Issue 188 · Oct 17, 2018 Weekly edition · 4 min read

Fintech News

After some issues with our hosting provider last week and the last issue #177 mysteriously disappearing from the website, never to return, it's all back to normal now. Enjoy issue #188 – hopefully also on

Share in X

Financial Institutions Fail To Humanize The Digital Banking Experience

As the world grows increasingly digital, providing the 'humanized engagement' becomes ever more important. Digital consumers demand more today than speed and simplicity. They want to feel good about their interactions with technology, and this requires some element of the personal touch.

Read the full story ↗

In this issue · 14 items

Funding Fintech’s Future: Workhorses vs. Unicorns Breaking Banks — How is the future of fintech being funded? Hosts JP Nicols and Jason Henrichs talk about corporate venture capital and strategic investing, then Jason continues the conversation with VCs Kat Utecht and Matt Harris as we explore the differences between investing in “workhorses” vs. “unicorns.” Open story ↗ Fintech won't drain money away from traditional banks, regulators say CNBC — The rise of financial technology won't threaten the existence of banks, policymakers and regulators said at the IMF-World Bank annual meetings on Thursday. It's the responsibility of authorities to make sure that traditional banks are prepared for changes in their industry, they added. Open story ↗ Fintech Insider Ep. 260. Insights: Product Design in fintech and banking 11FS — Today's insights show takes a closer look at what it means to create good digital products, how to give products room to breathe before they're abandoned and how to make, test and iterate. Open story ↗ Digital Transformation Creates New Risks In Finance Forbes — As financial firms make the transition to digital they also need to revamp their risk management, says EY in a recent paper, “Moving from analog to digital: a new paradigm for risk management.” Open story ↗ Apple’s Face ID Alone Deemed Too Insecure For European Banks Forbes — Next year millions of people across Europe will suddenly find it harder to log in to their mobile bank account. Open story ↗ The Blockchain Cart Before the Identity Horse Medici — The “move fast and break things” attitude means building things and figuring out how they make money later. Recently, the excitement over the possibilities of blockchain has combined with this to create some promising and crazy ideas – blockchain for copyright, blockchain for music distribution, blockchain smartphones, and blockchain for identity. Open story ↗ Beyond Big Data Gathering: Creating Value from Feature Engineering FinTech Weekly Magazine — Gone are the days where gathering and organizing vast lakes of data was enough to create value for organizations. Financial institutions in particular have captured significant amounts of data for years but are failing to truly use this asset in ways that deliver value for their organizations and customers. Open story ↗ Why Now Is The Best Time To Embrace Blockchain Technology Forbes — This is going to be a bold statement: It’s time for your business to start embracing blockchain, the biggest game-changer in technology since the internet. Open story ↗ Banking on artificial intelligence E&T — Pioneering financial institutions are exploring where AI can make the most difference to their operations – from customer service to fraud detection. Open story ↗ China's Bitcoin Dominance Is Worrying Trump's White House -- And Pushing It Toward Ripple Forbes — China is, by some distance, the undisputed world leader in bitcoin mining — with Chinese mining pools controlling more than 70% of the bitcoin network's collective hash rate, the measuring unit of the processing power of the bitcoin network. Open story ↗ There’s no excuse: Banks need to diversify their hiring American Banker — The success of Carnival Cruise Line is no surprise to Arnold Donald, Carnival’s chief executive or his supporting executive staff, seven of which are women or nonwhite men, and were recruited from a variety of industries. Donald’s strategy of creating a diversified workforce where differing opinions are welcome and respected has contributed to an 80% increase in stock price and rave reviews from customers. Open story ↗ Making waves: hiring technicolour delivery teams in an ocean of banking grey Banking Tech — Industrialisation is in part the story of humanity trying to eliminate dependence on itself: trying to distill the essence of a business away from a master craftsman who may die, a gifted engineer who may walk out or a grumpy expert whose moods dictate their performance. Open story ↗ Cutting through the noise around financial technology McKinsey — We track more than 2,000 start-ups offering traditional and new financial services—though we estimate there may be as many as 12,000. Here’s how banks should respond. Open story ↗ Brexit: Out of the EU…back to Brussels? FinTech Weekly Magazine — James Borley, Director at fscom, discusses the need for UK payment and e-money institutions to consider Belgium as a post-Brexit solution. Open story ↗

← Previous issue Fintech News Next issue → Fintech News

Financial Institutions Fail To Humanize The Digital Banking Experience

Finance intelligence, minus the noise.

Good questions. Clear answers.

Imprint