Christophe Langlois
Top fintech news daily from 9th to 15th 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.
We invite you to check our dedicated AI news.
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:
- the same articles several times (a good technique to maximise the visibility of your content)
- older articles (sometime outdated, usually still relevant)
- 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.
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.
Top Fintech News: Week #10
You will find our shortlist of the top fintech news between 9-15 March 2020 below, in no particular order.
MENTIONS
PEOPLE: Theodora Lau, Helene Li, April Rudin, Spiros Margaris, Jim Marous, Alberto Garuccio, Xavier Gomez, Chris Skinner, Kunal Patel, Alberto Garuccio, Richard Turrin, Florian Graillot, Ron Shevlin, Efi Pylarinou, Mike de Waal
COMPANIES: YAPEAL, Ant Financial, Alipay, Celo, Libra, facebook, JP Morgan, Nonghyup Bank, Elrond
TOPICS: women in fintech, compliance, fintech influencers, Digital Transformation, coronavirus, sustainability, blockchain, cryptocurrency, CBDC
CHANNELS: fintech, regtech, wealthtech, insurtech, paytech
#1 2019 Women in Fintech Powerlist
The women in fintech powerlist 2019 by Innovate Finance recognises 200 influential women from 24 countries, all working in the broader fintech ecosystem.
Source: VisibleBanking.com
#2 2020 Tech Trends Report
406 strategic tech trends, which is up 28.8% from last year. We're not trying to overwhelm you! A broad view of tech trends is the best way to see around corners and spot emerging disruption. This is our most expansive and robust report yet.
Source: FutureTodayInstitute.com
#3 Over 40% privacy compliance tech will rely on AI in 3 years: Report
Over 40 per cent of privacy compliance technology will rely on artificial intelligence by 2023, up from the current 5 per cent.
Source: ETCIO.com
#4 Why Chinese Apps Become Super Apps
ByteDance’s Jinri Toutiao is becoming one of China’s many super apps, which include WeChat, Meituan and Grab.
Source: abacusnews.com
#5 UK Wealthtech Directory Features 447 Providers
The Wealth Mosaic, a knowledge resource for the wealth management sector, has released its first UK Wealth Technology Landscape Report, a directory-based guide to the UK wealth management sector’s technology and related solution providers.
Source: fintechnews.ch
#6 Banking of the Future: the New Decade
The impact of technology and data is going to be different in financial services because of the distinct aspects of this industry.
Source: internationalbanker.com
#7 UK Top 10 Fintech Influencers
Top 10 fintech influencers UK 2020 on twitter according to Onalytica.
Source: VisibleBanking.com
#8 The State of Fintech
Our State Of Fintech report features data-driven insights from our emerging tech insights platform. We take a look at global fintech investment trends in key financial verticals, partnership activity, public company earnings call transcripts, and overall deal funding across the world.
Source: CBInsights.com
#9 The Budget has Recognised the Potential of UK Fintech
We are at a crucial moment in fintech’s development. Our companies are now entering a phase of maturity that requires action to ensure that entrepreneurs can continue to establish and scale their businesses at home, and export their products and services internationally.
Source: City A.M.
#10 Interview Chris Skinner: Digital Transformation in Banking
Everyone is talking about this being a moment to switch to a cashless, cardless society. Just use contactless, urges the World Health Organisation. So, this might move us faster to a less cash, less card society, but the contactless piece amuses me because often when I use contactless, the terminal asks me for my PIN.
Source: irishtechnews.ie
#11 7 Technologies disrupting the Finance Industry
Most existing banking and related laws are based on outdated legacy systems of traditional companies that are not flexible and do not necessarily reflect the current financial ecosystem.
Source: ameinfo.com
#12 How Will the Coronavirus Impact the Fintech Ecosystem?
Here's how the entire financial ecosystem is being rocked as banks and credit unions around the world deal with the impact of COVID-19, and why it's more important than ever to make significant adjustments to your business model in light of the new competitive landscape.
Source: thefinancialbrand.com
#13 Top 5 terms tweeted in disruptive tech in February 2020
Fintech heads the Verdict list of the top five terms tweeted in disruptive tech in February 2020.
Source: verdict.co.uk
#14 Banking Must Provide Financial Relief in Times of Economic Stress
As the COVID-19 pandemic shuts down the world's economy, the financial consequences for consumers becomes more serious. People will expect their banks and credit unions to know them, to look out for them, and protect them from financial catastrophe. Are financial institutions ready to meet these unprecedented challenges?
Source: thefinancialbrand.com
#15 Switzerland Awards First Fintech Banking License to YAPEAL
YAPEAL has become the first financial institution in Switzerland to receive a fintech banking license. The new digital bank plans to challenge the traditional retail banking sector with personalised accounts tailored to individual clients.
Source: swissinfo.ch
#16 Mapped: Where are the World's Most Sustainable Companies?
The Global 100 ranks the world's most sustainable corporates across environmental, social and governance factors.
Source: visualcapitalist.com
#17 6 Cybersecurity Trends Worth Looking at in 2020
The cybersecurity market is booming as recent data from Markets&Markets reveals that investments in cybersecurity can reach $250 billion by 2023 with spending already rising higher in 2019 than in any other industry sector.
