Issue 125 · Jul 6, 2017 Weekly edition · 4 min read

Fintech News

The latest news in fintech, finance and digital industries: VR and AR might be the future bank branch. UX learnings and trends for banks and how the World Economic Forum is limping behind blockchain-wise. Plus a lot

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Will Augmented and Virtual Reality Replace the Bank Branch?

Despite the rise in digital banking, an advantage of branch banking continues to be the value of personal interaction. But, could the benefits of face-to-face interaction be incorporated into augmented reality (AR) and virtual reality (VR) solutions?

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In this issue · 15 items

P2P Financial Systems International Workshop 2017 (July 20-21, London) How will technological developments like fintech and digital money shape the future financial system? Critics claim that it will be ruled by peer-to-peer systems. Undoubtedly, our society is rapidly evolving toward a less capital-intensive economy of ubiquitous on-demand shared assets and services. SAVE 50% with the code: CSDF48P2P Open story ↗ 7 Trends of IoT in 2017 IoT Central — By having the right IoT model companies will be rewarded with new customers, better insights, and improved customer satisfaction to mention few benefits. Open story ↗ Financial Technology in the GCC – 2017/18 Demands NASEBA — With the recent slump in oil prices, Arab economies are investing heavily in technology to develop non-oil industries. In the financial sector, investment in financial technology is expected to reach USD 13bn this year. Our latest report surveys financial IT decision makers from enterprises across the Arab Gulf to identify their IT budgets, specific solutions of interest and procurement timeframes. Download now. Open story ↗ In the knowledge economy, we need a Netflix of education Tech Crunch — With 4.6 billion pieces of content produced daily, it might seem that our hunger for knowledge should be satisfied — but information production and distribution is not the same as consumption and it’s not as simple as just putting information out there. Open story ↗ Top UX Trends for Banking Industry Globally iamwire — If you look at some of the most successful firms in the world today, it becomes evident that one trait is common among all of them. They’re successful not only because of the work they do, but also because they all have seamless UX supporting their technology. Open story ↗ Getting Big in Small Business Banking BCG — Banks often regard the small business segment as relatively unattractive—they see high levels of risk and little potential for growth. They also characterize the segment as costly to serve. Open story ↗ Blockchain and life insurance: Ripe pickings Bussmann — When the blockchain first arrived on the scene, people concentrated on its potential to disrupt the financial services industry. This included banks and other financial services players, who for several years now have been intensely studying and pondering the implications of this new technology for their businesses. Open story ↗ There is No Perfect Blockchain, Here is Why Cointelegraph — Different consensus algorithms power Blockchain technology. It is the consensus algorithm of a given Blockchain that determines how nodes participate in sharing of the database of such Blockchain. Open story ↗ How fintech companies are tackling payments — and who's helping Financial Post — When it comes to rethinking how we pay each other, fintechs are a driving force. Young, aggressive companies are eager to disrupt many aspects of the financial industry, and payments are no exception. How are they doing it, and will established banks help or hinder them? Open story ↗ 10 Case Studies for the Industrial Internet of Things IoT Central — It’s still early days for the IoT but everyday a little part of its burgeoning ecosystem becomes a factor in our lives, whether we know it or not. Open story ↗ China and India are far ahead of the rest of the world in fintech adoption QZ — When it comes to the adopting the newest, digital methods for managing their personal finances, Chinese and Indian consumers are way ahead of the rest of the world. A report by consultancy EY suggests that a lot of this has to do with digital payments. Open story ↗ Traditional wealth management challenged by robo-adviser boom Raconteur — Robo-advisers are lying in wait to pick off clients from traditional wealth management firms which must modernise or face an uncertain future in a data-driven world Open story ↗ The World Economic Forum Might Not Be Ready to Lead a Blockchain Revolution Coindesk — The research phase of the World Economic Forum's work with blockchain has only just begun, and already its managing director is beginning to explore a more hands-on approach. Open story ↗ Ex-Barclays chief says banking could face its own ‘Kodak moment’; urges banks to embrace fintech solutions CNBC — The former chief executive officer of Barclays has warned that banks could be faced with their own "Kodak moment" by falling into irrelevance if they fail to keep up with the pace of rapidly developing fintech technologies. Open story ↗ Engineering Digital Banking Solutions Using UX Methodology The Financial Brand — To implement a strong user design methodology, you must have a disciplined designer-developer UX workflow that leads to quality implementation delivered on, or before, deadline. Open story ↗

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Will Augmented and Virtual Reality Replace the Bank Branch?

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