Top Fintech News 2020 Week 11: coronavirus blockchain insurtech
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50+ Top Fintech News | 16-22 March 2020

Top Fintech News Curated by the Most Trusted Fintech Influencers Globally

Top fintech news daily from 16th to 22th March 2020 curated by the VisibleBanking.com team with the help of our global fintech community.

In this series, we are aiming to create the most relevant and insightful weekly fintech news with some of the best, most recent content worth sharing on social media.

The Challenge of Fintech News Curation

Unarguably, the biggest challenge on the likes of twitter is to cut through the noise.  Indeed, too many people, even some of my good friends recognised as top fintech influencers tend to share:

  1. the same articles several times (a good technique to maximise the visibility of your content)
  2. older articles (sometime outdated, usually still relevant)
  3. striking (highly shareable) infographics without sources

Consequently, it makes it rather challenging to flag the best, recent news and stories.

Top Fintech News: Methodology

We essentially spend most of our days scanning though the top articles on Google and monitoring the most relevant articles shared by the global fintech community on twitter and linkedin.

Last but not least, we proactively ask our fellow fintech influencers to recommend their top picks.

Global Top 100 Fintech Influencers Onalytica

Fintech News Daily: Contribute!

We invite you to help us by mentioning/tagging @Visible_banking on your top tweets and voting for your favourite article(s).  Additionally, please share your comments on any of those articles via the straight forward comment section available on every entry.

We moderate 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.

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Top Fintech News: Week #11

You will find our shortlist of the top fintech news between 16-22 March 2020 below, in no particular order.

#1 Revolut addresses WhatsApp rumours of financial difficulties

There has been a wealth of misinformation floating around about the ongoing coronavirus pandemic and it appears that the world of fintech has not been immune to fake news. Revolut put out a statement yesterday after rumours swirled on Twitter and Whatsapp that the digital bank had run into financial difficulty as a result of the virus.

Source: Altfi.com via VisibleBanking.com

submitted by Christophe Langlois

#2 Going Viral: Coping with #COVID19 – The New Normal

Across the globe, nations are grappling with a crisis brought on by the coronavirus COVID-19. With many schools and businesses closed, daily lives have been disrupted; in so many aspects, our regular lives have ground to a halt.

Source: IrishTechNews.ie

submitted by Christophe Langlois

#3 How AI Can Revolutionize Banking

AI brings the potential for disruption and transformation due to its ability to make decisions and take action much quicker than its human counterparts. It has been seen as a means of increasing productivity within a company and improving revenues through better customer engagements.

Source: thefinancialbrand.com

submitted by Christophe Langlois

#4 Top 10 blockchain companies in the world

The last 10 years has seen tremendous increase in the adoption of Blockchain applications. A few notable among them are...

Source: itsblockchain.com

submitted by Christophe Langlois

#5 Why VC-Backed Fintech Companies Can No Longer Move Fast And Break Things

An unfocussed blanket strategy is not efficient enough for the complexity of the global payments market and would have an impact on the profits that can be derived from each transaction. In order to be successful in an increasingly margin-thin market, fintech companies must instead solve vertical specific payment problems.

Source: Forbes.com

submitted by Christophe Langlois

#6 Top 10 African Women To Watch In Blockchain And Bitcoin

Paxful Launches A List Of Top 10 African Women To Watch In Blockchain And Bitcoin, In Line With International Women’s Month.

Source: Paxful.com via VisibleBanking.com

submitted by Christophe Langlois

#7 5 hurdles to insurtech success

We were asked recently to discuss issues that Insurtech companies face in becoming successful.  We came up with 5 things that stand between insurtechs and success.  Here they are but please note – your mileage may differ.

Source: coverager.com

submitted by Christophe Langlois

#8 FCA: UK Anti-Money Laundering Supervisors Gotta Up Their Game

The FCA’s Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has today (19 March) released its latest report on tackling money laundering over the past year.

Among the key findings are that the accountancy and legal professions have made “strong improvements” in their AML work. However, some professional body supervisors (PBSs) are “still lagging behind their peers and must continue to raise their standards further”.

