Fintech News Issue #88 October 5th, 2016

Hacking a bank is serious business. This is true in terms of hacking as an illegal activity aimed at getting unauthorized access to data and information. Hacking a bank with the institution supporting the action is another matter. And it is a completely wonderful experience.

I’m always blogging about replacing core systems, open source the bank, change the leadership to one that gets it and just do it. I’m saying it so much that I’m finding myself boring. So let’s change tack. Who’s the vendor?

As digital transformation continues across all industries, the need for an increasing number of passwords is becoming problematic. Financial institutions need to investigate acceptable alternatives that balance security and simplicity.

LEND360 is the premier conference that connects every angle of the online lending industry. From consumer, small business and marketplace lenders to service providers, including credit bureaus, payment processors and advertising/marketing companies, the entire ecosystem of the online lending spectrum is represented at LEND360. At Chicago Marriott Magnificent Mile, Chicago, USA

Where platforms and investors come to learn, network and do business

MRC Atlanta brings the world’s top fraud, payments and risk experts together to learn, share, create, connect and play unlike any other event. Focused exclusively on merchants, attendees have the opportunity to participate in panel discussions, general sessions, networking events and so much more. What are you waiting for?

The wave of fintech disruption sweeping through the financial services industry is approaching a critical phase. Launched at our Buttonwood event in October 2015, Finance Disrupted will explore what the digital revolution means for finance and the broader economy. Visit our YouTube channel for clips of the discussion.

What does the future of FinTech hold? What are the consequences of Brexit? A search for answers.

Last week the multilingual Swiss of Geneva bid au revoir and aufedersein to nearly 10,000 bankers. The attendees of Sibos left knowing just how much technological change is facing the banking industry.

In modern tech-influenced retail, there are only three moments that matter and all of them have been redefined by financial technology companies. While mobile has been steadily taking over the traditional retail business model, startups working with various aspects of online shopping have been shaping customer experience in search, choice and payments for products.

FinTech is experiencing substantial growth worldwide. With substantial investments developing each year, FinTech is becoming more and more prominent.

You want proof that the banking business is becoming more of a technology business? Here's a statistic.

Jeff Gido, Goldman Sachs’s Global Head of Fintech, recently spoke about the evolution of fintech and why he believes the coming “third wave” of innovation will drive the long-term change that people have been predicting.

Odysseas Papadimitriou, CEO of D.C.'s WalletHub, gives his four predictions for fintech's future.

European banks are desperately trying to find ways to save money in these straitened times. ING, a major Dutch lender, announced this week that it plans to save €900 million ($1 billion) a year by cutting 5,800 jobs as part of a “digital transformation.” A further 1,200 employees will have their jobs changed or moved.

Blockchain technology could bring an "economic revolution" in many developing countries where proving ownership of assets or getting access to capital is difficult, Virgin Group founder and billionaire entrepreneur Richard Branson said on Monday.