Source: dailyhodl.com
#18 Digital Bank Market to Top $578 Billion by 2027
The global neo and challenger bank market is projected to reach a valuation of approximately $578 billion by 2027, at a compounded annual growth rate of about 46.5% from 2019 to 2027.
Source: crowdfundinsider.com
#19 Wealth Managers Need More Relevant Marketing
Yet in the movement towards more customised marketing, the wealth management sector has been slower to adapt than other industries, relying instead on the one-size-fits-all approach that worked in the past, when clients were overwhelmingly older white men.
Source: linkedin.com
#20 Why Biometric Security is the Future
With nearly eight billion people on the planet — and more than half of them on internet — verifying who’s who is one of the great technological challenges of our time. To meet this challenge, Biometric security is rising to the occasion, buoyed by technological advancements and user-friendly experiences.
Source: visualcapitalist.com
#21 Ecosystems and platforms: How insurers can turn vision into reality
Today, insurers win by offering a product. Tomorrow, insurers will win by providing access to prevention and assistance services—and by offering the right product to the right customer at the right time.
Source: McKinsey.com
#22 The Future of Chatbots in Insurance
In our global assessment of business chatbots, we’ve identified the key elements for insurers to incorporate into these systems to successfully streamline the customer experience, reap cost savings and shift processes from reactive to proactive.
Source: cognizant.com
#23 Insurtech's major trends: 2015-2020
#24 3 insurtech trends to watch in 2020
FinTech breaks down some of the key technologies behind the digital transformation of the insurance industry, and explores the startups behind their rapid adoption.
Source: fintechmagazine.com
#25 How AI will improve CX in INSURANCE in 2020
By incorporating artificial intelligence into claims, inquiries, and other policy service processes, insurers can deliver more accurate information and streamline customer experiences.
Source: dig-in.com
#26 5 Learnings from 5 Years Investing in InsurTech
Given the rapid emergence of InsurTech and the threat posed by the big tech platforms, one may think that incumbent insurers would have reacted forcefully. However, this has not happened, and there still seems to be some sense of complacency.
Source: medium.com
#27 Contagion of Change
To ensure an equitable future in this digital era, we must ensure everyone has a chance to be part of this innovation economy - from education to technology development.
Source: linkedin.com
#28 Alipay to Support the Digital Transformation of 40Mn Service Providers in China
Alipay, the world's leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China.
Source: benzinga.com
#29 The Future of Work is Remote
Created to foster collaboration, innovation and evolution in the future of work, The 2020 Remote Work Report dissects the state of distributed work and surfaces key motivators for both employees and employers.
Source: gitlab.com
#30 The “Digital-First Enterprise” Will Be Half of the Economy by 2023
At its annual Directions conference, IDC said the "Digital Economy" has become an operational state, rather than just an aspiration. It predicts "digitally transformed" firms will account for more than half of global GDP by 2023.
Source: uk.pcmag.com
#31 The next Amazon and Google will come up from the blockchain space
Blockchain is certainly a buzzword right now, and there is no stopping the number of blockchain startups popping up all over Europe. One to watch is elrond, a team that is completely rethinking the public blockchain infrastructure.
Source: eu-startups.com
#32 If Tim Cook Won’t Tell The World How The #AppleCard Is Doing, I Will
In November 2019, Goldman Sachs reported via regulatory filings that—just six weeks after the Apple Card launched—it had issued roughly $10 billion in credit to card holders. The firm also reported that consumers with the new credit card had already run up $736 million in loan balances during the period.
Source: Forbes.com
#33 JP Morgan Perspectives: Blockchain, digital currency and cryptocurrency
While blockchain technology has not yet emerged into the mainstream, it has moved beyond experimentation and use in payments, with stock exchanges embracing the efficiency around settlement/clearing and collateral management.
Source: jpmorgan.com
#34 South Korea: Nonghyup Bank Introduces Digital Identities
Nonghyup Bank has rolled out a new "mobile employee ID" service that uses blockchain-based identification technology. Delivered in conjunction with SK Telecom the digital identities provide employees at Nonghyup Bank with direct control over their personal information in an effort to tighten security around the data.
Source: Forbes.com
#35 Bank of England Releases Discussion Paper on CBDCs
The Bank of England is seriously weighing the pros and cons of issuing a central bank digital currency denominated in pounds sterling. Britain’s central bank recognised that a digital pound could be destabilising for the current banking system. However, a digital currency could utilise the latest FinTech and make transactions easier and faster for consumers.
Source: cointelegraph.com
#36 Libra rival Celo launches 50-member Alliance For Prosperity
Launching today with over 50 partners, non-profit The Celo Foundation’s ‘Alliance For Prosperity’ offers a way for developers to build decentralized mobile apps that are based on Celo’s blockchain platform and USD stablecoin.
Source: techcrunch.com
#37 5 ways blockchain is set to transform the foundation of business
Blockchain is more than a concept or innovative idea when it comes to managing contracts. It has the potential to provide automation, efficiency, security, savings and protection.
Source: itproportal.com
