Issue 133 · Sep 13, 2017 Weekly edition · 3 min read

Fintech News

Here comes the love train. APIs will shape the future of the financial services landscape. How to navigate through the financial storms – and we would like to ask a little favor of you. But first, learn what the past

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In this issue · 11 items

Navigating the financial storms with a legal lifeboat Finextra — A high level of regulatory change continues to buffet a financial services industry already trying as hard as it can to stay afloat in choppy economic waters. To describe the industry as overstretched in such conditions is probably an understatement at the moment. Open story ↗ Driving the growing adoption of virtual cards BANKNXT — What are the advantages of using virtual cards, and will they gain more market share in the future? Story by Kyle Ferguson. Open story ↗ Shoppers And Retail Finance: Who? What? Why? The Fintech Times — Retail finance has exploded in the past few years. Merchants are increasingly understanding the benefits it can have for the growth of their business, particularly in the current climate; boosting conversion rates, increasing average order values and improving customer satisfaction. Open story ↗ Are Tiny Pop-Up Branches Banking’s Brick-and-Mortar Future? The Financial Brand — Branches built out of shipping containers that measure 160 square feet could be the next stage in the banking industry's evolution of retail delivery. Here's how banks are experimenting with these bite-sized branch designs. Open story ↗ Hang on to your cash. This dash to digitise payments is dangerous The Guardian — Sweden leads the world in cashlessness. In doing so it also leads the world in opening its citizens up to fine-grained financial surveillance. “Cashless society” is a euphemism for a “bank payments society” Open story ↗ Pandit Says 30% of Bank Jobs May Disappear in Next Five Years Bloomberg — Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Open story ↗ The promise of managing identity on the blockchain Tech Crunch — Blockchain, the secure distributed ledger technology first created to track bitcoin ownership, has taken on a number of new roles in recent years tracking anything of value from diamonds to real estate deeds to contracts. Open story ↗ Digital technology can make financial struggles easier to manage The Economist — Between 2011 and 2014, according to the World Bank, the number of people in the world with a bank account, either directly or through a mobile-money provider, grew by no fewer than 700m. Open story ↗ Why corporate banks must become part of the digital enterprise BANKNXT — Corporate banks haven’t kept pace with the changing financial environment, say Oliver Bussmann and Falk Rieker. Open story ↗ Millennials are driving a shift in how the ultra-wealthy manage their money Business Insider — According to UBS' Global Family Office Report, which is based on a survey of senior staff from over 260 family offices across the world, family offices are paying more attention to how they can make money for their clients and tackle issues such as poverty and global warming. Open story ↗ When banks say ‘I do’ – an API love story BANKNXT — Leda Glyptis believes banks needn’t be afraid of the API era. They should build a workforce that can deliver a future that’s shared and interdependent. Open story ↗

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