Fintech News Issue #276 July 23rd, 2020
Top Stories
Self-Driving Money Is Coming To Consumer Fintech
— via ForbesFintech today is dominated by consumer tech platforms looking to reinvent financial services. Even in-spite of the reported slowdown in fintech financing activity, founders in the space still raised $8.3 billion in Q2 2020.
Mastercard Accelerates Crypto Card Partner Program
— via The Fintech TimesConsumer adoption of digital currencies is growing, with research showing that up to 20 percent of the population of some countries are holding cryptocurrencies, as an increasing number of merchants, digital players and financial institutions are exploring crypto payments.
Is Crypto Fintech? It Depends Who You Ask
— via CoindeskLeah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.
FinTech Articles
In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients.
Scalable Capital raises $58M at a $460M valuation for its robo-investment platform
— via Tech CrunchStartups building tech-based platforms to help make investments continue to be in high demand, building on an expanding market of investors getting more confident to rely on technology to undercut broker fees and speed up the process.
Hey bank, get onto my cloud!
— via Chris Skinner's BlogI’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud.
Is Lemonade IPO the model for insurtech? Probably not
— via Digital InsuranceInvestment in insurtech is big business. Just this month, investors warmly welcomed Lemonade's IPO, boosting the company’s opening day stock price by 139%, resulting in a $3.8 billion valuation – all for a company yet to post a profit.
It's been a slow journey to get UK customers meaningful control of their bank data. Is the next phase of "open finance" the answer?
The old and the new of fintech
— via VOX EUTechnological change in the financial industry is accelerating. Incumbents face disruption from innovative start-ups and large technology firms (Philippon 2020).
Review launched to boost UK Fintech sector
— via gov ukA review into the UK’s financial technology industry has been launched today to identify opportunities to support further growth in the sector, The Economic Secretary to the Treasury, John Glen, has announced.
Fintech shaping the future of financial landscape
— via BusinessmirrorWhen a pandemic forces everyone to stay at home, individuals tend to get creative with how they spend their time and money.
Singapore Fintech Association Builds Job Board for Post-COVID Fintech Growth
— via Finance MangnatesThe portal reportedly has listings over 500 job vacancies that are spread across six categories.
Recent News
Saving Financial Services in a Fickle Digital Culture
Paul Mandeville, CPO, QuickPivot
According to a recent survey, more than half of banking executives want to improve their social and mobile channels. However,... 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
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
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
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
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 - 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
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
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