Issue 90 · Oct 26, 2016 Weekly edition · 3 min read

Fintech News

Here is your weekly fintech roundup – we've made it 90 weeks in a row. Enjoy the latest news!

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The bank of the future will be invisible - KPMG

By 2030, technology will have made banks and banking invisible to customers, hidden by Siri-like personal assistants that cull data from our connected lives to fulfil daily personal and financial obligations, claims KPMG.

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In this issue · 13 items

Customer value drives changes in payments Gene Neyer, Industry & Regulatory, Global Payments, D+H, talks about how ISO 20022, PSD2 and real-time are coming together to transform the payments landscape, and the growing recognition that collaboration is needed to deliver value to customers in the payments landscape. Open story ↗ Putting the "Investor" Back into "Investor Relations" for Alternative Investments Private funds are the fastest growing category of investments, with estimates of current assets reaching $10T, and projected to grow to $18T by 2020. As the economy has recovered from the Great Recession, more and more investors have entered into alternative investments. Open story ↗ Money20/20 (Oct 23-26) The World's Largest Payments & Financial Services Innovation Event. Discount Voucher available via FTW. Open story ↗ Fintech adoption vs fintech culture – challenges for banking innovation Dimitri Anagnostopoulos explores the “stumbling blocks on the path to change” when it comes to generating and implementing ideas that help innovation flourish. Open story ↗ An industry matured: highlights from Mobey Day 2016 Sirpa Nordlund, Executive Director, Mobey Forum, shares key takeaways from the international association’s Mobey Day banking and fintech conference, held in Barcelona last week. Open story ↗ Will Bots Save or Create Work for Banks? Yes Large banks all over the world are piloting the use of robotic process automation, also known as bots, and getting results. But the efficiency gains have come at a cost. Open story ↗ Survey On Consumer Attitudes Toward Fintech Spells Trouble For Banks As financial technology (or “fintech”) has begun encroaching on the territory of financial services, offering consumers new ways to pay, borrow, invest and more, few surveys have looked at consumer attitudes toward the growing sector. Open story ↗ Technology Is an Answer to the Problem of Financial Exclusion With around 2 billion people around the world not having access to formal financial services and certain catastrophic events in the Middle East have led to millions becoming undocumented migrants (there are >232 million undocumented migrants internationally), the matter of financial inclusion has become one of the most important goals and responsibilities for innovative companies working with financial technology. Open story ↗ We need a sustainable cadence with fintech Leda Glyptis, Director, Sapient, talks about how emerging technologies are driving evolution in the fintech climate, and how financial institutions are reacting. Open story ↗ Getting rid of cash could have some pretty weird effects on our bodies Harvard economist Ken Rogoff has a long list of reasons he's anti-cash. He says many countries should get rid of most paper money in favor of electronic payments. Open story ↗ 3 Ways Fintech Has Improved the Customer Experience in Banking There is potential for more and more interactions to be enriched by fintech, benefiting banks and customers alike. Open story ↗ Making Banking Intimate: Fintech and the Customer Experience Banking has come a long way from its roots in 2000 BC when merchants were using grain as currency for loans. Open story ↗ Blockchain & back office: a revolutionary change or not? Blockchain has been hailed as a disruptive force capable of revolutionising the banking sector. While this may be the case to some extent, the impact may be overstated when it comes to wider back office operations, argues Paul Westgate, product manager at Linedata. Open story ↗

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The bank of the future will be invisible - KPMG

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