Issue 113 · Apr 13, 2017 Weekly edition · 5 min read

FinTech News

The internet of things in finance, the fourth industrial age and options for banks narrowing down in terms of competing with fintechs. Whats more? Quite a few new FinTech Magazine articles by our great contributors.

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Internet of Things & Financial Services – The Future is Already Here

We are all familiar with taking a wrong turn or missing a turn altogether while driving and have the GPS navigation system holler at us about recalculating the distance and then suggesting an alternative route. Might that have sounded a little fanciful in the 1980s when people were still relying on printed maps to navigate?

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In this issue · 17 items

The Blockchain and Us [30min film] The Next Generation of the Internet The first 40 years of the Internet brought e-mail, social media, mobile applications, online shopping, Big Data, Open Data, cloud computing, and the Internet of Things. Information technology is at the heart of everything today—good and bad. Despite advances in privacy, security, and inclusion, one thing is still missing from the Internet: Trust. Enter the blockchain. Open story ↗ Opinion: AI and IoT are sweeping insurtech On the tnsurtech front, artificial intelligence – in combination with the Internet of Things – is where the money is these days. Open story ↗ Digital Finance Platform Innovation and the Effect on Lending Over the past few years, we've come to realize that lending is no longer constrained to the doors and floors of a bank. Now, with the power of digital platforms, we can lend and borrow through online companies at the swipe of a smartphone. This freedom has significantly impacted the lending and banking as industries, most notably the ability of individuals to obtain loan products. Open story ↗ The impact of AI on fintech's future Businesses are gradually understanding the importance and benefits of machine-learning technology. Self-made billionaire Mark Cuban has boldly claimed that the “the world’s first trillionaire will be an AI entrepreneur.” He goes on to say that faster computer processers and large data sets have the ability to push AI into a wealth of industries and services. Open story ↗ The Cloud “The cloud.” It’s part of the modern lexicon, but what is it, exactly? Open story ↗ Analytics in banking: Time to realize the value By establishing analytics as a true business discipline, banks can grasp the enormous potential. Open story ↗ How the Future of Work Will Impact Fintech Over the past decade or so, the workforce in the United States has been going through some major changes. One of the most significant of these changes has been the rise in popularity of freelancing. Open story ↗ Financial services, FinTech, augmented intelligence and the fourth Industrial Age Financial institutions are challenged with innovating a century-old service model. The metamorphosis has been slowed by the dual weight of digital transformation and the broader implications of ever-evolving customers. Open story ↗ Banking Options Narrow: Partner or Acquire Fintech Firms Rather than lose revenues, banking organizations are increasing their collaboration with fintech firms in addition to considering the use of corporate venture capital for purchasing financial start-ups. This comes at a time when returns on investment in innovation are being challenged. Open story ↗ API Innovation Coming From Inside and Outside Banking Banks and credit unions are evaluating the options of building new business solutions using open banking APIs. Innovation options are vast, with the decisions made today having a significant impact on future success. Open story ↗ The New Standards in Online Consumer Loan Applications As online consumer lending is becoming increasingly pervasive, demand grows for technology that enables consumers to access financial services from anywhere quickly and easily. Open story ↗ The Dark Secret at the Heart of AI No one really knows how the most advanced algorithms do what they do. That could be a problem. Open story ↗ Your Car Is Your Wallet: Connected Cars And The Future Of Fintech Imagine driving through toll booths, drive thru restaurants and gas stations without having to fiddle around with cash and coins. Open story ↗ Augmented reality in financial services A number of financial institutions have already adopted AR and the technology could potentially change the way we view the world. Open story ↗ How Digital Wallets and Mobile Payments Are Evolving and What It Means for You The digital wallet revolution has not have lived up to its expectations -- yet. According to Gallup, just 13 percent of smartphone owners have a digital wallet app, while the majority of those who do have an app (76 percent), rarely use it. Open story ↗ PwC: 'Fintech and financial services are competing less and coming together' PwC says the financial services establishment has moved from viewing fintech startups as an amusing aside to seeing them as crucial collaborators, with a huge proportion hoping to partner with new innovators in the future. Open story ↗ Emerging Cloud Trends in the Financial Sector: Cloud Adoption Soars, Yet Security Concerns Remain Today, financial institutions face two major challenges. First, the large volume of highly sensitive information they process, such as credit card data, Social Security numbers and personal identifiers, is highly attractive bait for attackers. Second, financial organizations in the U.S. are supervised by many agencies... Open story ↗

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Internet of Things & Financial Services – The Future is Already Here

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