Fintech News Issue #280 August 27th, 2020
Podcasts & Videos
What Is Ant, the Chinese Fintech Giant With Big IPO Plans?
— via Wall Street JournalThe Chinese fintech titan Ant Group—co-founded by Alibaba billionaire Jack Ma—is set to go public in what could be one of the largest listings ever. WSJ explains how Ant's backbone service, Alipay, has revolutionized payments and investing in the world's most populous country. Photo Composite: Crystal Tai
Top Stories
Insurance Getting A Fintech Facelift
— via ForbesTraditionally viewed as a stodgy industry, insurance is slowing playing catch-up with the help of technology.
Wirecard innovation team moves to Berlin-based fintech
— via ReutersA technology team from Wirecard (WDIG.DE), the German payments company that collapsed in June, is joining a new digital innovation unit being set up by Berlin financial technology group finleap.
Coronavirus will accelerate the fintech revolution
— via RaconteurFintech has long been a sector on the rise, but could the coronavirus pandemic finally be the thing which makes financial technology the norm for everyone?
FinTech Articles
Fidelity President Files For New Bitcoin Fund
— via ForbesFidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.
Passion Capital has backed Fronted, the startup that wants to offers loans to cover rent deposits
— via Tech CrunchFronted, the new London-based startup aiming to make life easier for renters, including lending the cash needed for a deposit, has picked up seed investment from Passion Capital.
Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.
CBA rolls out high-speed lending system for SMEs
— via FinextraCommonwealth Bank of Australia has unveiled BizExpress Online, a fast-speed lending system for small businesses available through Netbank and the CommBank app.
When Hong Kong regulators gave crypto firm OSL a nod of approval last week, it was the icing on the cake for the HKEX-listed digital asset trading platform.
Early Stage Fintech Hit Hardest From Pandemic
— via ForbesThe coronavirus epidemic that began in March has had lasting economic consequences whose full ramifications are still far from clear. While the markets were down by 35% early in the crisis have bounced back, the financial services space has seen mixed results.
China’s banks must innovate to help small businesses weather ‘complex and severe’ economic environment
— via South China morning postPeople’s Bank of China governor Yi Gang has called on banks to help small businesses weather the severe economic environment through fintech innovation
Hong Kong’s future lies with fintech, and it will be bright
— via South China morning postHong Kong is the gateway for Chinese companies to launch internationally, and companies seeking to reach China and Southeast Asia
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