Issue 117 · May 11, 2017 Weekly edition · 4 min read

Fintech News

Enjoy the next fintech news roundup. Everything in one spot!

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5th Annual Retail Banking Forum (June 1-2, Berlin)

Grab one of the last seats and learn more about the future payments technologies, get an insight into the main trends in digitization, potential of Artificial Intelligence. Meet top-level decision makers from Raiffeisen Bank, UniCredit, Bank of England and other prestigious institutions. SPECIAL DISCOUNT CODE: fintechweekly2017.

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In this issue · 14 items

Why financial advisers shouldn’t view robo advisers as a threat Marketwatch — What does the future hold for financial and robo advisers? Open story ↗ Banking and the Internet of Things On this episode of the BAI Banking Strategies podcast, we're joined by Chris Skinner, international FinTech expert and author. Chris talks about the latest revolutions from the Internet of Things (IoT), with particular focus on how these technologies are shaking up the banking world. Open story ↗ Machine Learning will Eat the Insurance World riskgenius — “Software will eat the world.” Marc Andreessen said this famously in a Wall Street Journal article. Of course, he is right. Software changed almost every aspect of industry and business forever. Open story ↗ Why the AI hype cycle won’t end anytime soon Venturebeat — By now, we’ve all heard the hype around AI. According to Google Trends, only 5 percent of the U.S. population searched for information about artificial intelligence in 2012. In 2017, that figure has jumped to an estimated 60 percent. Open story ↗ Facial Recognition in Payments: Evolution Let's Talk Payments — Imagine wearing a device like the Google Glass (now defunct), loaded with software that could recognize each and every object as you pass along the street or inside your home or office. Add humans to the list of objects and things get interesting. Add payments to it and things get a bit wobbly and your head dizzy. Open story ↗ CXFS – Customer Experience for Financial Services (July 17-19, Boston) Join us this summer for the next annual CXFS conference, an event specifically created for the financial services sector that pay special attention to balancing cx and compliance and connecting cx to business outcomes. Exclusive discount code: CXFS17FINTECH Open story ↗ Bitcoin isn’t a currency; it’s a religion The Finanser — I’ve regularly got into confrontations with digital currency people, especially those who are believers in bitcoin, by saying things they don’t like to hear. First it was my comment that you can’t have money without government. They believe the currency is beyond control because it exists on a global network. Open story ↗ The Only Thing that Will Matter For Robo Advisors Medium — Predictably, robo advisors have begun a race to zero, as lower fees are the only differentiator readily understood by the majority of clients. The winners of this race will be the ‘Big Four’ major fund companies... Open story ↗ The bank of the future: A (digital) financial mall American Banker — Assume for a moment that most of the services legacy financial companies provide today could get competed away as innovators extend reach and scale across the landscape of financial products. Open story ↗ Machine Learning, Deep Learning, and AI: What’s the Difference? datanami — You hear a lot of different terms bandied about these days when it comes to new data processing techniques. One person says they’re using machine learning, while another calls it artificial intelligence. Open story ↗ Regulating Fintech: five key steps to sustainable growth FinTech Weekly Magazine — Ronald Reagan once succinctly summarized the US government’s view on regulation the following way: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”. Taking the UK as an example, financial technology is worth c.GBP7billion and employs around 60,000 people - safe to say, the sector is on a roll. Open story ↗ 7 Things to Consider Before Launching a Fintech Startup New businesses, especially in an emerging industry such as fintech, require careful planning and thought. Open story ↗ The real promise of regulatory technology The future of banking is algorithmic. Bringing together big data and predictive analytics is already enabling financial service providers to make better real-time decisions on loans and other products, with a more flexible, customer-centric user experience. Open story ↗ MiFID II Compliance: Putting Communication into Context FinTech Weekly Magazine — It is not hyperbole to say that the second Markets in Financial Instruments Directive (a.k.a. “MiFID II”) will have a profound impact on the operations of financial institutions that distribute and trade financial instruments in the EU. Open story ↗

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