Issue 182 · Sep 6, 2018 Weekly edition · 5 min read

Fintech News

How safe are Monzo, Revolut or N26? Do you trust them with your salary? How to navigate the competing regulations GDPR and MiFIDII. And did you know almost no financial insitution can deliver on personalization? Enjoy

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AI Collaborations: key contractual risks and issues

In a digital world, with banks and other firms struggling to maintain personal connections with their customers, AI has the potential to help re-establish these connections through personalisation of products and services.

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In this issue · 18 items

Fintech Inclusion Summit (Oct 29, San Francisco, CA) A one day summit featuring leadership from the most exciting companies leveraging technology to build a more inclusive financial future. Book your ticket now via FinTech Weekly! Open story ↗ Would you trust your salary to a start-up? This is Money — We take a closer look at how safe new banks and so-called fintechs Monzo, Revolut, Starling really are. Open story ↗ Will QR codes wipe out cash and cards? The Finanser — There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes. Open story ↗ HSBC plans digital bank to counter online rivals The Telegraph — SBC is close to launching a new digital bank known internally as “Project Iceberg” in a move to sink new competition from online upstarts. Europe’s largest lender has recruited more than 100 people to the secret project, based in offices in the Aldwych area of central London. Open story ↗ The collapse of ETH is inevitable TechCrunch — Here’s a prediction. ETH — the asset, not the Ethereum Network itself — will go to zero. Open story ↗ Microsoft Is Connecting Its Major Products to Blockchain – Here's Why coindesk — Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it's connecting the technology to just about everything else. Open story ↗ Bank cards are still important and challenger banks know it Global Banking & Finance Review — Why are challenger banks obsessed with their cards? Why are they bothering to make them so bright (Monzo), so metal (Revolut), so portrait (Starling)? Aren’t bank cards a bit big banky? A symbol of the old way of doing things? Open story ↗ How Fintech Is Transforming Microfinance Knowledge@Wharton — Opportunity International, a Chicago-based nonprofit, believes that the path out of extreme poverty for many people around the world lies in entrepreneurship. Open story ↗ Why You Need a Physical Vault to Secure a Virtual Currency WIRED — I am transfixed by the plummeting signal strength on my phone as employees of cryptocurrency exchange Coinbase close the flap of the stuffy silver tent I’m standing inside. Open story ↗ The Risk of a Vicious Funding Circle in Fintech High hopes and valuations have a habit of bumping into reality. Open story ↗ How to Navigate Competing Regulations: Unintended Consequences of GDPR FinTech Weekly Magazine — GDPR and MiFID II can create a tension between retention and protection requirements around communications with clients and customers Open story ↗ 94% of Banking Firms Can’t Deliver on ‘Personalization Promise’ The Financial Brand — One of the strongest differentiators in the future will be the ability to deliver real-time, highly personalized experiences. The inability to deliver on the 'personalization promise' is a major concern for banking executives according to new research from the Digital Banking Report. Open story ↗ Fintech Insider Ep. 249. News: Hook them with a great service 11FS — Our hosts, Sarah Kocianski and Simon Taylor sit down with two great guests: Alexa Fernandez, Open Innovation and Ecosystem Builder at BBVA, and Ryan Edwards-Pritchard, Managing Director at Funding Options to talk about the all the latest news in fintech. Open story ↗ Real Estate tokenization feels and smells like old-fashioned Securitization Daily Fintech — What is securitization or rather What was securitization? The practice of pooling different types of assets, repackaging their cash flows and rights and creating new securities out of the mashed and hashed results. Open story ↗ How come nobody gives me fish anymore? Going “all the way down” in digital banking Banking Tech — How come nobody gives me fish anymore? Seriously, what happened to my Facebook aquarium? And that brief time when you wouldn’t just poke but also occasionally throw sheep at friends, what happened to that? Open story ↗ FinTECHTalents – The ultimate fintech festival (Oct 30-31, London) Registration is open for the ultimate fintech festival with two days of innovation, collaboration, live tech demos, music & craft beer. With over 2000 attendees, FinTECHTalents connects tech start-ups, financial institutions and academia under one roof in a unique setting. Book via this link for your discounted ticket. Open story ↗ Fintech World Forum 2018 (Nov 21-22, London) FinTech World Forum 2018 (FinTech Conference) is based in London UK Europe as one of leading fintech events for global financial, blockchain, crypto currency, payments and banking technology industry. Open story ↗ Future Branches 2018 (Dec 3-5, Austin, TX) The Conference for Branch and Retail Banking Innovators Future Branches is the only conference that explores how leading financial institutions are revamping retail banking technology, retooling front line associates, and creating the branch and retail banking experience of the future. Open story ↗

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AI Collaborations: key contractual risks and issues

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