Fintech News Issue #250 January 9th, 2020

In today's episode, we bring you an interview with Kosta Peric, Deputy Director of Financial Services for the Poor at the Bill & Melinda Gates Foundation. Laura Watkins caught up with Kosta at Fintech Connect 2019 and the pair discuss the foundation, its open-source banking code project, and the growth of fintech to help underserved communities.

Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.”

On day one of this new decade, here are a few Points on fintech startups maturing into banks, and banks mastering fintech.

Integrity and authenticity are more important than product offerings or even innovation in driving consideration of financial institutions among younger consumers.

The latest fintech innovations and next-gen ideas will be showcased at the Asian Financial Forum, Asia’s leading platform for global financial and business leaders, fintech innovators and entrepreneurs as well as investors and venture capitalists to exchange insights, intelligence and business opportunities in the dynamic markets of Asia and beyond.

Elderly -- and vulnerable -- Japanese hold half the country's $17 trillion in financial assets

Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licenses, the financial regulator said.

Machine Learning is helping new age Fintechs to streamline the entire lending process, even as they comply with regulatory guidelines.

The most common challenger bank model may not be sustainable, Accenture banking leader Alan McIntyre bluntly predicts, but neither is the traditional, small-scale banking model.

Fininbox, an established banking software-as-a-service (SaaS) provider, has identified three main Fintech trends or developments that helped shape the financial technology industry last year.

JPMorgan Chase plans to block fintechs from screen scraping — obtaining usernames and passwords of customers, logging in as them, and copying and pasting their account information into a database.

Next year in fintech will be marked with enhanced customer service, improved payment options, disruptive technologies and growth of regtech

The financial services sector has gone through a myriad of changes as the demand for more access and instant transactions has grown

It’s hard to think about much else in Australia right now, other than bushfires. They are consuming our media and our daily discussions with friends, neighbours and work colleagues.

In the past four years, investment in Latin American startups has more than quadrupled.