Issue 194 · Dec 3, 2018 Weekly edition · 5 min read

Fintech News

The best issue ever. So many good articles this week that it was hard to put this newsletter together. Platformification, how FIs stack up against your favorite brands and how M&A is shaping the future of finance. Less

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Ohio becomes the first state to accept bitcoin for tax payments

Starting Monday, businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially.

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In this issue · 18 items

Platformification: Taking your bank to the next level 11FS — It’s time to accept that digitisation is not going to create the step change needed. Banks need to realise the benefits of being born digital and the boost to services it provides. Open story ↗ Advertising with FinTech Weekly We rank #1 on Google for **"fintech conference(s)"** and among the first 5 results for **"fintech news"** , **"fintech events"** , **"fintech information"** and **"fintech magazine"**. People who look for information on fintech find us – let them also find you! Click for info on our advertising options. Open story ↗ Crappy data is why we can't have nice things 11FS — If all the bits of your car lived in different countries, and you had to ship them to your house and assemble them every time you wanted to drive somewhere – it would get a bit annoying right? You would question why anyone thought this was an acceptable way of building something so critical. Open story ↗ ‘Identity theft’? It’s daylight robbery by the banks If a gang of armed robbers were wearing Tony Blair masks, would the bank debit all the stolen cash from the former prime minister’s account? Open story ↗ 9 Digital Marketing Trends Banks and Credit Unions Must Know In 2019 The Financial Brand — Financial marketers have never been under more pressure to deliver results. Banks and credit unions must improve customer experience, using data and advanced analytics to build more personalized communication. Here are the key marketing trends that will determine the winners in 2019. Open story ↗ Amber Baldet: Don’t Force Public Blockchains ‘Down Enterprises’ Throats’ Having left one of the world’s largest financial institutions to build an ethereum startup, Amber Baldet appreciates both the needs of enterprises and the potential of open, decentralized blockchains. Open story ↗ The $200 Trillion Gold Rush That Has Reshaped Private Banking Bloomberg — From Hong Kong to Miami, private bankers are finding new ways to serve the growing ranks of the world's wealthy. Open story ↗ Special Report: Little known to many investors, cryptocurrency reviews are for sale Reuters — When cryptocurrency issuers want positive coverage for their virtual coins, they buy it. Open story ↗ How Do Financial Institutions Stack Up Against Consumers’ Favorite Brands? The Financial Brand — When researchers compared financial services providers to popular consumer brands, they revealed exactly how big the "experience gap" is in the banking industry. Open story ↗ REP018: Can you refresh my memory? FinTech Weekly Magazine — Stephen Watkins explores the need for greater awareness of REP018 ahead of the FCA deadline for report submissions. Open story ↗ A Guide To Corporate Innovation: 19 Strategies To Drive Innovation Now CBInsights — 19 Bulletproof Strategies If You Want Your Corporation to Look Innovative Open story ↗ Digital Banking Creates ‘Amazon Prime’ Opportunity The Financial Brand — Improving the customer experience is the top strategic goal mentioned by bankers. Consumers say a seamless experience, single point of contact, rewards and security are essential. Can banks and credit unions monetize a great customer experience like Amazon? Open story ↗ 7 Financial Institutions Taking Innovation Labs to the Next Level The Financial Brand — Many financial institutions are toying with building their own innovation lab, but there's more to it than just stuffing whiteboards, bean bag chairs and foosball tables into a room, and subscribing to magazines like Fast Company and Wired. Open story ↗ Banking Industry Must Move from Strategic Planning to Action The Financial Brand — Is your financial institution getting the most out of your strategic plan? The future of every banking organization depends on the development and implementation of a strategic plan that's well thought out. But strategic planning without commitment to action, and then the action, results not only in no progress ... but lost ground. Open story ↗ Tech control: How fintech M&A is shaping the financial future FinTech Weekly Magazine — Fintech M&A dealmaking set to soar in 2019 Open story ↗ GDPR vs. Blockchain: The Saga Continues lawless.tech — The popular French privacy watchdog, the CNIL, is on fire these days. After being the first EU authority to issue warnings for the GDPR violations to Teemo and Fidzup, it discovers new playgrounds – this time it’s all about matching blockchain technology and the GDPR. With the recently issued official English translation of the recommendation, let’s dive right in. Open story ↗ Artificial Intelligence: The Financial Marketer’s Secret Weapon The Financial Brand — Artificial intelligence is reshaping marketing. AI improves targeting, personalization, and engagement. It gives marketers more time to connect with consumers at the time of need. AI-powered marketing should be a top priority for financial institutions that want to succeed in a hyper-competitive marketplace. Open story ↗ Cloud adoption: the key to agile change Banking Tech — Agility is top of mind among the key players in today’s post-trade market. But what does agility actually mean in practice? Open story ↗

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Ohio becomes the first state to accept bitcoin for tax payments

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