FinTech News Issue #16 May 21st, 2015

The United Kingdom government has commissioned a study of the feasibility of UK banks giving customers the ability to share their transactional data with third parties via an open standard API.

Acclerator programme will offer support to start-ups in the payments space to take them from initial concept to market testing and design

The Chicago-based company makes trading software and execution solutions for futures traders across the world. But now Trading Technologies is putting in extra efforts to its education division, which makes software and curriculum specifically for colleges and universities in order to train the next generation of traders.

How Fintech Could Fumble: Silicon Valley has banks on their heels, but analyst Richard Magrann-Wells suggests that financial institutions may come out ahead in the end.

The election has delivered a more certain result than was expected in the pre-election polls, providing a huge opportunity for the incoming government to build on the solid foundations of the coalition government.

The world’s best fin-tech companies come from countries with a close collaboration between all parties, says Vladislav Solodkiy of Life.SREDA at the fin-tech event that took place in Singapore last week

London-based technology accelerator Startupbootcamp FinTech is looking to launch in New York, as part of its global expansion plans.

Luxembourg Finance Minister Pierre Gramegna on Wednesday commented that FinTech is the engine driving new financial services business models, promoting the Grand Duchy as a location for the burgeoning ICT sector.

Swiss fintech accelerator Fintech Fusion is calling for applications for its 12 month incubator programme, naming African mobile startups as a key interest.

Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore's FinTech accelerator program.

It’s Official – the FinTech Revolution has arrived, according to The Economist! Is this a defining moment? For many I suspect it will be – although to judge by the comments, some of them who clearly think that the trust that the banks squandered long ago is still in place, other who clearly see the old order as immutable, it will take something akin to a tsunami to re-shape their world-view away from what was to what is..

Retail banks are increasingly falling behind by tech-savvy competitors – such as the FinTech alternatives entering the market — which could cause serious threats to the future of traditional banks, suggests a new report by Oracle’s financial services unit.