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.
Recent News
Cryptocurrencies and ICOs – A Rough Guide to Regulation
David Ramm, Jack Shawdon, Philip Stone
Over the past few years there has been a growing proliferation of cryptocurrencies. More recently, companies which may have limited... 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
Banking Reinvented: How Advanced Generative AI Models Are Shaping the Industry
Aayush Mittal
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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
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
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 - 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
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
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