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.
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.
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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.
"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
"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."
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.”
"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
"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