Top fintech news daily 2019 from 07-13 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.
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Fintech News Daily: 07-13 October 2019
PEOPLE: Helene Li, Anne Boden, Victoria Cleland, Kobi Bedelak
COMPANIES: B-HIVE, Tide, Starling, Bank of England, Next Insurance, Stripe, Flutterwave, Nutmeg, Insurtech Israel, Lloyds of London, Visa, Mastercard, Nubank, HSBC, Revolut
COUNTRIES: USA, UK, Germany, Hong Kong, Africa, Russia, CIS, Qatar, Indonesia, Brazil
CHANNELS: fintech, regtech, insurtech, wealthtech
"As the name of this Program indicates it, you will then visit 3 additional hubs spread over Europe where, again, 5 to 8 start-ups will welcome you. In total, you will get to meet 20+ start-ups and scale-ups, all active in the fields of AI, cybersecurity, regtech, insurtech and, of course, fintech."
"Fintech company Tide has raised £44.1m in its first round of Series B equity funding in a bid to increase its business banking market share. The company, which provides digital business banking, said its goal was to increase its business banking market share to 8 per cent by 2023."
Source: CITY A.M.
"When Anne Boden sat with an adviser at a high street bank in Maidenhead, opening an account to pay staff at her fledgling business – a brand new bank – he didn’t bat an eyelid. “If I’d said I wanted to start a new country I think he’d have just typed it in,” she laughs. “It was all dull routine and endless bureaucracy.”"
Source: The Telegraph
"Ahead of the IMF/World Bank meetings in Washington, Victoria Cleland, executive director for banking, payments and innovation at Bank of England (BoE), talks to The Banker’s Joy Macknight about how the BoE is modernising its payments infrastructure and the role central banks can play in fostering innovation."
Source: The Banker
"Flutterwave is a fintech company which is the key enabler of payments between companies in Africa. The tech company is originally from Nigeria and has offices in California. Earlier in 2019, Fast Company magazine listed the tech start-up among 10 innovative companies in Africa."
"RegTech is one of the fastest growing areas in FinTech innovation but can it deliver on its potential to improve service and customer protection? This panel will explore the latest innovation strategies developed by regulators to ensure it can truly benefit customers and businesses. Can regulatory risk be viewed as just another data issue to be solved by technology?"
Source: Innovate Finance
"Hong Kong’s financial services industry has raised concerns about the use of technology such as machine learning and artificial intelligence as part of regulatory compliance efforts, as these measures will have the effect of reducing the ability of these institutions to meet their accountability commitments, to customers as well as regulators."
Source: South China Morning Post