Fintech News Issue #91 October 26th, 2016
Top Stories
How banks are failing to uphold their end of the bargain
— by Andrew Sharpe...and what that means for their future.
One of the most consistent findings being reported on banking and fintech is the lack of trust that millennials have in their bank.
Technology and the future of non-bank financing
— by Gregory KeoughNow technology is transforming the financial services landscape for the unbanked and the underbanked.
The Bank of Me: Why Banks Must Be Totally Customer Centric
— by Lars HolmquistThe rapid rise in digital channels creates opportunities for banking providers to develop more meaningful relationships with consumers by using data to optimize the experience.
FinTech Articles
Is customer loyalty dead in banking?
— by Banking TechIn an age of increasingly high consumer expectations, driven by ever increasing customer choice, the term “customer experience” has become more than a simple buzzword. Used as a key brand differentiator for all types of industries, it has emerged as a crucial tool in driving customer loyalty in the long-term.
Business strategies – especially in the tradition sense – are rather pushy. If you have a product, your strategy is to explain why a customer should use it.
In the financial services industry, blockchain looms as a large but distant and somewhat mysterious presence. A few forward-thinking bankers take it seriously and are trying to figure out how to turn it to their own advantage. Everyone else has heard about it, knows little about it, and is taking a wait-and-see approach.
Consumer access to financial data has become a hot topic of late—and with good reason. U.S. consumers are embracing a proliferation of digital financial services, spanning everything from alternative lending to automated investing.
The future of fintech, from technology to use cases
— by Devie MohanDevie Mohan returned to Sibos this year to ask technology and banking leaders what they thought about the progress of fintech since 2015.
Can Fintech Prevent The Next Financial Crisis?
— by Nikolai KuznetsovOne could argue that we are living in a period of renaissance when it comes to developing new financial technologies.
Swift Fights to Stay Relevant in A Blockchain World
— by Michael del CastilloCan Swift stay relevant in a world of blockchain?
Swift, founded in 1973 with the aim of standardizing how cross-border payments are sent, is the epitome of a middleman. It sits between many of the banks worldwide, making money off the fees it charges when its members sent transactions between one another.
Watson and financial regulation – It knows their methods
— by The EconomistNew banking rules baffle humans; can machines do better?
A Lower Block Time Could Help Bitcoin Scale, But Will It Work?
— by Alyssa HertigA small tweak to bitcoin could have a big impact.
This has been the central point of contention in bitcoin's "block size debate", a long-running dispute over whether to lift a hardcoded limit on the amount of data that can be included in each block of transactions.
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Explore Meetups
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FinTech Meetup Europe - Tallinn
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Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More