Fintech News Issue #260 March 19th, 2020

Finance professionals are focusing on innovation and adaptability in 2020, according to a survey.

This week on Breaking Banks, we hear from Andy Hernandez, Chief Digital Officer of Regions Bank in a session recorded live in the Sundance Screening Room as part of the MX Fintech Festival, and Charles Potts, Chief Innovation Officer at Independent Community Bankers of America (ICBA) and formerly Fintech Catalyst at the Advanced Technology Development Center (ATDC) at Georgia Tech.

Could the coronavirus outbreak potentially act as a boon for fintech companies who can act efficiently and thoughtfully?

A TV commercial from challenger bank Chime features a woman who says she switched banks because her old bank didn’t help her manage her financial life.

The coronavirus pandemic could be devastating for many companies, but it's also shining a spotlight on the power of fintechs. They seem to be responding to the sudden challenge, though uncertainties lie ahead.

Blockchain has not yet reached mainstream adoption in the financial services industry but the technology has nevertheless moved beyond experimentation and is rapidly being adopted by stock exchanges around the world, according to a report by JP Morgan.

As the U.S. flirts with extreme market volatility and the possibility of its first recession since the 2008 financial crisis, it’s amazing to think how much consumer financial services have changed in that time.

Digital banking startup Yapeal has become the first company to be granted a fintech banking license by Swiss authorities.

The first round of negotiations between the United Kingdom and the European Union to determine their future, post-Brexit relationship took place between March 2 and March 5 in Brussels, Belgium.

Before AI and the rise of FinTech, very few industry giants had the bandwidth to deal with the inherently quantitative nature of our now tech-savvy world. These AI use cases detail how AI has been a game-changer for FinTech.

Fintech is huge these days becoming an essential part of every industry.

The international payments sector is anticipated to be worth a staggering $2 trillion by 2025, and fintech firms around the globe are crowding this market in an attempt to capture over 15 percent of the revenue that traditional banks currently hold, which could be as much $280 billion according to a recent Accenture report.