FinTech News Issue #38 October 21st, 2015

Today, Jochen will not be present, but instead we invited Lars Markell, Roman Nikbin and Michael Maier to talk about the upcoming Bankathon in Frankfurt from 16.-18. November.

It is official- Millennials are now the biggest consumer generation. And digital natives have more options than ever before, and exercise their options to find the services that meet their needs the best.Today, Brett talks to Samantha Ghiotti of Anthemis, and Aldo de Jong of Claro Partners about their new tool “Always in Beta”

The fintech revolution is now firmly established, and disruptive technologies are blooming all across the sector. From securities to payments, everyone in the sector is watching to see how the next innovation will affect their business.

Verdict Financial senior analyst Daoud Fakhri answers questions about trends in retail banking, and how the landscape will change in 2016.

European regulators have issued a certain number of recommendations regarding the security of electronic payments. However, in terms of technology, the power is still is the hands of the users, as they are the ones to decide whether or not to use or adopt a given technology.

Almost half of UK 18-30-year olds have banked on a wearable device since the launch of the Apple Watch six months ago, according to figures from Intelligent Environments.

Outside of Europe — notably in the U.S. — there exists a consensus that digital payments are evolving more quickly than in other regions. But is that the reality?

Blockchain technology company Coinprism has released Openchain, an open source distributed ledger, targeting financial institutions. Here is a quick summary of the features of Openchain published in the press release.

For better or worse, the meteoric rise of ride-hailing giant Uber has become shorthand for startup success in America [...] Can companies like SoFi, Betterment and Wealthfront truly do to banking what Uber has done to the taxi industry?

Technology innovation seems to be moving at warp speed – but in the eyes of banking customers, it’s simply the speed of life.

Will financial services be able to leverage the vast amount of insight available from Internet of Things (IoT) technology for the benefit of the consumer as well as the institution? A report from Deloitte and insights from several banking leaders provides a glimpse into the future.

The era of “big data” is upon us, especially in the financial services industry where there is a wide range of products are delivered in a variety of channels and marketed through multiple media. Financial marketers have been caught a bit flat-footed regarding how to best capture, understand and utilize the rich and abundant data available to them, but are quickly making up ground.

Chris Skinner was invited to host the BAI Innovations Showcase last week, where 21 of the top solutions providers were invited to demonstrate their wares (soft and hard!). The audience voted throughout the afternoon for the firm they liked best.

A London-based startup that lets people open bank accounts anywhere in Europe on their smartphone in as little as 3 minutes has a waiting list of 56,000 potential customers.

The finance sector is increasingly affected by the presence of fintechs. But many of these finance start-ups do not really reinvent the banking business. What they do is adjusting it in a way that the customers can make better use of it. Berlin fintech company Bergfürst offers shares of young and growing companies to private investors and offers real estate investments since 2014.