Fintech News Issue #163 April 12th, 2018

Plenty new ideas, strategies and best practices to make you a better self in this week's issue: why banks will be an ecosystem of services, how time is the most undervalued resource and how to overcome common cognitive biases to improve your innovative power. Also, the best fintech books you must read. Enjoy!

Top Stories

Top Events

    Hear from those forging new trails in payments, blockchain, lending, robo-advisors, insurance tech, real estate and more. In addition to attracting hundreds of FinTech entrepreneurs, this conference also plays host to the investors and service providers that help accelerate startups. The audience can also look forward to keynotes, panels and demo updates from some of the top FinTech startups in the world.

FinTech Articles

    Regtech solutions seemed to offer the solution to financial institutions' (FIs) compliance woes when they first came to prominence around 24 months ago, gaining support from regulators and investors alike.

    Just days after Facebook’s data scandal broke, Citibank announced its mobile app would provide financial guidance to anyone — even non-Citi customers — in exchange for their data.

    What was it like in 1993/4 when the web was new? Turns out the reaction at the time from luminaries was not far from today’s reaction to innovation in Fintech. A story…

    Top fintech books you must read
    via Fintech Switzerland

    From financial services, mobile banking, bitcoin and cybermoney, wealth management to insurtech trends and more, you’ll find various Fintech topics covered by popular Digital Finance and Fintech experts such as Brett King, Jonathan McMillan or Michael J. Casey in the list below.

    Most banks and credit unions are considering, or in the process of, converting their legacy systems. When selecting vendor partners for this transformation, it is important to ensure the end user experience is paramount in the final solution.

    Separated Entities “Thinking Together”

    Marcus by Goldman Sachs is only 2 years old, but is already showing the potential of a strong Banks + Fintech strategy. Using open banking APIs and aggressive acquisition of fintech start-ups, they are building a better digital banking customer experience. Is this the bank of the future model?

    I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much. I know that systems like Erica, short for Bank of AmErica, are up and running to make life easier, but hey google, pay my mate $50. Sorry, I meant Alexa, Siri, Cortana, whoever.

    Is Voice the Next UI?
    via The Globe and Mail

    As the titans dominate the smart speaker landscape, Theodora (Theo) Lau — Innovator Technologist and Connector at Unconventional Ventures — discusses what the future might look like for fintech, financial institutions and brands.

    With high-volume transactional data, historical insights, accessible computer power and new analytic tools, few industries are better suited for using artificial intelligence and machine learning than banking. Yet, few organizations have fully leveraged the many ways machine learning can improve back office operations or the consumer experience.

    I hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table.

    The debate about which is the best type of investment is as old as investing itself. While no market is “crash-proof,” real estate is traditionally viewed as one of the best and safest (if not the safest) investment options available, for several reasons.

    Bitcoin is often portrayed as an untraceable method of payment that facilitates illicit activities by enabling criminals to make and receive payments without being tracked. This depiction implies that users transacting in bitcoin can do so completely anonymously — that their identities will not be exposed. However, that is not necessarily the case.

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