Fintech News Issue #254 February 5th, 2020

Ross Gallagher and Adam Davis are in the hosting seat this week and are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week.

Even though they pretend to be, most fintech products aren’t built for the vast majority of Americans.

The recently launched Shareable Asset is a fintech firm that aims to provide a safe and secure investment platform that provides equal access to all investors which previously was only accessible to sophisticated and institutional investors.

At the end of the past six years, Cornerstone Advisors has surveyed financial institutions to find out where their technology dollars will go in the coming year.

LendIt Fintech USA 2020 returns to NYC as they host the world’s largest fintech networking event. Over 5,000+ fintech innovators, investors, commercial and regional banks, service providers, enterprise tech companies, the media, and government officials will gather for two days of networking, learning and deal-making.

A fintech startup that aims to make voice brokers obsolete has gone live with its first trade -- in Bitcoin.

Today it’s easy to imagine yourself sending money to a friend, or buying a product within several seconds. It’s all thanks to the boom in fintech. The investment in fintech has been dramatically rising in the last years, as many countries want to become the hubs of cutting-edge fintech innovation.

Marcus by Goldman Sachs is quickly becoming a digital banking force to be reckoned with as they introduce a mobile banking app and announce plans to offer a checking account and wealth management to their current savings, lending and credit card solutions.

The banking boss of the digital disruptor is bullish when it comes to the future for innovation within the financial services industry.

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

The CEO of Mastercard has revealed why the company pulled out of Facebook’s Libra cryptocurrency project, saying he “doesn’t understand how it works”.

For the first time, in the fourth quarter of last year Russians made more payments digitally than with cash, according to analysis from Sberbank.

Goldman Sachs is becoming an ally for Big Tech companies looking to widen their financial footprint.