Fintech News Issue #293 December 3rd, 2020
Top Stories
Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain.
What Mastercard’s fintech deals say about payments
— via DigFinMastercard’s slew of new Asian fintech partnerships illuminates how it is positioning itself in the region.
Why B2B Fintechs Will Change The World
— via Fintech CircleRevolut, Monzo and the endless stream of wallets, buy-now-pay-laters, loyalty, crypto and alternative payment methods have, in recent years, been defining monikers of fintech.
FinTech Articles
Why now is the time for financial services companies to spur innovation and the adoption to new technologies.
Say it to my face
— via Fintech FuturesEvery corporate under the sun claims that they have – and want – a feedback culture and everyone says they are open to – nay: welcome – constructive feedback.
Goldman Sachs invests in digital banking tech vendor Amount
— via FinextraDigital banking technology provider Amount has raised $81 million in a Series C funding round led by Goldman Sachs.
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
— via CoindeskA new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.
In consumer fintech, a lot of thought and emphasis goes into building solutions for financial inclusion (or financial literacy). This is the right problem for financial services to tackle.
Digital banking platform Solarisbank will enter a string of new European markets next year, CEO Roland Folz told Reuters on Monday, as it became the first German bank to shift its entire operation into the cloud.
Why Ethereum and Bitcoin Are Very Different Investments
— via CoindeskWith the long-anticipated arrival of phase 0 of the Ethereum 2.0 upgrade launching on Dec. 1, that could be the network’s native token, ether (ETH). But analysts say ether should be judged on its own merits and not as a bitcoin replacement.
Even with machine learning, human judgment still required in fintech sector
— via The Irish NewsA COMBINATION of recent events has seen a rapid acceleration in the adoption and incorporation of technologies by a wide range of firms and institutions in the global financial sector.
A Fintech Charter by Another Name
— via The Regulatory ReviewPicture your life without a bank account. Where would you store your money? How would you pay your bills? Who would give you a loan?
AI and ML have transformed the fintech landscape and going forward will have a more prominent role as products developed with new-age tech are more efficient, accurate and fulfil a customer’s needs better.
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
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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
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FinTech Meetup Europe - Tallinn
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Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More