Fintech News Issue #294 December 10th, 2020
Podcasts & Videos
a16z Podcast: The ‘Holy Grail’ of Social + Fintech
— via Andrehen HorowitzThe intersection of social and finance—as well as shifting attitudes around what we share about money online—have given way to an ambitious new wave of financial products.
Top Stories
Top 5 Banking And Fintech Trends For 2021
— via ForbesI’ve never been a big fan of “Year of the [fill-in-the-blank]” proclamations. Google the term “year of the customer” and you’ll find that every year for the past 15 years has been heralded as the year of the customer.
China’s top banking regulator questioned the power of the country’s large financial technology companies in areas from data privacy to market dominance.
Pandemic brings surge in business for Middle East’s fintechs
— via The Financial TimesSome of the world’s strictest lockdowns and restrictions were imposed across the Gulf states to combat coronavirus. They caused havoc across oil-reliant economies already hit by low crude prices.
FinTech Articles
The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange. It will also provide tokenization of securities and other assets, as well as bank-grade custody for digital assets.
PPP left many small businesses behind. Next stimulus cannot do the same.
— via American BankerAs legislators debate another coronavirus relief package, they must include three components: one stimulus directed toward small businesses, another for individuals and a third that makes bank regulation part of the solution, rather than part of the problem.
Fintech, regtech and the role of compliance 2021
— via ReutersThe year 2020 has been a year of digital transformation and acceleration to meet the challenges of the COVID-19 pandemic.
UBS CEO Ralph Hamers' Fintech Trends for 2021
— via FinewsThe Singapore Fintech Festival is currently discussing the hot new trends for the fintech business in 2021. UBS Chief Executive stayed in Switzerland, but he can be trusted to know where things are heading.
Brits still wary of trusting neobanks
— via FinextraDespite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest.
Revolut’s new acquiring solution lets firms install plug-in checkout software or build their own custom features to take card payments online.
Solactive, a German fintech, takes a $60.4M growth investment from Summit Partners
— via Tech CrunchGerman fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4m / €50 million minority investment from growth investor Summit Partners.
2020 is the year consumers, merchants, financial institutions and businesses alike learned to quickly adapt to new behaviors, procedures and mandates in response to COVID-19.
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