Fintech News Issue #287 October 22nd, 2020
Top Stories
Why Fintech is the Future of Banking?
— via Data Science CentralFinancial sector lacks technology products to reach every user wherever they are located. Today around 2.5 billion people (out of 7.8 billion world population) do not have access to financial services.
6 fintech trends that will redefine the future of finance
— via South China Morning PostTechnology expected to play pivotal role in helping 1.7 billion people around the world who still have no access to financial services
PayPal to open up network to cryptocurrencies
— via ReutersPayPal Holdings Inc PYPL.O said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
FinTech Articles
Digital Summit brings you 8 half day episodes, livestreaming twice a week throughout November. Hear from 100+ international speakers, take part in live chats and Q&As, and network with 2000+ attendees from wherever you are in the world. Each episode also be available to watch on-demand!
Fintech's Wildfire Fighter: This Reinsurer Is Using A.I. To Make California Insurance Affordable
— via ForbesThis year, California wildfires have torched 1.4 million acres, an area bigger than Connecticut. Nine thousand homes and other structures have burned.
Banks might be forced to charge millions of people to keep their bank accounts open. For fintechs fighting to break even, it could be fatal
Rich Data Spurs Intelligent Risk Transfer, Cuts Time To Recovery
— via Daily FintechIn the past few days, promising insurtech ventures competed for top honors, based on impact to the insurance landscape. Innovators were awarded in categories of underwriting platforms, analytics usage among others.
B2B fintech startups descend on Singapore
— via Nikkei AsiaCity-state lures foreign entrepreneurs with special visas and financial support
Ant Group continues to roll out blockchain-based platforms, announcing a way for content creators to protect their copyright on Thursday.
Visa Takes Stake in U.K. Fintech Global Processing Services
— via Barron'sTwo weeks after Mastercard invested in Marqeta, its archrival, Visa, has taken a stake in another fintech, Global Processing Services, or GPS.
U.S.-based crypto exchange Kraken is once more letting Japanese residents fund their accounts and trade crypto on its platform.
Visa Tap to Phone contactless payments programme goes global
— via FinextraVisa has launched its Tap to Phone technology, which enables Android handsets to be used for accepting NFC payments, in more than 15 markets, with the US to follow in 2021.
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