Fintech News Issue #255 February 13th, 2020
Top Stories
Investors poured more than $53 billion into fintech startups worldwide in 2019, according to Accenture.
The Future Of Blockchain: Fintech 50 2020
— via ForbesWith the price of bitcoin more than doubling from $3,400 to $10,000 since last year’s Fintech 50 list, it’s perhaps no surprise to see some of the largest, and most innovative cryptocurrency companies still holding onto their place on the annual list of startups blazing new trails in financial technology.
Fintech 50 2020: The Newcomers
— via ForbesAs the financial technology industry balloons, with venture capital funding growing at a faster pace than the rest of the tech sector, new fintech startups keep emerging.
Top Events
Insurers have the tools to provide empathy at scale through automation, according to Liberty Mutual, Farmers, AAA and LexisNexis Risk Solutions.
FinTech Articles
The Future Of Payments: Fintech 50 2020
— via ForbesPayments companies continue to be some of the most highly valued businesses in fintech.
IEO, STO, and Blockchain IPO: New Blockchain-based Methods for Fundraising
— via FinTech WeeklyWhile ICOs were touted as one of the killer applications of blockchain technology, they had a fair share of pitfalls.
Fintech has finally cracked the US banking sector
— via QuartzVaro Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US.
Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world.
Imagine you are out shopping and get to the till but your card doesn't work. It turns out that your bank has had a computer meltdown and none of its customers, including you, can pay for anything.
Banking Must Bridge the Growing Digital Transformation Skills Gap
— via The Financial BrandFinancial services organizations must transform to meet the digital needs of consumers.
Revolut automates compliance workflows to fuel expansion
— via Bank InnovationU.K.-based digital banking startup Revolut is expanding at a rapid clip.
Citi and Goldman Sachs go live with blockchain equity swaps platform
— via The Trade NewsAxoni has launched its distributed ledger network for equity swaps, with Citi and Goldman Sachs among the first to adopt the platform.
Digital Overtaking Branches as the Place Consumers Get Advice
— via The Financial BrandMoney-stressed consumers are turning for financial guidance to their primary financial institution more often, but are increasingly doing it digitally.
Challenger bank N26 is closing accounts for UK customers on 15 April, blaming difficulties created by the Brexit process.
Bank of America scored 418 technology patents in 2019
— via Bank InnovationBank of America obtained more patents last year than any other year in the history of the company.
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