Issue 35 · Oct 7, 2015 Weekly edition · 4 min read

FinTech News

Welcome to another issue of FinTech Weekly. This week's top news feature mobile banking accounts for immigrants and expats and the first of three parts of our favorite utopia - the cashless economy. Moreover, we provide

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Breaking Banks - Bitcoin, P2P, and Millennials

It is official- Millennials are now the biggest consumer generation. And digital natives have more options than ever before, and exercise their options to find the services that meet their needs the best. Today, Brett talks to Samantha Ghiotti of Anthemis, and Aldo de Jong of Claro Partners about their new tool "Always in Beta", which explains the approach that banks need to take to reform their culture and systems in the 21st century.

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In this issue · 11 items

Future Technology Shifts Impact All Facets of Banking Digital connectivity of everyone to everything, anywhere, and at any time – and the ability to analyze and use this data in all aspects of daily life – provides opportunity and challenges. Open story ↗ Journey Towards Cashless Economy Part 1 The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in (the author believes it has elements that can stand true for any economy that intends to go cashless) Journey towards a cashless society (India as a example). Open story ↗ FinTech Podcast #028a – News This week, we welcome a guest again: Steffen Blumröder from BITKOM, who already talked to us in Podcast 19. After a brief recap, we originally wanted to talk about topics of regulation concerning fintech. Unfortunately, we experienced some technical problems, which is why we need to postpone this part to next week. Open story ↗ The Fintech Boom: Should You Trust Silicon Valley With Your Money? They say that actors really want to direct, and directors really want to act. We’re starting to see a similar grass-is-greener yearning in two of America’s most powerful industries. These days, banks want to become technology firms, and technology firms want to become banks. Open story ↗ Monese Launches In U.K. To Let Immigrants And Expats Get A Mobile Banking Account Beyond the hyperbole that loyally follows fintech in the U.K. (and elsewhere in Europe), the country’s banking sector is on the verge of facing some genuine disruption. That includes the trio of ‘challenger banks’ making headlines — Mondo, Starling, and Atom — but there are other startups looking to take a significant slice of the banking pie. Open story ↗ What are Banks Doing With Blockchain Technology? If you are wondering why there is so much buzz around blockchain and what the banks are doing with it, then this is the right place. Open story ↗ Banks Turn to 'Spark' Technology to Crunch Big Data For several years big data has been nearly synonymous with Hadoop, a relatively inexpensive way to store huge amounts of data on commodity servers. But recently banks have started using an alternative called Spark, with its promise of faster speeds and ability to handle diverse data types. Open story ↗ 14 banks looking at bitcoin and blockchain, ranked by how much they 'get it' When bitcoin first emerged banks didn't want anything to do with it. But a few years down the line and pretty much all of them are looking at it. Open story ↗ The Limits of Disruption in Banking Banking is changing fast — but perhaps not fast enough. Open story ↗ Asia at the epicentre of the digital banking shakeup JUST as the worst effects of the financial crisis ebb, banks are facing a new challenge. Digital ‘disruptors,’ such as new startups and technology firms, are threatening traditional revenue streams by eating away at different parts of the banking and financial industry value chain. Open story ↗ Why the future of fintech (and financial services) is collaborative The UK is fast becoming one of the world’s leading fintech centres. So it was fitting that, last week, investors, consultants, multinationals, startups and entrepreneurs gathered in London’s East End for FinTech Week 2015: an event where attendees could share ideas, network and, most importantly, do business together. Open story ↗

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Breaking Banks - Bitcoin, P2P, and Millennials

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