Issue 141 · Nov 8, 2017 Weekly edition · 4 min read

Fintech News

We literally send you warm greetings from Lisbon. We are at the Web Summit doing interviews, getting to know the people who shake the industry and enjoying a little taste of summer in November. Next week will be a

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Why Robo-advisors are becoming popular

Robo-advisory, along with artificial intelligence and big data, is a top trending buzz-word. It is the Uber of the professional investment advisory world, eliminating the intermediate role and thus reducing fees for the end-user.

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In this issue · 14 items

2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus Coindesk — The organizers of a controversial bitcoin scaling proposal are suspending an attempt to increase the block size by way of a software upgrade. Open story ↗ Why and how the Cryptobubble will burst Medium — It is quite awe inspiring to see people make the exact same mistakes they made 17 years ago. Of course, today’s investors are likely different people who, for the most part, have not lived through the .com bubble. Open story ↗ PayPal CEO: Fintech will change more in the next 5 years than it has in the last 30 CNBC — "Mad Money" host Jim Cramer sat down with PayPal CEO Dan Schulman, who spoke to sweeping changes in the digital payment space. Open story ↗ Top 10 Trends Impacting the Future of Payments The Financial Brand — The way people make payments is changing faster than any area of financial services, impacted by the changes in digital technology, competitive forces and consumer demands. Understanding the trends in payments is important for any bank or credit union wanting to serve the complete financial needs of consumers. Open story ↗ Money is a social construct and that’s why you should run a #bitcoin full-node hackernoon — Bitcoin is a system with many strict rules but without any rulers. This is made possible because the rules are enforced by each and every user of the system. Changing the existing rules is nearly impossible, but new rules can be added if consensus is achieved. Open story ↗ Infographic: Fintech and the Future Irish Tech News — The GetLine Network http://getline.in/, a decentralized P2P lending platform, recently reached out to us with one of their infographics on FinTech, and we thought it was appropriate and timely for our audience. Open story ↗ ‘Payments mega trends’ and more from Money 20/20 cuna — Research findings presented at this year’s conference may raise some eyebrows. Open story ↗ Banks join forces with energy giants on blockchain-based trading platform Finextra — ABN Amro, ING and Societe Generale are joining forces with oil giants BP, Shell and Statoil, as well as several trading houses to build a blockchain-based digital platform for energy commodities trading. Open story ↗ What fintech success looks like; the power of women united American Banker — Wells Fargo’s head of wholesale Internet solutions, Secil Watson, believes that while the “magic” of fintech is in new customer interfaces, that’s just the tip of an iceberg. What lies beneath the surface are all the cultural and technological changes required inside an organization to facilitate that. Open story ↗ Regtech 101: What It Is, Why Now, & Why It Matters CB Insights — Regtech startups are saving firms billions in regulatory fines and displacing manual risk and compliance with cutting-edge technology. Open story ↗ MIT Media Lab Director: ICOs Are 'Attracting the Wrong People' coindesk — One of the people most responsible for the creation of a dedicated cryptocurrency research effort at a major U.S. university is speaking out against initial coin offerings (ICOs). Open story ↗ The battle over bank customer data may finally be over American Banker — For the past few years, fintechs have argued they need to access bank customer account data to provide services like online loans, personal financial management and savings apps. Banks have been cautious about providing such information and unhappy with how fintechs have grabbed it by logging in with customers’ user names and passwords. Open story ↗ Fintechs Are No Threat to Banks — But Amazon and Alibaba Are bank innovation — The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would be non-banking companies such as Amazon and Alibaba. Open story ↗ Fuck Token Fuck Token — Rather unusual language being used here and by far not a new thing. But be advised to watch the video on the page. This sums up the blockchain hype perfectly [editor's note] Open story ↗

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Why Robo-advisors are becoming popular

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