Fintech News Issue #84 September 7th, 2016

Here comes FinTech Weekly #84. The past week was packed with insightful articles from the industry. What's more? IoT, insurtech and AI. Also check out the new version of our iOS app. We added some features and improved overall performance. Thank you! – Michael and the FinTech Weekly team

FinTech Weekly Service

    We improved our app for you. A tutorial screen allows you to toggle push notifications on and off and you can subscribe to the email newsletter through the app. Overall stability improved. Download the app now. Thanks to our friend Christop Jerolimov (Twitter: @jerolimov).

Top Stories

    There is an interesting term describing a certain type of relationship between FinTech and banks called ‘rent-a-charter’ – a model when banks backstop or formally provide services behind FinTech websites. With the evolving relationships between startups and institutional players, this has become an often cited scenario, especially in lending, bringing certain scrutiny for everyone involved.

    Consumers and businesses alike will often consider a company’s reputation before entering an agreement with them. After all, why would anyone choose an organisation which has history of letting its customers down, over another with a spotless track record?

    It is not news here, or anywhere else, but bankers and fintech entrepreneurs are from different planets. They are just wired differently.

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