Fintech News Issue #284 October 1st, 2020
Top Stories
How Fintech Can Help The Financial Health Crisis
— via ForbesAccording to research from Cornerstone Advisors, roughly one in five Americans’ financial health situation is “dire.” Nearly half of the consumers in this segment can’t pay their bills on-time and in-full all of the time, and about three-quarters can’t make their loan payments every month.
In 2015, Nick Molnar was living with his parents in Sydney, Australia, and selling jewelry from a desktop computer in his childhood bedroom.
3 Fintech Opportunities For Entrepreneurs Beyond 2020
— via EntrepreneurThe financial services industry has seen severe disruption, but that has only opened opportunities for entrepreneurs to leverage technology to deliver services more efficiently.
FinTech Articles
4 'Must Watch' Megatrends in Wealth Management
— via Think AdvisorThe pandemic might have accelerated some of these moves, but the industry was already headed there.
Digital Transformation Demands a Culture of Innovation
— via The Financial BrandGenuine digital transformation of banking means reimagining, not just putting technology lipstick on a legacy pig. This means building a legacy culture that can move a financial institution from 'business as usual' to a competitive force in the marketplace.
When we caught up with Gusto last year, the small business payroll startup had just raised $200 million and was launching a new office in New York City.
Are our payment systems irrelevant?
— via The FinanserSWIFT, VISA, MasterCard and other regional and national systems like BACS, CHAPS, CHIPS, Fedwire and such like, were all created in the 1970s or thereabouts.
Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot
— via CoindeskAs the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains.
Amazon rolls out palm payment technology
— via FinextraAmazon has unveiled technology that lets shoppers at physical stores pay for their purchases by scanning the palm of their hands.
On Multiplayer Fintech
— via MediumOver the past decade, the desire to share and collaborate has fueled the rise of multiplayer software across many markets and industries: files, documents, design projects, software development, photo boards, and more.
Swift to move into low-value consumer payments market
— via FinextraInterbank messaging network Swift is to move into the low-value remittance market, providing member banks with the means to make instanteous transactions across borders for small and medium-sized companies and consumers
The Bitcoin Family: Still on the Road—After Three Years!
— via DecryptIn 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family?
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