Fintech News Issue #240 October 24th, 2019
Top Stories
Are Fintech Startups More Ethical Than Banks?
— via ForbesThere’s a misguided notion permeating the banking industry: That fintech startups are somehow more ethical than legacy banks, or that there is a fintech “ethos” that distinguishes fintechs from banks (and somehow makes fintechs morally superior).
Blockchain: Is it the future of FinTech?
— via IT Pro PortalBlockchain is poised for adoption if it can fix one issue: immutability of each transaction.
What can AI and big data do for finance?
— via City A.M.From October 2015, when the AlphaGo AI first beat a professional human competitor, to January 2018, several months after it defeated Ke Jie, the top-ranked player in the world, AI’s popularity had tripled as measured by Google Trends.
FinTech Articles
SMBs not only employ more than 50 Mn people but also contribute almost one-third of the GDP
The Speculative Case For $1000 ETH (If Ethereum Is Valued As A Fiat Payment & FinTech Platform)
— via Zero HedgeI’ve already written about how investors in the red hot payments sector are underestimating the disruptive threat of stablecoins and thus overvaluing the existing business models of proprietary networks. Today I’m going to argue crypto investors are making a similar mistake, and thus undervaluing ETH.
Luge Capital raises $85M to invest in Canadian fintech startups
— via Tech CrunchThere are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector.
Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday.
Stop taking Britain’s glittering fintech status for granted
— via City A.M.The preaviling narrative in the UK is that the Europeans were deeply disappointed by the 2016 Brexit referendum result, and have been imploring Britain to think again.
The past decade saw the emergence of a number of digital investing solutions, such as Robinhood, Wealthfront, Betterment, Acorns, and a slew of others, all aiming to democratize access to investment products through low-cost, digital-only solutions.
4 Crucial Steps to Transform Banking Products for a Fintech World
— via The Financial BrandBanking products are complex, undifferentiated and priced in a way that only an accountant would love.
Study Proves Being a Digital Banking Leader Boosts Financial Returns
— via The Financial BrandBeing a digital banking fast follower may seem to be the safe play, but coming in behind the leaders no longer produces the results that financial investors will reward.
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