Issue 93 · Nov 18, 2016 Weekly edition · 4 min read

Fintech News

Welcome to issue #93 of FinTech Weekly. There are a few things special about this issue. **First of all**, **WE TURNED TWO YEARS TODAY!** That's right, 24 months of fintech news. Thanks to all newsletter subscribers and

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Fintech Investor Forum (November 24)

Fintech Investor Forum brings together 300 active FinTech investors, financial institutions and startup founders, so it’s a great opportunity to connect with people you want to meet to help your business grow, whatever stage you are at.

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In this issue · 17 items

An Investor's Opinion on Collaboration and Co-Creation Interview with João Freire de Andrade, Head of Venture Capital at BiG - Banco de Investimento Global who we met at the WebSummit 2016 in Lisbon last week. João talked to us about the Portuguese startups scene, investing in startups and how this will change banks. Open story ↗ Fintech startups bedding deeper into the banking value chain - McKinsey Open story ↗ How Fintech Is Dragging Banks to Blockchain and AI Fintech companies have now been provided with a great opportunity by the growing preference of millennials to accomplish tasks through digital applications. Open story ↗ "There is some real disruption mixed in with the noise" – Interview with Brett Myers We met Brett Myers, Co-Founder and CEO of leading P2P currency exchange service CurrencyFair to talk about Brexit, different types of customers and how banks are not negligent enough to fall behind in the long run. Open story ↗ Blockchain Capital Dries Up as Big FinTech Deals Decline Open story ↗ The Pulse of Fintech – Q3 2016 Both the number of deals and total value of VC investment in fintech dropped in Q3'16 Open story ↗ The future of insurance is Insurtech The insurance sector has entered a phase of profound transformation. Numerous Insurtech startups—around 1,000 according to Venture Scanner map—have popped up to challenge the traditional model by generating more than 16 billion dollars in the last year from insurance companies. Open story ↗ OK We Need to Innovate – But Where Do We Start? Community banks need to innovate. Most of us accept that. Too much is changing around us, too many other players are jumping on our turf. Regulators seem out to strangle us. And customers demand more and more. Open story ↗ Global fintech venture capital soars to $15.2bn as UK market swings back into action post-Brexit vote Open story ↗ Half of banking customers now using fintech A new report finds half of banking customers around the globe are now using financial technology products or services from at least one fintech firm, but customers also put much more trust in traditional financial institutions. Open story ↗ Six Ways FinTech Has Changed the Rules for 200 Million Financially Excluded Businesses While accessible consumer credit options have been widely expanded with financial technology startups to the extent of not being a major problem, accessible business credit is still a tough question. Open story ↗ European Commission sets up fintech task force Open story ↗ Why you don’t have to be a challenger bank to challenge the banks Even before the financial crisis, Government policy on the banking sector was clear: encouraging the launch of challenger banks, ministers argued, was the best way to ensure greater competition and higher standards, to the benefit of the industry’s customers. Open story ↗ Make Way for the Millennial Borrower Millennials represent a substantial opportunity for banks and credit unions that can move from traditional processes to digital engagement that appeals to this unique and growing segment. Open story ↗ Big Data and distributed ledgers key to beating financial crime - FCA chief A combination of Big Data analytics and distributed ledger technology could help financial institutions combat escalating levels of financial crime, says the chief executive of the UK's Financial Conduct Authority, Andrew Bailey. Open story ↗ Shrinking The Underbanked Population The World Bank estimates that two billion adults don’t have an account at a bank or other financial institution. They are the unbanked; outside the financial system. PwC puts the unmet deposit demand of the un(der)banked at $360 billion. Open story ↗ Can Bitcoin Redefine Democracy? In 2010, Laszlo Hanyecz convinced someone to accept the 10,000 Bitcoins he had mined in exchange for two pizzas. In those distant days, Hanyecz estimated that each Bitcoin his computer had earned through mining was worth a fraction of a cent. Open story ↗

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