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
Aligning CRA Efforts Within the Changing Climate of Corporate Social Responsibility
Andrew Troup, Director, MicroEdge + Blackbaud
For almost 40 years, a key piece of banks’ social responsibility strategies has been related to the Community Reinvestment Act... Full Article
Cryptocurrencies Meets Retirement Investing – What You Need to Know
Raphael Vantroost, Auctus
Cryptocurrencies – digital currencies that are transparent and free from government interference, running on secure blockchain technology are growing in... Full Article
The Future of the Digital Bank
Ralf Reich, Shobhit Mathur
New technologies have shown to be a driving force behind new business cases. Most of the time, however, banks are... Full Article
What the Gig Economy Means for the Emerging Fintech Industry
Robin Smith
When thinking about the implications of the gig economy, all industries must take notice of its disruptive nature in order... 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 - 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
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
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