Fintech News Issue #301 January 28th, 2021
Top Stories
Top Data Trends Banks and Credit Unions Must Brace For
— via The Financial BrandThe proliferation of data, rising consumer expectations for personalized experiences and the vast potential of AI and other data tools make data management crucial for financial institution success.
Visa Teams With Fintech TransferWise in Debit Card Expansion
— via Barron'sJust a week since calling off its $5.3 billion acquisition of Plaid, Visa is moving on.
How Consumers Are Actually Using Fintech Apps [Research Report]
— via Fintech Business WeeklyThe reality is that consumers’ financial lives are anything but clearly delineated. This is especially true in the low/moderate income (LMI) and income volatile segments that many consumer fintechs target as customers who are “winnable” from incumbent financial institutions.
FinTech Articles
FCA calls on banks to halt branch closures during lockdown
— via FinextraThe Financial Conduct Authority is asking the UK's banks to reconsider branch closures during the Coronavirus lockdown.
2021 predictions in Fintech from Standard Chartered
— via FinextraLucy Demery, Global Head of Fintech Banking, Standard Chartered, speaks about embedded finance, digital assets infrastructure, and green finance for the future.
While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion.
Fintechs use rule-making pause to fight cryptocurrency proposal
— via Roll CallFinancial technology firms are fighting a Treasury Department anti-crime proposal that would require them to gather much more information about their customers’ use of cryptocurrencies.
Fintech regulation to watch out for in 2021
— via AltFiA look at what we might see from regulators in the UK over the next 12 months.
SaaS startup studio eFounders launches a fintech startup studio
— via Tech CruncheFounders is expanding its focus by creating a second startup studio called Logic Founders. This time, Logic Founders is going to focus on fintech startups exclusively. Camille Tyan (pictured above) is going to lead the new studio.
Artificial Intelligence and Robotization in FinTech
— via Priem CapitalIn modern financial technologies, robotization should be highlighted as one of the developing directions.
Plaid is launching FinRise, a nine-month incubator for early-stage fintech founders from underrepresented backgrounds.
How fintech and serial founders drove African pre-seed investing to new heights in 2020
— via Tech CrunchWhen Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria.
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