Issue 176 · Jul 18, 2018 Weekly edition · 5 min read

Fintech News

In 1999, Anthony Kiedis of the Red Hot Chili Peppers sang about a “Parallel Universe”, unencumbered by the natural laws of the known universe. Around the same time, banks were dealing with the most disruptive technology

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Bitcoin’s Potential Impact on the Nonprofit Sector

Bitcoin and other cryptocurrencies have the potential to change the way the nonprofit sector is funded. Through the use of bitcoin and the underlying blockchain technology, donors and recipient organizations are finding ways to conquer traditional fundraising hurdles.

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In this issue · 16 items

The Parallel Universe of Banking FinTech Weekly Magazine — In 1999, Anthony Kiedis of the Red Hot Chili Peppers sang about a “Parallel Universe”, unencumbered by the natural laws of the known universe. Around the same time, banks were dealing with the most disruptive technology shift since the introduction of the microchip. It was the dawn of Internet banking and newly-minted Internet banks, backed by reputable brands, began to draw customers out of the branch and onto the Internet. Open story ↗ Fintech Insider Ep. 234. Insights: Legacy to Cloud 11FS — COBOL is a programming language that was ubiquitous to the programming world around 60 years ago. It's since been replaced by newer and more useful languages. Unfortunately, COBOL still underpins a great deal of the banking technology in the world, but no-one's trained in it. This has left to a rise in the number of 60-80 year olds who have come out of retirement to maintain the modern banking world. Open story ↗ Will AI Change Banking for Good? Medici — A recent study of 34 major banks across several geographies (US, EU, Singapore, Africa, Australia, India) by MEDICI Team found that 27 out of these 34 banks have implemented AI in their front-office functions in the form of chatbots, virtual assistants, and digital advisors. Open story ↗ ebics box – SEPA payment automation out of the box The ebics box API is capable of automating all common processes involved for providers of digital marketplaces, subscription services and other business cases involving regular and high-volume payment processing in the SEPA area. Open story ↗ AI Won't Kill The Job Market But Keep It Steady, PwC Report Says Forbes — It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a bird’s-eye view and pointed to the results of sweeping economic changes. Open story ↗ Breaking Boundaries: How InsurTech is Moving Beyond Insurance Startupbootcamp — Collaboration with startups from adjacent industries – such as agriculture, aircraft manufacturing, health, cyber-security, maritime and general transport – gives insurers the opportunity to access new revenue streams, for example to invest more energy in preventing damages happening before a claim needs to be made. 80% of SBC partners surveyed believe the future of insurance is prevention. Open story ↗ Insurance on the Blockchain Medium — From better risk visibility & faster claims processing to collectively fighting fraud, blockchain can provide comprehensive benefits across the insurance value chain. Open story ↗ Banking Industry Not Prepared For New Era Of Marketing The Financial Brand — In the first five years of the Guide to Financial Marketing report, the priorities had not changed significantly. In 2018, we saw some changes in priorities that are counter to what we believe is needed. The question remains – are today's financial marketers prepared for the future? Open story ↗ The Future of Fintech Business Insider — [Sponsored] In the Future of Fintech slide deck, Business Insider Intelligence explores what's next for fintech, how it will reach new heights, and the developments that will help it get there. Open story ↗ The Banking Industry Sorely Underestimates The Impact of Digital Disruption The Financial Brand — Nothing has impacted today's consumer more than the power of the smartphone and digital technologies. The full impact of digital technologies has yet to be fully realized. Those banks and credit unions that continue to have a passion for yesterday's banking models will soon see negative impacts on growth and revenue. Open story ↗ Map The Fintech Space To Determine Your Partnership And Innovation Strategies Cornerstone Insights Vault — Thirty years ago, in practically every organization in every industry, "reengineering business processes" was at the top of the list of strategic initiatives. Five years later it was "knowledge management." Five years after that everyone had to become--or find a way to launch--a dot-com. Today, it's "digital transformation." Open story ↗ The Insane Amounts of Data We're Using Every Minute (Infographic) Entrepreneur.com — With all the tweets, iMessages, streamed songs and Amazon prime orders, did you ever wonder just how much data is actually being generated every minute? To find out, cloud-based operating system Domo analyzed data usage over the past year, and shared the results in its sixth Data Never Sleeps report. Open story ↗ One Of The World’s Largest Banks Seeking Blockchain Patent ETHNews — The Chinese bank is looking to blockchain technology to increase efficiency and improve customer service for financial asset exchange. Open story ↗ What is WhatsApp Banking and how does it work? Dignited — While social media is taken for gossip in one part of a continent, it is a banking tool in another. WhatsApp is evolving from just a mere chit chat messaging platform to one used for basic banking services. Before you will know it, it will be another of the e-banking options your bank will improvise – through WhatsApp banking. Open story ↗ IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds Coindesk — The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or "stablecoin," combines 21st-century technology with an invention from the Great Depression. Open story ↗ View all fintech events worldwide @ fintechweekly.com A full list of global conferences and events is available via our website https://www.fintechweekly.com/fintech-conferences Open story ↗

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Bitcoin’s Potential Impact on the Nonprofit Sector

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