Issue 207 · Mar 6, 2019 Weekly edition · 4 min read

Fintech News

The future of fintech is new business models, Chris Skinner discusses techfin and customer centricity and then we have some great events and webinars coming up. Enjoy!

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Big tech’s blockchain projects haven’t disrupted banks — yet

In 2017, I wrote in the American Banker that not fintechs, but data behemoths such as Google or Amazon, would be the major drivers for the blockchain going mainstream.

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In this issue · 16 items

TechNOVA: AI in Financial Services (March 27, London) TechNOVA: AI in Financial Services will gather together the greatest minds across banking, insurance and capital markets to expand understandings of AI, and build practical knowledge on how to develop real, implementable systems. Open story ↗ The future of fintech is new business models 11FS — How cool would it be if you could subscribe to getting more wealth? I think it’s game over for the old wealth business model (at least if your goal is growth). Open story ↗ Fintech Press Releases Learn about the latest deals and developments in the global fintech market. Our press release platform features PRs from banks, fintechs and corporates in the financial space. Or upload your own press release on our platform in less than two minutes. Open story ↗ 'Why does a check take as long to clear today as it did in 1982?' American Banker — The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution. Open story ↗ How the Gig Economy Can Drive the Next Wave of Fintech and Banking Innovation FinTech Weekly Magazine — 2018 was a banner year for fintech VC, with the lending segment consistently emerging as a leading repository for VC dollars. Over the last decade, fintech lenders have helped fill a void as big banks pulled back on making small business and personal loans in the wake of the “Great Recession.” Open story ↗ Connected Insurance Europe 2019 (May 15-16, Amsterdam, NL) Europe's most successful insurers reveal technology integration and co-creation projects utilising AI, Data Analytics, Automation, RPA, and efficiency tools and platforms. Open story ↗ Are banks customer focused? The Finanser — I’ve talked a little about TechFin in the past but, in my presentations, I talk more and more about TechFin versus FinTech. Open story ↗ MAPFRE, ERGO and Allianz join 2019’s premier gathering for EU incumbent insurers Sponsored — Connected Insurance Europe 2019 (Amsterdam, 15th & 16th May) will gather Europe’s leading insurance innovation teams driving next-generation products and services. Join 350+ senior executives and hear from 50+ insurers on how you can boost profitability and customer uptake by integrating connected technologies and partnering intelligentially. Don’t let your competitors pass you by and join the insurers’ most trusted event of the year. Open story ↗ Financial Marketers Build Banking Brands Piggybacking on Social Media Power Users The Financial Brand — There are some very influential voices in social media channels, with large communities of loyal followers. Here's how U.S. Bank, Chase, American Express, Citi, and Capital One are all broadening their appeal by piggybacking their brands on popular social media celebrities. Should you be next to jump on board the influencer marketing trend? Open story ↗ Is the insurance core system the lowest common denominator in the InsurTech (r)evolution? Linkedin Pulse — This one has been a long time coming, nonetheless one I have discussed time and time again, both on the podcast and with many folks - both in incumbent insurers and at startups breaking new ground. Open story ↗ Power of Customer Insights Will Separate Digital Banking Winners & Losers The Financial Brand — Banks and credit unions urgently need digital tools that ingest and distill consumer data. By deploying proactive recommendations based on real-time needs and behaviors, financial institutions will be able to personalize experiences at scale, generating loyalty, trust and sales. Open story ↗ Open banking – build it and they will come? Banking Tech — When open banking began on 13 January 2018 with the launch of PSD2, the fintech twitterati were abuzz with predictions of the radical disruption of financial services. Industry pundits spoke about customers walking through a promised land of meaningful financial insights and competitive products. Open story ↗ Tokenization can make card info less inviting to crooks Payment Source — It is hard not to become desensitized to the almost daily news of data breaches. Identity theft is appealing to fraudsters, but the endgame is nearly always financial gain, so lifting payments data is a far more direct path to a payoff. Open story ↗ Building The Bank Of The Future CB Insights — [Webinar Slides] Digital-only banking is inevitable Open story ↗ Financial services risk data security breaches with insecure instant messaging Fintech Finance — Overwhelming majority of IT decision makers express concerns over security of free instant messaging apps Open story ↗ Your workplace is now a bank branch, but it comes with ‘bleisure’ Daily Fintech — The workplace is the new bank branch, and a few fintech startups are starting to realise the power of this distribution channel. Open story ↗

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Big tech’s blockchain projects haven’t disrupted banks — yet

Finance intelligence, minus the noise.

Good questions. Clear answers.

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