Top fintech news daily 2019 from 08-15 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: 08-15 September 2019
”Northmill has grown organically and laid a solid foundation with our current credit and insurance offerings to our 200,000 users. The most recent product, Rebilla Reduce, aims to lower people’s current interest rate on existing credits. By being able to operate as a bank, we have the tools to take the next step and drive true positive change for the users.” says Margareta Lindahl, Chairwoman of the Board at Northmill.
"Dubai International Financial Centre (DIFC) has been named the seventh best fintech location globally, highlighting Dubai’s efforts to support sustainable economic growth.
Dubai is the only financial centre in the Middle East, Africa and South Asia (MEASA) region to appear in the top 10 fintech Locations of the Future 2019/20 for Economic Potential index by fDi Intelligence - the Financial Times."
"For four years, Forbes has published its Fintech 50 list, highlighting the top private companies that are transforming finance through technology. (Here’s last year’s list.) From low-fee digital bank accounts to more inclusive loans, these startups are changing the way we store, access and send money across the globe. We’re updating the list for the fifth year, a months-long process that involves a team of ten reporters and editors"
"The Monetary Authority of Singapore’s Chief Fintech Officer Sopnendu Mohanty was appointed a digital and fintech advisor to India’s Odisha state, a recent report by Times of India confirms. In his role as an advisor, Odisha-born Sopnendu will enjoy the rank and status of a minister of state and will have a key role in preparation of annual budgets while working in coordination to the chief minister’s office."
"A new survey is released today by Innovate Finance, the industry body that represents the UK’s FinTech sector, has shown that finyech firms in the UK are getting on with business as usual, despite the ongoing uncertainty surrounding Brexit.
The survey provides insight to how the fastest-growing sector of the economy is preparing to exit from the European Union.
Key findings from the report show that 55% of the UK fintech community feels prepared to leave the EU with a transition period."
Source: Innovate Finance (via uktech.news)
"Australia passed a motion that's led to the establishment of a committee that will inquire and report on fintech and regtech opportunities, barriers, and future trends, according to the Financial Standard. The year-long review will evaluate how competitive Australia is in terms of fintech and regtech, and report back to the Senate in October 2020."
Source: Business Insider
"Eight financial technology start-ups, including companies from Hong Kong, Japan, Singapore and Germany, are looking to introduce innovation that could help revitalise the Asia-Pacific banking market through a programme backed by a dozen major institutions."
Source: South China Morning Post
"Xavier Gomez is founder & COO of INVYO, a SaaS company that uses machine learning and Natural Language Processing (NLP) to help financial institutions see tomorrow’s opportunities in Fintech. He is also Co-Editor-in-Chief at Invyo Insights powered by INVYO, a global provider of Fintech insights and analysis. As a banker, Xavier has been sharing his vision of the sector with industry pioneers over the past 18+ years."
"Bank ABC and Soul Machines, a New Zealand based deep science & technology company, announce that “Fatema,” a fully autonomous, AI-driven Digital Human, will be an integral part of the Bank’s customer experience. The ‘digital employee’ accumulates experiences, learns, and responds to customers individually through experiential learning, adding human-like intelligence to AI. Fatema uses an AI-powered Digital Brain to engage personally with customers and will work alongside Bank ABC’s mobile-only digital bank team to offer a multi-faceted, personalised customer experience."
Source: Bank ABC
"Caribou Honig is the co-founder and chairman of InsureTech Connect. In this episode of the Accenture Insurance Influencers podcast, he looks at the state of the industry, how a harebrained scheme became go-to insurtech conference—and why it’s time for start-ups to prove themselves."
Source: Accenture Insurance