Top fintech news daily 2019 from 26th August to 1st September curated by the VisibleBanking.com team with the help of our fintech community.
In this series, we aim to curate only the very best, most insightful fintech news from all over the world.
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Fintech News Daily: 26 August – 01 September
"The Digital Finance Forum (DFF), a network of the UK’s fintech founders, has published a study concluding that one in three UK fintech founders are optimistic about the country’s ability to retain its leading position in fintech in the next five years. Nearly two thirds of the respondents consider the UK to be the current world leader in fintech.
The study reveals a number of issues that fintech founders see as key challenges for their businesses and the sector, such as access to talent and capital, as well as Brexit uncertainty."
"Stories about innovation inside tech startups are the stuff of legends. But what work does a company that is much older, and larger, need to do to stay in the game? How does a bank that has been around for almost two centuries stay competitive in the highly regulated, yet fast-changing modern-day world of finance? In this easy-going, casually delivered talk, Jacques Celliers, CEO of FNB – the oldest bank in South Africa and still amongst the most innovative – takes us through the bank’s process."
Source: TEDx Talks
"A fintech firm sees huge potential in the Philippine market as more small businesses want to ride the economic boom. In this interview with #ANCEarlyEdition, First Circle expects fintech to go mainstream in the next 3 to 5 years as more small businesses tap fintech startups for funding."
Source: ANC 24/7
"Uber's financial services opportunity is in providing a wide of services to a relatively narrow segment of consumers--its drivers, not its passengers--whose banking needs are underserved today.
To build the financial services ecosystem required to provide these services might require the 100+ people that Uber intends to hire in New York, and having "bank workers" among those employees might be helpful, as well."