Fintech News Issue #313 May 6th, 2021
Top Stories
Should Fintech Startups Hire Bankers?
— via ForbesThe war for talent in the fintech space raises a provocative question: Should fintech startups hire executives (and other employees) from traditional banks?
Visa announced a new partnership with Tala, a digital financial services provider in emerging markets, the goal of which is to provide easier access to cryptocurrencies for underbanked consumers, beginning with USD Coin (USDC), a stablecoin backed by the U.S. dollar and governed by the Centre Consortium. USDC is supported on Ethereum, Algorand, Solana and Stellar blockchains.
Fed Weighs Handing Fintechs More Access to Its Payments System
— via BloombergThe Federal Reserve is deciding whether to give financial-technology companies more direct access to its payment system after many of the upstarts swelled in popularity during the pandemic.
FinTech Articles
A one-stop destination for financial services: The future of the fintech industry
— via Financial ExpressWith such noteworthy progress, it is no surprise that customer expectations are also on the rise.
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result.
Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two consultation participants with an outline of the workshops it wanted to hold and its recommendations for an eventual framework.
Thriving in Financial Services with AI built on Trust
— via LinkedInMany of the issues surrounding artificial intelligence (AI) lie within unpredictability and trust.
For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.
In March 2020, I reported that there were 3.1 million Apple Card credit cardholders in the US (based on a January 2020 consumer survey from Cornerstone Advisors).
Are Banking C-Suites Prepared For A Digital Future?
— via The Financial BrandDigitally savvy leadership will define the winners (and losers) as banks and credit unions continue with their digital transformation efforts.
Canadian fintech Wealthsimple raises record $610m at $4bn valuation
— via Fintech FuturesThe investment, which marks one of the largest technology investments in Canada to date, is seven times the size of its last fundraise – which closed in October at just $87 million.
A Visual Explanation of Algorithmic Stablecoins
— via MediumStablecoin usage has exploded in the last year. And yet, fewer and fewer people seem to understand how these stablecoins actually work.
Recent News
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
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
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