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- older articles (sometime outdated, usually still relevant)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.
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.
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
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.