Source: fintechdirect.net via VisibleBanking.com

submitted by Christophe Langlois

#9 Could the coronavirus crisis be a boon for digital banks?

Who’s better—digital or traditional banks—depends on what criteria is used to make the determination, and from which perspective (i.e., consumer segment) we’re looking at it from. But there’s a case to made for both sides of the coin.

Source: Forbes.com

submitted by Christophe Langlois

#10 Why Blockchain-Enabled Digital Ecosystems Are Vital To Your Digital Transformation

Blockchain is being used by leading organizations to aid in the adoption of digital ecosystems. While ecosystems have been in existence in some form or another for quite some time, digital changes all that. Digital ecosystems exceed the sum of their connections; they are complex, adaptive, learning and self-organizing.

Source: Forbes.com

submitted by Christophe Langlois

#11 n Southeast Asia’s Virtual Banking Race, Incumbents Might Have An Advantage

In Southeast Asia, the imminent entrance of virtual banks is set to shake up the banking industry. But despite the potential disruption these are expected to bring, incumbent banks have a lead in the digital banking race, according to a new report by S&P Global Market Intelligence.

Source: Fintechnews.sg

submitted by Christophe Langlois

#12 COVID19: first fintechs offering support to consumers and SMEs

Consumers and businesses are already facing challenges as COVID-19 spreads in the West. My three picks of Fintechs that are already offering some kind of relief.

Source: Youtube.com

submitted by Christophe Langlois

#13 Meet Ada Lovelace: Tandem Bank launches #AI push

Tandem Bank has a new core member of the team: it’s a cloud-powered analytics machine using artificial intelligence dubbed Ada.

Source: AltFi.com

submitted by Christophe Langlois

#14 Revolut Users Set to Hit 16Mn by 2021 Amidst Coronavirus Crisis

Data compiled by Finbold.com indicates that fintech start-up Revolut’s user base will hit 16 million by 2021. This growth represents an increase of about 36%. The growth will be fuelled by certain factors like expansion into other countries. Additionally, the Coronavirus crisis might play a significant role in this growth.

Source: businessleader.co.uk

submitted by Christophe Langlois

#16 How Starling, Revolut are disrupting our financial institutions

When Starling, Revolut, Monzo et al arrived on the scene about five years, our slumbering financial institutions were roused into drastic digitalization. But was it merely small change, or are they returning with interest?

Source: thedrum.com

submitted by Christophe Langlois

#17 Women Are The Key To Scaling Up AI And Data Science

Women are the key piece to the puzzle of realizing the highest maturity levels of digital enterprises, but unless we realize this, our progress in AI and technology will remain stagnant.

Source: Forbes.com

submitted by Christophe Langlois

#18 Podcast: When it comes to UHNW clients, generalization is the enemy

Many advisors aspire to serve the coveted group without really understanding their needs, wealth management marketing entrepreneur April Rudin says in an episode of Financial Planning’s Invest Podcast.

Source: financial-planning.com

submitted by Christophe Langlois

#19 Will fintech be TikTok famous?

Digital disruptors have so far stayed away from the latest social media craze but embraced Instagram and Facebook with gusto.

Source: altfi.com

submitted by Christophe Langlois

#20 Square Gets Limited Bank Charter by the FDIC for Merchant Lending

In a press release Square said the Federal Deposit Insurance Corp. voted to conditionally approve Square’s application and that it received charter approval from Utah Department of Financial Institutions. Square is aiming to launch a bank in 2021 called Square Financial Services.

Source: Forbes.com via VisibleBanking.com

submitted by Christophe Langlois

#21 Short term Coronavirus impact on insurtech investments

Coronavirus Impact on insurtech investments...a few thoughts from Erik Ross Nationwide , Christian Wiens and me on Carrier Management today

Source: linkedin.com

submitted by Christophe Langlois

#22 How Smart Contracts Can Build Trust and Revolutionise the Insurance Industry

In this research article, we argue that insurance products of the future will be transformed by the next generation of digital insurance contracts and risk transfer products. These ideas are similar to predictions offered below by Renat Khasanshyn, a co-founder of the decentralized insurance platform, Etherisc, and an industry leader on the intersection of insurance, smart contracts, cryptoeconomics, and more.

