Fintech News Issue #269 May 28th, 2020
Top Stories
The next dance between incumbents and fintech startups
— via LinkedInAs the virus continued to spread, investors have pulled back, especially on early stage companies.
This mindset towards fintech will be irrevocably changed as the result of the Covid-19 crisis.
A new study shows a number of incumbents are catching up with digital banks on user experience.
FinTech Articles
The future of payments post-pandemic (free research report)
— via The FinanserDuring this quiet period of time, it’s a good time for reflection and I was lucky enough to be commissioned to produce some research on how European FinTech influencers see the future of payments post-pandemic.
Visa completes Request to Pay pilot trials
— via FinextraVisa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.
San Francisco-based cryptocurrency exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading.
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
India overtakes China in fintech funding in March quarter
— via liveMintStartups in the payments and lending sectors led the number of investments in India, whereas China’s deals were more in cross-sector fintech startups
WeChat Invests $70 Billion in Fintech, Including Blockchain and AI
— via CointelegraphTencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech.
Shopify is a Fintech - and Banks should take notice
— via LinkedInShopify announced a business debit card (Shopify Balance), a buy now / pay later option for consumers (Installments), and an AI powered fulfilment network for delivery of goods and integration with Facebook and Instagram for shops.
Fintech is Dead
— via MediumSomething weird has been happening recently. For a long time whenever someone said “post-crisis” it was obvious what they meant, they meant the period after the global financial crisis.
Special Episode: Catalysts in Small Business FinTech
— via Provoke.fmSmall Businesses are the lifeblood of the global economy, listen as Michael Abare- Principal Product Manager for Fusion Digital Banking at Malauzai, a Finastra Company explains how the Finastra ecosystem enables financial institutions to reach and assist more small business clients. Then for the second half, Jason Henrichs hosts Derik Sutton VP Marketing of Autobooks to learn how Autobooks has been able to free up more time for small businesses to take care of the more important things in life and the launch of their “Get Paid with Autobooks” initiative.
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