Christophe Langlois Top fintech news daily 2020 from 13th to 19th 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 occasionally publish a number of additional weekly updates like this one but dedicated to regtech, paytech and Insurtech.
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 #3
This week our Visible Banking team curated over 350 articles on the topics mentioned above.
You will find our shortlist below.
MENTIONS
PEOPLE: Hironori Kamezawa, Jack Ma, Jim Marous, Steven Beck, Tony Gallippi
COMPANIES: Alibaba, Amazon, Apple, Asian Development Bank, Chime, Goldman Sachs, Grab, ICICI, JP Morgan, Microsoft, Monzo, MUFG, N26, Nubank, Plaid, RBC, Tez, Visa, Yodlee
COUNTRIES: USA, UK, India, China, Canada, Japan, Brazil
CHANNELS: fintech, regtech, banktech, wealthtech
#1 Investors Poured Record $18.5B Into AI Firms as Tech Transforms Society
"Last year, 1,356 AI-related startups in the U.S. raised a record $18.5 billion, according to the National Venture Capital Association. That was more than the $16.8 billion raised by 1,281 companies a year earlier."
Source: Karma
#2 New Report Sheds Light on Booming Challenger Bank Market
"According to FT Partners’ newly released The Rise of Challenger Banks: Are the Apps Taking Over? research paper, Brazil’s Nubank is currently the world’s biggest challenger bank counting some 15 million users, and the world’s most well-funded challenger bank having raised US$906 million."
Source: Fintech News Switzerland
#3 Visa to Pay $5.3 Billion for Fintech Startup
"Plaid will help expand its access to financial-technology firms while accelerating its movement outside of cards, Visa CEO says"
Source: The Wall Street Journal
#4 What’s Next for AI in Financial Services in 2020? The 5 Top Trends
"Right now, banking, capital markets, and insurance businesses are finding new uses for artificial intelligence. AI is helping to transform and keep ahead of a number of critical vectors, including customer experience, regulatory compliance, new markets and business models, and security. It’s no longer a “nice to have” innovation technology, it’s becoming a CX-level imperative."
Source: Microsoft
#5 UAE could save $3 billion through blockchain implementation: Report
"The United Arab Emirates could save 11 billion dirhams (US$3 billion) by adopting blockchain technology, as it would reduce the time and resources required to process transactions, according to a new study."
Source: CIO.com
#6 Is AI the top technology trend for 2020? An Asian Development Bank Trade perspective for the next decade
"We heard from Steven Beck, Head of Trade Finance at the Asian Development Bank, giving his musings on 2019, a year of uncertainty in trade, and what 2020 might bring for trade and supply chain in Asia."
Source: Trade Finance Global
#7 Fintech brands dominate the ‘breakout finance apps’ of 2019
"Names like Nubank, Tez, the Cash App, PayPay and Monzo stole the title of ‘breakout finance apps’ of 2019, after achieving hyper-growth last year. The ranking, collated by App Annie, looked at year-on-year growth of Apple and Android app downloads and found that traditional banking players were ceding ground to these upstarts."
Source: AltFi
#8 Shanghai government hands out policies and incentives to attract investments and talent in five-year fintech hub master plan
"Shanghai’s municipal government has set a five-year goal to develop and nurture fintech research and innovation in China’s premier commercial hub, introducing a slew of incentives and policies to attract hi-tech companies and talent to turbocharge its drive."
Source: South China Morning Post
#9 15 Blockchain Questions That Will Make You Look Smart
"If you have been exploring blockchains and distributed ledger technology (DLT), you know it’s a noisy and confusing space. As with any early tech, very smart people disagree about what the future will look like. Fueled by open source tools, innovation has dispersed and accelerated to a pace at which no organization on their own can keep up."
Source: Forbes
#10 ICICI Bank launches portal with nearly 250 APIs
"ICICI Bank, the multinational banking and financial services company headquartered in Mumbai, has opened an online marketplace – ‘ICICI Bank API Banking portal’ – comprising nearly 250 APIs (application programming interfaces) for third party developers to connect to and communicate with the bank’s applications."
Source: The Global Treasurer
