Issue 121 · Jun 8, 2017 Weekly edition · 4 min read

Fintech News

Today, it's mostly about the banks. What they can and should do, what successful digital innovators in banking have done and what fintechs have failed to do. On top, there we gathered some insights on blockchain

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Europe may become the hot-spot for Blockchain disruption

If you are interested in Blockchain, you should maybe look to north-western Europe, in particular Ireland, The Netherlands, and naturally The UK with London still being the fintech capital of the world.

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In this issue · 14 items

Winning in the digital moment; Leading banks explain what it takes Finextra — A stellar line-up of 27 senior bankers and fintech experts will be onstage at the Finextra SAP Financial Services Forum in London next month to detail winning strategies for banks competing in a digitally-driven business market. Open story ↗ Consumers Will Always Hate Fees (Especially in P2P Payments) Bank Innovation — Stop with the fees already. P2P services continue to grow in popularity—no surprises there. But, there remains a segment of the population that’s refraining from downloading such services, and, one of the top reasons is a stalwart consumer unwillingness to pay fees, according to the recent Fiserv Consumer Expectations and Experiences survey. Open story ↗ Crypto ‘Crash’ Is Coming, Expert Says Bank Innovation — Bitcoin’s price continues to rise, and it’s starting to make the cryptocurrency world a little nervous. Open story ↗ CFOs will drive transformation to align EUC models and enterprise systems FinTech Weekly Magazine — CFOs are under increasing pressure to demonstrate with certainty that they have full knowledge of data sources used for reported statements, to rule out errors and misreporting. Open story ↗ Banks and Credit Unions Must Think Beyond Millennials The Financial Brand — There continues to be a great deal of attention paid to the Millennial segment by the banking industry despite the massive and unique financial opportunities available from the 'AOL generation'. Open story ↗ The Rise of the Digital-Only Banking Customer The Financial Brand — Are banks and credit unions keeping up with consumer demands when it comes to digital banking offerings? With 46% of consumers using only digital channels for their banking, expectations are outpacing experiences at most organizations. Open story ↗ Is Collaboration Crucial To Blockchain Adoption In FinTech? ETHNews — A survey has been conducted in the financial services industry that has revealed collaboration as an obstacle for many firms. Open story ↗ How Machines Destroy and Create Jobs Visual Capitalists — “There’s just doesn’t seem to be many blacksmith jobs these days.” At first glance, this would be a ridiculous thing to say. Of course there aren’t many blacksmiths around. We live in a modern society and machines do a way better job of making things from metal anyways. Open story ↗ Meet The FinTech50 2017 FinTechCity — This year's FinTech 50 companies can feel very VERY pleased with themselves. They were selected from over 1500 FinTechs across Europe by some of the biggest names in the sector, which is no small achievement. Open story ↗ Western Union Reveals Pilot Coinbase Integration Coindesk — It’s not every day you get to hear from the CTO of a financial incumbent who has actually mined bitcoin. So, interest was high as David Thompson of global remittance giant Western Union took the stage at MoneyConf 2017 in Madrid, Spain. And he did not disappoint, facing the digital currency issue head on. Open story ↗ If Your Company Isn’t Good at Analytics, It’s Not Ready for AI Harvard Business Review — Management teams often assume they can leapfrog best practices for basic data analytics by going directly to adopting artificial intelligence and other advanced technologies. Open story ↗ The Inescapable Fintech Revolution Crowdfund Insider — This report argues that fintech ventures have so far failed because of a lack of investment and that banks can, and should, take the lead in the fintech revolution by investing more and differently. Open story ↗ What the hell is happening to cryptocurrency valuations? Tech Crunch — The total market cap for all cryptocurrencies just surpassed $100 billion. The vast majority of these gains have come in just the last few months — on April 1st the total market cap was just over $25 billion — representing a 300 percent increase in value in just over 60 days. Open story ↗ When large projects go bad: leadership, operational change and a dose of reality banking technology — “Bad news isn’t wine. It doesn’t improve with age.” Colin Powell, American statesman, Vietnam veteran and retired four-star general Open story ↗

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Europe may become the hot-spot for Blockchain disruption

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