Fintech News Issue #158 March 8th, 2018

The next financial crisis cannot possibly be triggered by digital disruption. Or can it? Blockchain, after having gotten used to it, has revealed quite a few weak points and Amazon might be offering checking accounts soon. Enjoy another week of news from the ever-changing fintech industry. – Michael and the FinTech Weekly team

Top Stories

    According to global consulting firm McKinsey, the banking industry is facing significant threats from new digital competitors, and from consumer adoption of digital services overall. If financial institutions don't address these risks appropriately, they could suffer the kind of big blows to their balance sheets not seen since the worldwide financial crisis of 2008.

    Since advancement in the technology of Blockchain has been progressive since 2009, we’ve come a long way even though we are still in the infancy. Along the journey we have rendezvoused with the imperfections Blockchain comes with.

    Next Up for Amazon: Checking Accounts
    via The Wall Street Journal

    Online giant wants to develop product that would appeal to younger customers and those without bank accounts

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