Fintech News Issue #281 September 3rd, 2020
Top Stories
Robinhood May Face $10M SEC Fine Over Disclosure Failures
— via CoindeskRobinhood is reportedly in hot water with a top U.S. regulator for not properly disclosing that it was making revenue by passing customer orders onto market makers.
Banks aren’t as stupid as enterprise AI and fintech entrepreneurs think
— via Tech CrunchAnnouncements like Selina Finance’s $53 million raise and another $64.7 million raise the next day for a different banking startup spark enterprise artificial intelligence and fintech evangelists to rejoin the debate over how banks are stupid and need help or competition.
Amazon's new offerings make India centre of fintech push
— via ReutersAmazon.com Inc (AMZN.O) has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market.
FinTech Articles
Maxonrow is looking for blockchain experts and developers who can help fight COVID-19 and future pandemics by solidifying blockchain for healthcare solution. The platform is open, register your project by Sep.13th.
Vipps to reach beyond Norway with Visa distribution deal
— via FinextraNorwegian payments app Vipps is making a bid to break out of its home market through a strategic partnership with Visa.
Risky business
— via Fintech FuturesI got some good traction with my “The revolution will be regulated” piece so watch me push my luck, now. Because I am not quite done making my point.
The move will allow users to fund their accounts more quickly and therefore be able to react faster to invest in stocks and ETFs available on the Freetrade platform.
Revolut has opened its cryptocurrency services to Australian residents.
It's time to tie banks' business models to customer well-being
— via American BankerAmerica’s current financial system is essentially broken for the many working Americans who live on the edge financially. Mismatched incentives are at the heart of the problem.
Hong Kong’s days of ‘cash is king’ may be in peril as fears of Covid-19 infection boost digital payments
— via South China Morning PostThe outbreak has made people worry about touching cash, which has accelerated a shift towards digital payments, according to transaction data and Visa’s local boss
Where in the world is the fintech revolution taking place?
— via Value WalkEven if you’re not into knowing about the latest news from the start-up world and have no real interest in finance, when the two come together in the form of FinTech, it’s something that has the power to change your life even without you being aware of how it came about.
What is fintech?
— via BankrateThe term fintech might conjure futuristic ideas of the merging of traditional finances with technology. But fintech already likely holds a prominent place in your daily life.
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