Fintech News Issue #293 December 3rd, 2020
Top Stories
Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain.
What Mastercard’s fintech deals say about payments
— via DigFinMastercard’s slew of new Asian fintech partnerships illuminates how it is positioning itself in the region.
Why B2B Fintechs Will Change The World
— via Fintech CircleRevolut, Monzo and the endless stream of wallets, buy-now-pay-laters, loyalty, crypto and alternative payment methods have, in recent years, been defining monikers of fintech.
FinTech Articles
Why now is the time for financial services companies to spur innovation and the adoption to new technologies.
Say it to my face
— via Fintech FuturesEvery corporate under the sun claims that they have – and want – a feedback culture and everyone says they are open to – nay: welcome – constructive feedback.
Goldman Sachs invests in digital banking tech vendor Amount
— via FinextraDigital banking technology provider Amount has raised $81 million in a Series C funding round led by Goldman Sachs.
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
— via CoindeskA new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.
In consumer fintech, a lot of thought and emphasis goes into building solutions for financial inclusion (or financial literacy). This is the right problem for financial services to tackle.
Digital banking platform Solarisbank will enter a string of new European markets next year, CEO Roland Folz told Reuters on Monday, as it became the first German bank to shift its entire operation into the cloud.
Why Ethereum and Bitcoin Are Very Different Investments
— via CoindeskWith the long-anticipated arrival of phase 0 of the Ethereum 2.0 upgrade launching on Dec. 1, that could be the network’s native token, ether (ETH). But analysts say ether should be judged on its own merits and not as a bitcoin replacement.
Even with machine learning, human judgment still required in fintech sector
— via The Irish NewsA COMBINATION of recent events has seen a rapid acceleration in the adoption and incorporation of technologies by a wide range of firms and institutions in the global financial sector.
A Fintech Charter by Another Name
— via The Regulatory ReviewPicture your life without a bank account. Where would you store your money? How would you pay your bills? Who would give you a loan?
AI and ML have transformed the fintech landscape and going forward will have a more prominent role as products developed with new-age tech are more efficient, accurate and fulfil a customer’s needs better.
Recent News
The Future of the Digital Bank
Ralf Reich, Shobhit Mathur
New technologies have shown to be a driving force behind new business cases. Most of the time, however, banks are... Full Article
The role of blockchain in the Open Banking era
Jed Grant
PSD2 - the second Payment Services Directive - offers European consumers significant control over the use of their personal financial... Full Article
MiFID II Compliance: Putting Communication into Context
Robert Cruz
It is not hyperbole to say that the second Markets in Financial Instruments Directive (a.k.a. “MiFID II”) will have a... Full Article
What the Gig Economy Means for the Emerging Fintech Industry
Robin Smith
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