Fintech News Issue #296 December 24th, 2020
Top Stories
Three predictions for FinTech Infrastructure in 2021
— via MediumMany small businesses who tried to apply for a Paycheck Protection Program loan during the early days of the pandemic can tell you what a nightmare it was. I know, because it happened to my mother.
The future of fintech is female
— via RaconteurFintech may have shaken up the financial landscape, but in terms of diversity, there remains much to be done. Four leading women in the world of fintech share their views
7 FinTechs Fueling Financial Inclusion
— via ForbesTraditional banking historically targets the rich. Banks compete for their business and profit off their balances and transactions.
FinTech Articles
A Year in Fintech in 50 Words
— via Andreesen HorowitzThis year, as “every company becomes a fintech company,” fintech surged into mainstream consciousness. The fallout from COVID-19 crippled the economy, depressed small businesses, and scrambled many people’s financial outlooks. But it also fueled a wave of innovation as fintech companies rose to the challenge.
Citi builds fintech marketplace
— via FinextraCiti is building a marketplace of third party fintech apps, signing data access agreements to customer-approved accounts with eight startups and data aggregators.
China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday.
What is Really New in Fintech
— via IMF BlogThe financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit.
Fintech in 2021: Embedded Finance, Sustainability and more
— via FinextraaFintech, along with the rest of the world, has had an extraordinary 2020. Major scandals have rocked the industry, but at the same we’ve marked significant advances that will help to point the way to a better future of finance.
This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000.
What are VCs looking for in fintechs?
— via RaconteurCan investors see potential just by looking fintech founders in the eyes? Here’s what three of the world’s leading venture capital firms think
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.
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