Issue 195 · Dec 6, 2018 Weekly edition · 5 min read

Fintech News

5 Innovations trends in banking, 4 questions regarding AI and 5 trends for customer experience. This and A LOT more in this week's issue. Enjoy the last days before Christmas madness kicks in completely. — Michael and

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Fintech Insider Ep. 274. Insights: Open Banking - a never ending story?

In this week's insights show we're bringing you a deep discussion on what's happening in the Open Banking space. Our roundtable talks about the challenges involved in implementing the rules and regulations around Open Banking and takes a look at the thorny problem of getting customers to buy-in to Open Banking. We have some of the best guests around to help:

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In this issue · 19 items

Client-side security in open banking PSD2 compliance jscrambler — Financial institutions have less than a year to be fully PSD2-compliant. This free white paper proposes actionable strategies to meet client-side compliance before November 2019. Open story ↗ 5 Innovation Trends That Will Define Banking in 2019 The Financial Brand — The banking industry is beginning to incorporate the traits and practices that were once the domain of fintech startups. Banks and credit unions have become more comfortable with a faster pace of innovation, using data and analytics more extensively and digitizing processes as opposed to simply turning paper into PDFs. Open story ↗ A Regulation Revolution In Financial Services Forbes — If your professional interests take you to the crossroads of financial services, regulation, compliance, and digital - especially data analytics and machine learning - which altogether is known as regtech, you are in the right place. Open story ↗ China’s VCs show new interest in backing foreign-bred startups VentureBeat — China’s venture capitalists are changing their game. Where it’s previously been difficult for foreign startups to get Chinese VC funding, Chinese VCs are beginning to look at foreign-born startups with significant interest. Open story ↗ The Fourth Industrial Revolution Built On Blockchain And Advanced With AI Forbes — Blockchain technology is so synonymous with cryptocurrencies, and especially Bitcoin that it is almost like the financial sector has usurped its potential. Open story ↗ Contrary to what your mother told you: banking reality checks and other fables Banking Tech — You can be anything. But it will get messy. Open story ↗ Best-In-Class Multichannel Onboarding Trends To Watch In 2019 The Financial Brand — Many financial institutions have realized that every new customer relationship must be cultivated and nurtured to optimize value and loyalty.. The importance of deepening engagement through onboarding and building value with cross-selling has never been more important. + Open story ↗ Banks will be hit with 'massive disruption' from fintech in the next five years, Klarna CEO says CNCBC — Sebastian Siemiatkowski said new regulations and the rise of fintech firms are a recipe for "massive disruption" in retail banking. Banks have three options, he says: transform for the digital age, snap up fintech competitors or simply "fail." Open story ↗ Ripple and NEM launch EU blockchain association to cozy up to regulators TNW — Blockchain firms want to stay on the good side of Europe, it seems. Ripple, NEM, and company have founded a new association to represent the interests of blockchain and cryptocurrency businesses across the continent. Open story ↗ Commercial insurtech is like an exclusive club — and Google and Amazon aren’t invited TechCrunch — Chris Downer Contributor Chris Downer is a principal at XL Innovate, focusing on insurtech investments in North America, Europe and Asia. Tech companies and VCs in the insurance space have probably read many of the news articles about Amazon and Google entering insurance Open story ↗ AI, Big Tech and the cloud will damage the banking industry if not embraced - Citibank Finextra — Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services. Open story ↗ Out of 43 Blockchain Startups, Zero Have Delivered Products Futurism.com — Ambitious white papers and press releases don't matter if your tech doesn't do anything. Open story ↗ 4 Questions to Help You Call BS on AI FinTech Weekly Magazine — Using artificial intelligence (AI) software is a great idea — if that artificial intelligence software is actually useful. It sounds obvious, but surprisingly it isn’t. Open story ↗ 5 Trends Shaping The Future Of Customer Experience In 2019 Forbes — A customer-first mindset is much different than hiring a chief customer officer and thinking your work is done. That’s almost as egregious as thinking that customer experience is simply something handled by the customer service team. Open story ↗ Major Content Marketing Trends For Banks & Credit Unions In 2019 The Financial Brand — Here's what banks and credit unions need to know to craft content that supports their digital marketing strategy in the year to come. Open story ↗ Will Europe's Emerging Fintech Cities Rival London in 2019? Forbes — “Entrepreneurs, business leaders and investors cite London’s talent, creativity, innovation and dynamism as key to its long-term success. The message is loud and clear: London is open to business and investment from around the world." Open story ↗ The Road to Faster Payments in the US Medici — Now that The Clearing House’s Real-Time Payment (RTP) rail has several major banks live, when will we start to see the United States embrace faster payments? Open story ↗ FinTech Funding Analysis from the Last Six Months Reveals Some Interesting Trends Medici — At MEDICI, we track 12,000 FinTech startups and also keep tabs on funding as well as other information on an ongoing basis. Through bottom-up research, we come up with an analysis of FinTech funding on a monthly basis. This tedious exercise reveals interesting trends from an investment perspective. Open story ↗ Asian Financial Forum (Jan 14-15, Hong Kong) The Asian Financial Forum (AFF) brings together the global financial and business community to discuss developments and trends in the markets of Asia. AFF 2018 attracted more than 3,000 participants. During the AFF Deal Flow Matchmaking Session, one-on-one meetings are arranged between sources of funds and sources of deals. Open story ↗

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Fintech Insider Ep. 274. Insights: Open Banking - a never ending story?

Finance intelligence, minus the noise.

Good questions. Clear answers.

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