Issue 144 · Nov 29, 2017 Weekly edition · 5 min read

Fintech News

Oh, hi there. Had enough of discussing Uber's data breach? Here comes: a guide to regulating cryptocurrencies and ICOs. CX should be your top priority as a bank. Why we still need bank branches and the essentials of

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We still need bank branches

For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store.

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In this issue · 17 items

Digital Transformation Framework: How to Turn the Tables on Fintechs? N-iX — Why do banks need a digital transformation framework? According to McKinsey, global banking revenues totaled 4.6 trillion in 2016, up 3% from 2015. If the market is growing, why do banks need to change? Open story ↗ Regtech Essentials Holland Fintech — Agile regulatory technology helps companies of all sizes to better understand and manage their risks by adding value to data and reporting. Regtech, like fintech, has a fluid definition that varies across industries where it is employed. Open story ↗ Ep. 156. News: Growing through pain Fintech Insider — In this episode, Ali Paterson, Editor of Fintech Finance; Valentina Kristensen, Head of Marketing & PR at Oak North; & Tanya Andreasyan, Editor of Banking Technology join hosts David, Jason and Simon to discuss the last week's news. Open story ↗ Oxford Fintech Programme GetSmarter — Explore the future of fintech, online, with global experts and a world-leading university. Open story ↗ ICO Hype, Bitcoin Gold Rush, Bullish Markets: Should We Trust The Brave New World Of Finance? Forbes — Fintech is only beginning to scratch the surface of possibilities. Despite significant inroads in payments, lending and investing, amounts handled remain small in comparison. Open story ↗ Funny Money? Does Humor in Financial Advertising Work? The Financial Brand — When it comes to advertising, are some banks and credit unions too eager to tickle the funny bone? Open story ↗ Will the overnight millionaire become an overnight pauper? FinTech Weekly Magazine — Someone who invested just USD 1,000 in bitcoin in 2010 will now have a net worth of USD 70 million. With predictions that bitcoin’s value will jump up to USD 50,000, more and more “investors” are jumping on the cryptocurrency bandwagon in a bid to benefit from the “mysterious” cryptocurrency’s phenomenal climb in value. Open story ↗ 2020 Outlook: How FinTech Transformed the Wealth Management Industry LTP — The year 2017 was the most pivotal year for wealth management – technology startups shot themselves in the foot, empowering the next wave of transformation in one of the most asset-heavy segments. Taking their time to watch, interact, and learn, financial institutions have evolved beyond recognition in their strategies. Open story ↗ How AI Is Changing Fintech Huffpost — Artificial intelligence, also known as AI, has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes, as well as boost their bottom line. Open story ↗ Is CX Your Top Priority? Banking Consumers Don’t Think So The Financial Brand — Think about a day in the life of your average banking consumer. She wakes up and checks her phone. She browses her personalized news feed, which delivers stories that align with her interests and preferences. She checks [...] Open story ↗ The New Divine Comedy: FinTech’s Two Circles of Hell LTP — How many FinTech startups does it take to create one comprehensive payment solution? Apparently, close to 1.5K. Open story ↗ How Digital Banking Can Protect Against The Big Tech Invasion The Financial Brand — Retail banking is being attacked by both small fintech firms as well as the big tech giants like Google, Amazon, Facebook, Apple and others. The best defense that traditional financial institutions can use against this invasion is a strong, personalized digital banking offense. Open story ↗ Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa Power Compare — Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. Open story ↗ Where Do Consumers Fit in the Fintech Stack? Digital Finance Analytics Blog — An excellent speech from Federal Reserve Governor Lael Brainard on the opportunities for innovation in customer facing services enabled by the digital revolution and the risks arising – specifically looking at “financial autopilots”. Open story ↗ The European Commission Aims at Applying PSD2's Regulatory Technical Standards in 2019 Holland Fintech — The EC has decided to make the PSD2’s regulatory technical standards applicable around September 2019, giving payment market payers the opportunity to upgrade their security systems. Open story ↗ How The Blockchain Is Revolutionizing The Remittance Industry For The Unbanked Medium — Those who are unfamiliar with the global remittance industry may be surprised to learn that it is a multi-billion dollar market. The world bank estimates that officially recorded remittances to developing countries amounted to $429 billion in 2016. Open story ↗ Cryptocurrencies and ICOs – A Rough Guide to Regulation FinTech Weekly Magazine — Over the past few years there has been a growing proliferation of cryptocurrencies. More recently, companies which may have limited access to fundraising through traditional methods are turning to cryptocurrencies, and initial coin offering (“ICO”), as a means to raise funds. Open story ↗

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We still need bank branches

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