Top fintech news daily 2019 from 23-29 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: 23-29 September 2019
"According to a Reuters report on Sept. 26, stocks of China’s fintech firms have seen a notable surge this year amid investors’ anticipation of China’s launch of its own digital currency as well as the demand it would generate for security and payment services."
"Traveloka, Southeast Asia’s largest online travel startup, is getting into financial services. The startup backed by Expedia Group Inc. and JD.com Inc. will issue a credit card with Indonesia’s PT Bank Rakyat Indonesia Persero Tbk linked to its booking services. The travel app is targeting many users across the Indonesian archipelago who have little or no access to traditional banking or reliable internet. You've reac"
"JPMorgan Chase & Co is investing $25 million to support fintech start-ups that help low-income Americans be more financially healthy, bank executives said on Tuesday.
JPMorgan’s head of global philanthropy Karen Keogh said the investment in the Financial Solutions Lab will help early-stage fintech companies products that could help people in communities like Harlem."
"A Census of UK fintech firms by EY and Innovate Finance has found that the sector has continued to attract rising levels of investment despite global economic uncertainty, although major challenges lie ahead in talent recruitment and gender diversity."
"Discussions in the media around the emergence of AI in the banking industry range from the topic of automation and its potential to cut countless jobs to startup acquisitions. In this article we set out to study the AI applications and innovations at the top banks"
"American Express (Amex) on Monday announced its plans to launch a new open banking product in the fourth quarter of this year, for its UK customers.
The service is expected to enable customers to quickly and securely pay for goods and services online and on the go, directly from their bank account. “Pay with Bank transfer” will be a real-time payment option available to current account holders at UK banks, regardless of whether they are American Express card members, as per a statement."
Source: IBS intelligence
"A large source of uncertainty around Brexit surrounds the implications associated with changes in access to talent and skills. Will FinTech survive or thrive? Partner at DLA Piper, Martin Bartlam, and Janine Hirt, COO at Innovate Finance, discuss the importance of maintaining a strong pipeline of talent to feed the industry. "
Source: DLA Piper