserved customers.
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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 - 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