Fintech News Issue #251 January 16th, 2020
Top Stories
Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year.
10 fintech forecasts for the ‘20s
— via American BankerThe past decade has reshaped the financial system by introducing the first wave of emerging financial technology companies.
Alternative data is not the enemy of underwriting
— via American BankerFintechs — either on their own or in partnership with banks — are clarifying misconceptions surrounding alternative data, from its perception to real-life benefits.
FinTech Articles
3 Futuristic AI Trends in Finance Sector: 2020 Edition
— via HackernoonFrom the fraud prevention to driverless cars that navigate busy streets with ease, 2019 brought a dazzling array of artificial intelligence (AI) innovations. In 2020, AI is set to move towards collaboration in different sectors.
Artificial Intelligence: What Tasks Can Self-Learning Systems Really Perform For Finance?
— via D!gitalistGo to wherever you listen to your podcasts. Type in “artificial intelligence.” Fall down the rabbit hole.
Apple Co-Founder Steve Wozniak On Technology, AI and Innovation in Bankingv
— via The Financial BrandIn an exclusive interview and in a presentation at the Novathon conference, the Apple co-founder discusses his love for technology, his fears about artificial intelligence, and his perspectives on the potential for digital transformation.
Hong Kong hits major fintech milestone as half the city’s population signs up for HKMA’s Faster Payment System
— via South China morning postThe development shows Hong Kong is moving quickly into a new era of branchless banking, said officials at the Asian Financial Forum
Fintech can be the silver bullet to banking the UK’s unbanked
— via City A.M.Can new technology help the 1.23m people in the UK who don’t have a bank account?
Thai Tycoon Who Owns Fortune Magazine Plans Fintech Acquisitions
— via BloombergA financial technology startup co-founded by the owner of Fortune magazine plans to widen the reach of its Southeast Asian remittance platform through acquisitions.
The year ahead should be a good one for fintech, according to a study by CB Insights and Mastercard which sees an expansion of existing products and services rather than any radical innovation.
How Personalization Strategies Can Backfire on Financial Marketers
— via The Financial BrandPersonalization of bank and credit union marketing efforts can improve service to many consumers, when it's carried out properly.
Recent News
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How Online Identification Will Change Businesses – Rupert Spiegelberg and Armin Bauer, IDnow
FinTech Weekly / IDnow
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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
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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
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FinTech Meetup Europe - Lisbon
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Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More