Source: chain.link

submitted by Christophe Langlois

#23 The rush to digitalisation post-pandemic

The global financial crisis of 2008 led to a huge wave of innovation with technology in finance. Will the pandemic do the same? I think it will. It will lead to less office work and office workers; less cash and physical exchange; and less thinking about how to pay and deal with each other; and simpler and easier exchange digitally.

That means that 2020 may be awful, but here’s to 2021 through 2029 when we see more technology innovation in finance than we’ve ever seen before. Here’s to next year.

Source: thefinanser.com

submitted by Christophe Langlois

#24 TechNation Report 2020: Investment in UK FinTech up 100% to £4Bn

In the space of a single year, we have shattered all records, with technology investment in the UK soaring by 44 per cent to over £10 billion - more than France and Germany combined. Britain is second in the world for fintech, with investment rising by over 100 per cent in the last year alone.

Source: technation.io

submitted by Christophe Langlois

#25 CBinsights Blockchain Report 2020

A review of the blockchain landscape, the coronavirus’ impact on crypto, and what’s in store for the rest of 2020.

Source: CBinsights.com via VisibleBanking.com

submitted by Christophe Langlois

#26 How the Coronavirus Is Already Rewriting the Future of Business

With COVID-19 cases growing worldwide, business leaders are scrambling to deal with a wide variety of problems, from slumping sales and stalling supply chains to keeping employees healthy and making sure they can continue working. We asked professors of Harvard Business School how the coronavirus pandemic is likely to change how companies do business.

Source: hbs.edu

submitted by Christophe Langlois

#28 The Russian Fintech sector is not ready for the coronavirus outbreak

submitted by Christophe Langlois

#29 How Fintech Can Help in Fight Against Coronavirus Spread in Africa

submitted by Christophe Langlois

#30 Top insurtech resources and influencers to follow in March 2020

#31 The Relationology of Future Banking

submitted by Christophe Langlois

#32 How Data Analytics and IoT are driving Insurtech growth

Data analysis and technologies like 5G and IoT are at the heart of digital transformation in the insurance and insurtech sectors.

Source: fintechmagazine.com via VisibleBanking.com

submitted by Christophe Langlois

#33 Big Opportunity for Reinsurers to Invest in Innovation and Startups

Startups such as Ukrain-based Panzly or the Israeli-based Acolto (Formerly Flyzen) and Flight Guard offer technologies and solutions that make nearly fully automatic flight insurance in cases of delays, cancellations and other changes.

Source: innovationmanagement.se

submitted by Christophe Langlois

#35 The Emergence of the Professional AI Risk Manager

#37 Rise of marketplace banking: Is anyone winning?

Source: e27.co

submitted by Christophe Langlois

#39 86400 CEO: OpenBanking Benefits Are More Than 2 Years Away

submitted by Christophe Langlois

#41 COVID-19 response and implications for banks

submitted by Christophe Langlois

#42 Will the GDPR frustrate Europe’s plans for AI?

submitted by Christophe Langlois

#43 China fighting COVID19 with tech. Alibaba shares results.

#44 Global Gender Gap Report 2020

Source: weforum.org

submitted by Christophe Langlois

#45 Fintechs getting a boost from coronavirus outbreak

submitted by Christophe Langlois

#46 The Future of Women in Tech

submitted by Christophe Langlois

#47 Q&A: Three keys to scaling AI in insurance

#48 REPORT How eKYC is Streamlining Digital Banking

submitted by Christophe Langlois

#50 Asking the right questions to modernizing the insurers’ technology Ecosystems

submitted by Christophe Langlois

#52 Top 10 Largest, Most Recent Fintech Acquisitions and M&As

#53 COVID19: Insurtech steps in to ease financial burden on freelancers

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What do you think?

Written by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.

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