FinTech News Issue #2 November 24th, 2014
FinTech Articles
Internet firms throwing down the gauntlet to the banking world. In sections of the financial industry there are many web- and data-based financial products and services that customers cannot obtain from either their bank or a similar provider.
Even though there is a standardised specification for EBICS, it is used differently across Europe for submission and for authorisation checks by the bank with regard to payment transaction orders.
André M. Bajorat compiled an overview of cooperations between german banks and FinTech startups.
Deutsche Bank AG is working on setting up joint innovation laboratories with technology firms IBM, Microsoft to improve its digital banking operations
With the goal to make the invoice friendlier and the payment easier for the customer Railslove re-designed the invoicing process and developed payme, a showcase for 1-click SEPA direct debits.
Snapchat is no longer just for sending disappearing messages. The company announced it was partnering with Square to allow its users to send money to each other with its new payments feature Snapcash.
Tech City News has selected its pick of startups from the Startupbootcamp fintech's first class.
BitPay and BitStraat are launching Amsterdam Bitcoin City, a project aiming to establish Amsterdam as the bitcoin capital of the world.
With no blockbuster fundings ($25 mil+), the weekly total of $75 million was the fourth-lowest since we began tracking August 1.
Whether financial services executives love or hate Bitcoin, experts say the digital currency's underlying technology will inevitably affect their businesses. And the next generation of consumers are driving this change.
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