Issue 46 · Dec 16, 2015 Weekly edition · 3 min read

Fintech News

This week's issue #46 is exciting. Are customers unimpressed by fintech? Brett King argues the death of bank products has been under-exaggerated and Michael Mellinghoff talked to us about the industry's state. Read the

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Breaking Banks: Innovation Inside Banks

The advantage of FinTechs is that they can usually respond to customer feedback and pivot quickly. They are considered more agile than big banks. But that doesn’t mean all innovation is happening outside the banks.

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In this issue · 12 items

2015: Time to Open Source Finance Another key development of 2015 has been the open sourcing of bank services. I’ve talked for a while now about Banking-as-a-Service (BaaS) – first blog entry almost seven years ago – and this forecast that anyone in the near future would be able to build their own bank through apps, APIs and analytics. Open story ↗ Forget the hype: Bank customers unimpressed by 'disruptive tech' The much hyped ‘digital disruption’ in the UK banking sector appears to be a non-event for the majority of consumers, who remain steadfastly unimpressed by noisy new entrants and new-fangled tech. Open story ↗ FinTech Podcast #036 – 10 Wünsche an Banken [german only] Wir haben heute einen besonderen Gast – Anno Lederer, Senior Partner der Saaman AG. Zuvor lange Jahre (bis Juni 2014) GF der GAD (37 Jahre im Verbund), dem RZ der Volks- und Raiffeisenbanken. Open story ↗ Michael Mellinghoff about the fintech and banking landscape We talked to Michael Mellinghoff, Managing Director at TechFluence. Being a longtime banking professional with several years of experience with FinTech startups, we asked him about some of the key questions in the industry at the moment. Open story ↗ The Death of Bank Products has been greatly under-exaggerated Since 2005 I’ve been predicting the decline of branch banking. For almost 10 years I fought bankers who decried my assessment that branches would cease to be the most important channel in banking, to be replaced by far more efficient mechanisms for revenue generation and relationship. Open story ↗ Fintech Innovators Unveils 2015 “Fintech 100″ List Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today announced the world’s leading fintech innovators, publishing its Fintech 100 list. Open story ↗ 2015 was the year of the blockchain Chris Skinner shares a simple summary of what blockchain and bitcoin are all about, and his thoughts about the apparent unveiling of Satoshi Nakamoto. Open story ↗ Three Barriers to Banking Innovation Three challenges stand in the way of banks and credit unions seeking to differentiate themselves in an increasingly competitive marketplace. To succeed with product, channel and customer experience innovation, these barriers must be addressed quickly. Open story ↗ The Lines That Divide FinTech Segments Are Blurring The financial services industry is in a flux right now; nobody has a clear-cut five-year strategy. I love this state of constant chaos and disruption as it will make us stronger as an industry in the long run. It will test the companies to the core and will jettison the waste. Open story ↗ Should Banks Build, Buy Or Borrow Innovation? MPD CEO Karen Webster spoke with Clark Khayat, executive vice president of KeyBank, and group head of commercial payments, and Ken Gavrity, who heads product and innovation for enterprise commercial payment at KeyBank, about the best ways to onboard innovation in all of its forms. Open story ↗ How banks should approach security in 2016 Over the past few years, data breaches have increased in frequency and size, making the need to protect sensitive information a top priority for businesses worldwide. Open story ↗ 7 Big Mistakes In Financial Marketing It may be easier and more fun to launch new initiatives, but going back to critically assess and adjust existing programs can be more rewarding, cost effective and ultimately more profitable than rolling out new ones. Open story ↗

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Breaking Banks: Innovation Inside Banks

Finance intelligence, minus the noise.

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