Issue 94 · Nov 23, 2016 Weekly edition · 4 min read

Fintech News

This week: Banks stealing ideas from fintechs, where we are heading in the next few years and which changes fintech will undergo as it matures. Conferences? Check! More great articles? Check! Podcasts and Videos? Check!

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In this issue · 19 items

FinTech Made in Switzerland (2016) The film features digitization experts who have a Switzerland-specific angle on FinTech, which gives a glimpse into how the traditional bankers' nation is coming to terms with technological change and plans to catch up in FinTech. Open story ↗ Fintech ideas that banks are already stealing FINANCIAL technology (Fintech) is really catching on, and last week, Singapore just hosted the biggest Fintech convention in the world. Amid the expected rah-rah, there were a fair number of banking executives who were walking around with shark-eyes. Open story ↗ The biggest threat to banks? Legacy systems, not fintech In 2012, Bruno Iksil, a trader known as the “London Whale,” lost $6.2-billion for JP Morgan. While the underlying reasons why are complicated, one of the contributing causes was that the bank’s value at risk was being manually calculated through spreadsheets. Open story ↗ London tops fintech index for second straight year Open story ↗ The big story of 2020 will be financial inclusion Lee Vecchione, Director, Cash Management Corporates Sales, Deutsche Bank, discusses how an increasingly positive regulatory environment and banks’ embracing of the sector are driving US fintech growth, the excitement for cash managers about the intersection of fintech segments payments and marketplaces, and how the fintech scene will look by 2020. Open story ↗ Mobile Payment Systemss & Security (Nov 28 - Dec 1) Join Mobile Payment Systems & Security in Singapore – Protect applications, infrastructure, devices & cloud services against threats & hackers Thanks to big moves by Apple, Samsung, Google and others, the world of mobile payments is rapidly evolving. Open story ↗ What's Next for Fintech? Thus far, growth in the Fintech sector has been exponential, but that has largely been the result of many years of under-development and a general absence of regulatory hurdles. Open story ↗ The Open Mobile Summit 2016 (November 29-30) The Biggest B2C Mobile Event in America for Mobile Product, UX/Design and Mobile Marketing Executives. Digital product, mobile marketing, UX and Design executives will meet at the Open Mobile Summit on November 29-30 in San Francisco. Open story ↗ Bracing for seven critical changes as fintech matures The fintech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviors. Open story ↗ Berlin startup Cashboard raises €3 million as German fintech momentum continues Open story ↗ There's No Such Thing as a 'Good' Megabank Giant financial conglomerates were at the epicenter of the global financial crisis. The U.S., United Kingdom and European Union provided more than $10 trillion of capital infusions, guarantees and emergency loans to stabilize their financial systems and rescue failing megabanks. Open story ↗ iiFintech Symposium & Awards (December 1) The iiFintech Symposium and Awards honors the winners of Institutional Investor’s Tech 50, Fintech Finance 35 and Trading Technology 40 annual rankings. Join us on December 1st in New York City. Open story ↗ Scaling a challenger bank from the back to the front Challenger banks start from a pretty grim position – most of them don’t have any customers. So how are they scaling? Well, whatever they do, it’s important they consider the word scale from both a backend operational perspective and a frontend on-boarding perspective. Open story ↗ Insurtech firms point the way to major changes in the insurance industry with their Internet of Things offerings The innovative insurance solutions that start-ups are building around the Internet of Things (IoT) show the huge potential of this important technology. They also indicate how insurers will need to change to become successful in future. Open story ↗ Blockchain technologies could transform government services With the current election season sparking yet another conversation about how government can better monitor our elections and deliver secure services, emerging blockchain technologies may provide a solution. Open story ↗ [Infographic] What makes Fintech Important? An infographic stating ten reasons why fintech is important. Open story ↗ Fintech's Remedy for Brexit Pain Brexit has dented the attraction of fintech start-ups in Europe.Investors are reining back their spending in the face of possible barriers to the single market and to hiring top engineering talent. Open story ↗ Leveraging Data to Drive Personalized Experiences in Banking One of marketers’ favorite buzzwords these days is the “consumer journey.” With more ways for consumers to engage than ever before, people can now interact with brands on their own terms and at their convenience. In other words, they chart their own journey. Open story ↗ Should Fintech Startups Seek Success Lower in the Stack? Payments company Dwolla recently surprised much of the fintech world by announcing it was stepping back from the consumer business to focus on its B2B, API-based model. Or maybe it wasn’t so surprising. Open story ↗

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