Fintech News Daily 2019 30 September 06 October
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Fintech News Daily 2019: 30 September – 06 October

Top fintech news from the global financial services industry

Top fintech news daily 2019 from 30 September – 06 October 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.

We also invite you to check out our other series covering some of the most insightful and relevant fintech insights, new or slightly older, shared recently on twitter by trusted fintech influencers.

Fintech News Daily: Contribute!

We invite you to help us by submitting any article (in English) you believe is highly relevant and/or voting for your favourite article.  Last but not least, please share your comments on any of those articles via the straight forward comment section available on every entry.

We curate your submission, so please no self-promotion or vendor success stories here.  Alternatively, feel free to enquire for our sponsoring opportunities.

All published content and contributors will get visibility on this article as well as on our trusted and well-followed twitter account and Christophe’s LinkedIn profile.

Fintech News Daily: 30 September – 06 October 2019

#1 PayPal becomes first member to leave Facebook’s Libra Association

"U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group.

PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses."

Source: VentureBeat.com

submitted by Christophe Langlois

#2 UK fintechs compete for £1.5m open banking challenge prize pool

"More than 100 fintech firms have applied to take part in the UK's Open Up 2020 Challenge, which will see them compete to unlock the power of open banking and bag a share of a £1.5 million prize fund.

Run by Nesta Challenges in partnership with the official Open Banking Implementation Entity (OBIE), the competition is tasking fintech outfits to help Brits use Open Banking to make more of their money."

Source: Finextra.com

submitted by Christophe Langlois

#3 The Progress 1000: London’s most influential people 2019 – Business: Fintech & Banking

"Rajeev Misra  CEO of SoftBank and its Vision Fund | NEW This is the man to try and see at his Mayfair offices if you want funding for your start-up. He has the largest fund in town — a massive $100 billion — to invest in the best money-making ideas."

Source: Evening Standard

submitted by Christophe Langlois

#4 ACCC invites companies to test open banking data sharing

"The Australian Competition and Consumer Commission has announced seeking participants to help it test the data-sharing ecosystem under the Consumer Data Right.  

The ACCC (Australian Competition and Consumer Commission) is inviting interested parties to become accredited data recipients in the CDR (Consumer Data Right) ecosystem from February 2020."

Source: The Paypers

submitted by Christophe Langlois

#5 Carrefour Brasil buys 49% stake in Brazilian fintech

"Carrefour Brasil said on Tuesday its subsidiary has agreed to buy a 49% stake in Brazilian fintech Ewally Tecnologia e Serviços S.A. for an undisclosed amount, as part of plans to offer digital checking accounts to its customers."

Source: reuters

submitted by Christophe Langlois

#6 Movencorp patents its personal finance technology

"The patent is called Methods and Apparatus for Promoting Financial Behavioral Change. Movencorp’s technology includes a digital feedback communication loop that shows consumers where they are spending their money and how their behavior may have changed. Users also see an overall assessment of where they have spent money, how much they have spent within the past month and how it compares with past spending behavior. It includes a color-coded wheel with green, yellow and red to depict whether customers are overspending."

Source: bankinnovation.net

submitted by Christophe Langlois

#7 81% of banks would collaborate with fintech partners to execute digital transformation

"At EBAday 2019, hosted by Finextra in association with the EBA, it was revealed that 81% of banking executives would collaborate with partners to execute digital transformation most effectively."

Source: finextra

submitted by Christophe Langlois

#8 11:YEARS – The Rise of UK Fintech | Full Documentary

"11:YEARS - The Rise of UK Fintech is a documentary that explores how the UK created a thriving fintech ecosystem from the ashes of the 2008 financial crisis. Hear from the founders and CEOs of the UK’s biggest fintechs such as Monzo, Starling, Revolut, OakNorth, as well as leaders from the FCA, Bank of England, and more. "

Source: 11FS

submitted by Christophe Langlois

#9 Barriers to Partnership with Rita Yates, CEO of InsurTech Australia

"In our latest episode of the Insurance 2.0 series, we have our first guest from over the ditch - Rita Yates, CEO of InsurTech Australia.We discuss barriers to insurtech and insurer partnership and ways to overcome such barriers."

Source: JRNY

submitted by Christophe Langlois

#10 Report: Over 500 Fintech Firms Now Operating in Brazil, Up from 377 in 2018

"Brazil’s Fintech industry has been growing steadily with most local companies focusing on providing B2B services, according to a recent study.

There are at least 504 Fintech firms based in Brazil across 10 different segments. Last year, there were only 377 Fintech companies operating in the South American country, according to data from Finnovation, a local website that keeps track of financial technology developments."

Source: CrowdfundInsider

submitted by Christophe Langlois

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What do you think?

Written by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.

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