Christophe Langlois Top fintech news daily 2020 from 6th to 12th January 2020 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.
Please note that in 2020, we will publish a number of additional weekly updates like this one but dedicated to regtech, paytech and Insurtech.
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 2020: Week #2
This week our Visible Banking team curated over 150 articles on the topics mentioned above.
You will find our shortlist below.
#1 Citi’s investment bank plans to hire 2,500 coders this year
"Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the business."
Source: BankInnovation
#2 At $2.6 billion, investments in fintech doubled in 2019
"Despite a slowing consumption economy and an ailing financial sector, India’s fintech startups raised $2.6 billion in 2019, the highest ever in a calendar year."
Source: India Times
#3 The open banking movement is inspiring consumers to ask who owns their banking data
"Consumers can quickly move their money or invest through financial technology apps, or so-called fintech apps like Venmo and Robinhood. To do that, they needed access to data. That’s where Plaid comes in."
Source: CNBC
#4 A Review of Hong Kong’s Fintech Developments in 2019
"In the first half of 2019, Hong Kong fintech companies raised US$152 million, up 561% from the same period the previous year. As of May 2019, Hong Kong had four fintech unicorns with a combined valuation of US$8.5 billion, according to WHub’s Hong Kong Fintech White Paper."
Source: Fintech News HK
#5 Is Turkey Ready For Open Banking Ahead Of Its EU Counterparts?
"An interesting feature of the Turkish banking system is that while it implemented PSD1 and PSD2, it was not compelled to enact strong consumer authentication (SCA). At this point, the system still has not, as Turkey’s EU outsider status allows them to sidestep SCA for now."
Source: PAYMNTS
#6 How DBS Transformed its Culture to Become “The World’s Best Bank
As Chief Data and Transformation Officer of DBS, Paul Cobban shares how DBS realized, up against new fintech ventures and global tech giants, incremental change wasn’t enough. With help from Innosight, the bank set out to transform its culture into “a 27,000-person startup.”
Source: Innosight
#7 Monzo has 200,000 people using its salary advance feature
"After launching its salary advance feature in August of 2019, £687 million has been claimed early by 183,000 customers, with a quarter taking more than £1,000."
Source: TearSheet
#8 The Future of Banking Has Arrived
"At a time when the majority of the banking industry is trying to adjust business models to reflect a more digital ecosystem, several financial and non-financial organizations in China have already brought together big data, advanced analytics, modern digital technology and an innovation culture to deliver exceptional consumer experiences."
Source: The Financial Brand
#9 The banking tech trends that will dominate 2020
"While Facebook has launched its Libra digital currency project and Google has begun partnering with Citigroup on checking accounts, these appear to be just the tip of the iceberg. Banking by 2030 could look very different from today."
Source: American Banker
#10 The number of fintech enterprises continues to grow as FinTech Scotland Reaches its Second Birthday
"FinTech Scotland has confirmed that the number of innovative fintech SMEs based in Scotland has grown by over 60% from 72 to 119 over the last twelve months.
The announcement comes on the second anniversary since the formation of FinTech Scotland, a joint initiative by a number of financial services firms, University of Edinburgh, Scottish Government and Scottish Enterprise."
Source: Fintech Scotland
