Fintech News Issue #221 June 13th, 2019

This weeks issue is about Ubers latest fintech push. Another theme is the fintech leaders who are calling for regulations to foster a cashless society and why fintech is more than just startups. Enjoy the latest issue of FinTech Weekly and feel updated with the latest news from the world of fintech - Max and the FinTech Weekly Team.

Top Stories

    Mobility giant Uber is looking to accelerate the creation of financial products with a new fintech outpost in New York, according to people with knowledge of the plan.

    A necessary step toward a cashless society is having an open conversation about the future of money, including how to comply with different laws and regulatory changes in different countries, said Charles Hoskinson, founder of a blockchain development startup Input Output Hong Kong, or IOHK.

    Awareness of fintech options among digitally active consumers is nearly universal, new study finds. While the fintech industry is still challenging banks and credit unions to up their game, it also is increasingly blending with incumbents into 'fintech ecosystems.' Challengers and challenged may both be threatened by big non-financial companies like Amazon.

FinTech Articles

    If I had a nickel for every bank exec that told me their institution pursues a “fast-follower" strategy when it comes to fintech, I’d be on the Forbes Richest People list.

    FUKUOKA (Reuters) - International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system.

    London has more fintech unicorns than San Francisco and any other European city, according to a new study.

    When we hear or read of failure, we usually remember our hard times or even some painful situations. Our unconscious fear of fatality raises in our minds....

    Fintech start-up Revolut launched its app in Australia on Thursday, marking its first expansion outside of Europe.

    When it comes to fintech, the centre of the world is not the USA or the UK or Europe, it’s Africa. This is something that African tech-sector entrepreneurs such as Mzi Khumalo, Sibusiso Shabalala, and Segun Adeyemi know all too well.

    Used correctly, direct mail and digital communications make the perfect pair for Fintech companies. They complement each other, and both have unique strengths. That’s in part why direct mail is enjoying a resurgence in general and a surge in Fintech, with increasing numbers of companies looking to integrate direct mail into their marketing platforms.

    Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American population with smartphones hit 61%, and LAVCA predicts it will reach 76% by 2025.

Podcasts & Videos

    Financial Fitness
    via Breaking Banks

    Losing weight is simple– we all need to move more and eat less, yet weight loss is a $9 billion a year industry. What lessons can we apply to financial fitness? JP Nicols hosts Ron Shevlin, Cornerstone Advisors, sharing why Americans need a Fitbit of Banking. Moven CMO Karen Morgan talks their success in nudging consumers towards more responsible financial habits, and Jim Marous from the Digital Banking Report weighs in with his latest research.

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