Issue 217 · May 16, 2019 Weekly edition · 5 min read

Fintech News

This weeks issue is about JP Morgans latest invest in an Indian fintech, banks waking up to threat throw billions into digital and fintech cos vs banks. Enjoy these and a lot more topics which inform you about the latest

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The future of Fintech: An outlook

NASSCOM recently reported that around 400 fintech firms operate in India, boosted in large part by foreign investments in fintech-focused startup accelerators and incubators. 125 of these startups were launched in 2018 alone. NASSCOM predicts that India’s fintech software market alone could touch US$ 2.4 billion by 2020, doubling on the current rate of growth.

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In this issue · 12 items

How Regulators Are Shaping the Future of Banking Breaking Banks — Host Jason Henrichs talks with Meg Tahyar, partner in the Financial Institutions Group at Davis Polk & Wardwell LLP and Sarah Biller, co-founder of FinTech Sandbox about changes happening in unexpected places: regulators themselves. Meg, Sarah and Jason share their thoughts on the FDIC’s inaugural “Fintech and the Future of Banking Conference” which included participants from Treasury, OCC, CFPB, CSBS, CFTC and the FCA as well as academics and industry leaders. Open story ↗ JP Morgan invests in Indian fintech Finextra — Global PayEx, a fast-growing player in the Electronic Invoice Presentment & Payment (EIPP) and business-to-business (B2B) payments space based in India, today announced a strategic investment by J.P. Morgan. Open story ↗ Infographic: 6 FinTech trends for 2019 and beyond TechAERIS — The days when you need to make an appearance at a financial institution just so you can complete a transaction are almost a thing of the past. This is true for bank withdrawals, loan approvals, and even bills payments. Back then, you had to present a passbook to either make a deposit or withdraw money from your bank account. Open story ↗ US Congress launches fintech and AI task forces Finextra — Set up by the House Committee on Financial Services, the fintech task force will look at domestic and international regulation of the nascent sector as well as the infrastructure and legal and regulatory framework for efficient payments. Other areas of interest for the team of legislators include fintech and lending, specifically the use of alternative data for loan underwriting, and the use of big data and its implications for privacy. Open story ↗ Fintech is UK's top tech sub-sector Finextra — The UK leads Europe in scaleup technology investments, according to the latest annual government-backed Tech Nation report, with just the US, China and India. The UK’s strongest tech sub-sector, and where it currently ranks as number one in the world, is fintech, with investment in high-growth firms amounting to £4.5 billion between 2015 and 2018. Open story ↗ Telecom Fintech innovation is spreading Daily Fintech — MPesa`s early success in Kenya, will remain the mobile money business case study of payment innovation in Emerging markets[1]. It was 12 years ago; in 2007 when Vodafone launched the service. Open story ↗ The Fintech Game-Changer Entrepreneur India — There are names who are shinning in the fintech space in India and abroad for, literally, dwindling fintech structures around the world. Rishi Khosla is one of them. The Indian-origin and British National is the co-founder of OakNorth Holdings. Open story ↗ Fintech startups use unique approaches to payments to raise funding Mobile Paymentstoday — The market for fintech companies has grown in recent years, as venture capital has come calling to find innovative new startups engaged in business ranging from mobile banking to point of sale financing and accelerating payments. Several startup firms in the space have recently raised additional funding to accelerate growth in some unique approaches to financial technology. Open story ↗ Banks Waking Up to Fintech Threat Throw Billions Into Digital Bloomberg — Scrappy online financial startups have spent the past few years building buzz, backing and the beginnings of a customer base. For a while, the world’s banking giants largely ignored them. Now they’re starting to feel the heat—and fighting back with the most formidable weapon in their arsenals: cash. Open story ↗ Fintech Company Launches Crypto Exchange Platform Integrated Into Social Investing Network Cointelegraph — Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period. The developer promises a user-friendly interface and “super-fast execution,” as the system supports more than 10 million transactions per second. Open story ↗ Fintech Cos vs Banks : Fin-tech Space Fintech Circle — In 2018, the total market cap of the fintech industry grew to nearly $170 billion in U.S. In 2019, these companies are expected to continue to have double-digit growth. The companies which are expected to get into double-digit territory in 2019 are card issuers like Visa and Mastercard due to the growth of fintech payment companies like Square and PayPal. Financial technology companies are offering salary-linked products. Salary linked products are related to salary processing, loan payments and transfers. Open story ↗ Think About! Tech Conference in Cologne, Germany Think About! is a tech conference which focuses not only on technology but also on design and their social impact. It creates a safe and inspirational space for everyone, and we really mean everyone. Our belief is that society needs diversity in order to continue a healthy and critical dialogue. For this reason we want to bring together diverse individuals and enable them to challenge themselves and each other. Open story ↗

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The future of Fintech: An outlook

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