Fintech News Issue #269 May 28th, 2020

A new week a new issue of FIntechWeekly. This week we have a selection of interesting articles about Fintech for you. It's about high-street players versus digital banks, the future of Fintech and Shopify which is on its way to become a bigger Fintech player. That was a small excerpt from this week's issue - enjoy reading. Max and the FinTech Weekly team

Top Stories

FinTech Articles

    During this quiet period of time, it’s a good time for reflection and I was lucky enough to be commissioned to produce some research on how European FinTech influencers see the future of payments post-pandemic.

    Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.

    San Francisco-based cryptocurrency exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading.

    European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.

    Startups in the payments and lending sectors led the number of investments in India, whereas China’s deals were more in cross-sector fintech startups

    Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech.

    Shopify announced a business debit card (Shopify Balance), a buy now / pay later option for consumers (Installments), and an AI powered fulfilment network for delivery of goods and integration with Facebook and Instagram for shops.

    Fintech is Dead
    via Medium

    Something weird has been happening recently. For a long time whenever someone said “post-crisis” it was obvious what they meant, they meant the period after the global financial crisis.

    Small Businesses are the lifeblood of the global economy, listen as Michael Abare- Principal Product Manager for Fusion Digital Banking at Malauzai, a Finastra Company explains how the Finastra ecosystem enables financial institutions to reach and assist more small business clients. Then for the second half, Jason Henrichs hosts Derik Sutton VP Marketing of Autobooks to learn how Autobooks has been able to free up more time for small businesses to take care of the more important things in life and the launch of their “Get Paid with Autobooks” initiative.

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