This weeks issue is about three fintech innovations that create real value. Also, it deals with the question why fintech companies keep launching their own banking products. Our third top story this week is about the question how advances in fintech are helping financial advisors. These and a lot more topics keep you updated in the world of fintech - Max and the FinTech Weekly team
Today’s non-banks and new challenger banks lead innovation—and create what I call #REALVALUE—by taking a problem-solving approach to innovation.
While anyone could purchase a Certificate of Deposit (CD) that paid over 5% APY just a decade ago, the average rate for a 12-month CD is now just 0.59%.
Among independent advisory firms, 58% plan to invest in new technology this year, with the top reason being the hope to serve more clients.
The use of fintech products and services in Singapore has grown substantially in the past two years, though the country still lags China and India by a large margin.
Startups looking to expand the reach of financial services continue to receive a nod from investors.
Government support for the financial sector and financial technology (fintech) is huge, not only because of its size (global funding = $111.8 billion), but it is growing at an unprecedented rate, partially due to technology, and more specifically, an increase in access to mobile devices.
Biometrics, tokenisation and big data can cut bank fraud, but customers still need their wits about them.
A non-utility patent filed by Bank of America has Ripple fans in high spirits today.
Recently I ordered a pair of fancy reading glasses online from a national department store, and within hours someone used my credit card to buy gasoline near the company’s headquarters.
One of the discussions at the UN meetings was around SIDS, the Small Island Developing States[...]
Savings accounts that offer generous interest rates are emerging as a key battleground for financial upstarts.
Marriott's move to compete with Airbnb's platform-based business model should be a wake-up call for banks and credit unions to get serious about digital innovation.