Issue 95 · Dec 2, 2016 Weekly edition · 5 min read

Fintech News

...why banks don't understand their customers and what Ghandi would have thought about Bitcoin. Plus four Top Conferences happening in the first half of December - visit FinTech Weekly for discounted tickets.

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European Venture Summit 2016 (Dec 5-6)

The European Venture Summit 2016 is taking place in Dusseldorf on the 5-6 of December. EVS 2016 is the leading event for bringing together high-tech entrepreneurs, VCs, and corporate investors active in the European start-up scene.

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In this issue · 21 items

5 critical challenges facing credit unions around the ‘customer journey’ Mike Lawson chats to Rhonda Sheets from Support EXP about credit unions and the all-important customer journey. Open story ↗ Two thirds of European FinTech startups eye strong revenue growth Open story ↗ Why FinTech and Why Now? There is no denying that technological innovation is an evolutionary force in business, politics and even culture; in the industry of finance, it is driving capital, captivating attention and connecting us more efficiently to our institutions, to our communities and to each other. Open story ↗ New Competitors Forcing Banks to Reevaluate Innovation Strategies Innovation continues to be a strategic priority in the banking industry, with new business models emerging including partnerships with fintech startups. Open story ↗ Court Grants IRS Authority To Demand Identities Of Bitcoin Users At Coinbase Open story ↗ Fintech Connect Live (Dec 6-7) FinTech Connect Live, Europe’s most exciting, full eco-system fintech event, will be back – bigger, better and busier than before in London on December 6-7th 2016 150+ Exhibitors, 2500+ Attendees, 50%+ Start-Ups, 3 Dedicated Conferences Open story ↗ Mobile Payments Programs Are on the Rise Among Major Market Participants The payments industry around the world has been steadily rising as the hottest and most financially attractive segment within FinTech. Mobile payments, in particular, are on the verge of explosive growth and adoption in the coming years. Open story ↗ Banks Don’t Understand Their Customers As the banking industry responds to the "Age of the Individual", big data and advanced analytics will define the winners from the losers. It is more important than ever for banks, credit unions, insurers and wealth managers to deliver on the personalization promise. Open story ↗ Report: London is Still the Global Hub for FinTech; Singapore and New York Follow Open story ↗ impact '16 fintech/insurtech (Dec 7-8) This is the most content driven fintech congress in the Central Eastern Europe gathering the top industry innovators. Open story ↗ Blockchain Pros Debate 'Looming Challenges' for Smart Contracts Just because a repetitive job could be replaced with self-executing code on a blockchain, doesn't mean it should be. Open story ↗ There Is Only One Solution To The Bitcoin Scaling Debate The Bitcoin scaling debate goes on and on. The argument is not over whether Bitcoin should scale up. No, the question is how it should scale up. Open story ↗ Credit Card Giant MasterCard Files 4 New Blockchain Patents Open story ↗ Regulators and governments must co-operate on fintech Regulating the financial sector to manage risk is the collective job of our various Canadian regulators. However, the Canadian regulatory framework is an uneven, fragmented, divergent and overlapping patchwork when it comes to financial technology. Open story ↗ Banks adopt blockchain for mortgage valuation system Open story ↗ Top 3 reasons why Private Equity & Real Estate funds will need Fund Administrators in 2017 Fund Administrators are not currently as big a presence with Private Equity and Real Estate funds as they are with Hedge funds. But Private Equity and Real Estate funds should take note, because Fund Administrators are becoming increasingly critical to how they go to market. Open story ↗ What do retail customers want? I blogged the other day about too many banks and that there’s not a big enough market for forty of them here in Britain. It made me think about what do customers really want? We talk about digital, apps, mobile and more, and yet the average customer … are they bothered? Open story ↗ 10 Predictions for the Future of IoT A Google search for “Internet of Things” term reveals over 280,000,000 results, thanks to the media making the connection between the smart home wearable devices, and the connected automobile, IoT has begun to become part of the popular parlance. Open story ↗ The Road To Overcoming Data Overload You don’t need to be an actuary to notice the correlation between the growth of ecommerce and the evolution of online merchant-based payment fraud. Open story ↗ What would Gandhi have thought about Bitcoin? Bitcoin is anti-establishment. It is feared by most governments and banks. Yet Bitcoin is also a driver of innovation – which drives productivity and wealth creation which is what citizens want their governments to focus on. Most other governments have reached phase 3 in Gandhi’s famous quote in their attitude to Bitcoin: First they ignore you, then they laugh at you, then they fight you, then you win. Switzerland skipped the “then they fight you” phase – the country sees a win/win scenario. Open story ↗ New fintech segments are rising as alternative lenders regroup Alternative lenders have seen a dramatic reversal of fortunes in the last 12 months, while payments firms have reached maturity and we are seeing increasing consolidation in the market. Open story ↗

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European Venture Summit 2016 (Dec 5-6)

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