Fintech News Issue #295 December 17th, 2020
Top Stories
Our favourite fintech apps of 2020
— via altFiTeam AltFi may have spent most of 2020 in lockdown... but we also downloaded quite a few apps.
The Big Ideas Fintech Will Tackle in 2021
— via Andreesen HorowitzThe reason PPP has fallen short and many stimulus checks went unsent this year is that, when it comes to money, there is no direct connection between consumers and government.
Collaboration Is The New Competition In FinTech
— via ForbesNearly every industry had to pivot, in multiple ways, to adapt to the challenges brought on by 2020.
FinTech Articles
IBM to Acquire Fintech Expertus
— via The Motley FoolThe deal bolsters IBM's payments-as-a-service offerings.
FinTech and the Risks of Terrorist Financing in Indonesia
— via The DiplomatNew financial technologies hold out great benefits to developing nations, but they also come with considerable risks.
Lydia raises another $86 million to build a European financial super app
— via Tech CrunchFrench fintech startup Lydia has extended its Series B round. Accel is leading the extension with all major existing shareholders also participating.
SEC fines Robinhood $65m over trade dealings
— via FinExtraAccording to the SEC’s order, between 2015 and late 2018, Robinhood made misleading statements in customer communications about its largest revenue source - payments from trading firms in exchange for Robinhood sending its customer orders to those firms for execution.
Could Amazon start a bank? The FDIC has opened the door.
— via Chicago TribuneAmazon.com, Facebook, Walmart and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator is smoothing the path for nonbanks to get into lending.
Blockchain Bites: Bitcoin Crushes All-Time High, Surges Above $20K; ‘Free Ross’ Movement Gains Trump’s Ear
— via CoindeskIt’s a good day to be a bitcoiner. The top cryptocurrency by market cap officially crossed the $20,000 level, according to CoinDesk’s Bitcoin Price Index.
GoCardless raises another $95M as it bets on open banking alongside its recurring payments network
— via Tech CrunchGoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has raised $95 million in Series F funding.
The Big Banks Positioned to Ride Bitcoin’s Bull Run
— via CoinDeskTraditional banks are now taking the plunge and coming out with crypto-related services. The shift coincides with bitcoin’s price hitting all-time highs in December.
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