Issue 222 · Jun 20, 2019 Weekly edition · 3 min read

Fintech News

This week's top stories are about the first principles of investing in fintech, Facebooks latest news about its own cryptocoin Libra and about Tally which raises $50 million to automate peoples finances. Find out what

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Why Fintech May Not Be Fit For Public Consumption

Why are there so few fintech IPOs? That's the topic of a new Pitchbook study.

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In this issue · 11 items

Honest Digital Transformation Breaking Banks — Brett King and Jason Henrichs host USAA‘s Neff Hudson and IBM‘s Global Fintech lead Paolo Sironi, talking the end of Chase’s Finn, Digital Transformation, and how financial transparency and economics are changing in the digital era, starting with global economic uncertainty that has stimulated movements like Brexit and Trump. Will Adam Smith economics survive? What does it mean for banking? Open story ↗ Fintech Analytics: The Top 7 Metrics Every Fintech Company Should Monitor Yahoo Finance — Agility and innovation in fintech depend not only on collecting the data, but how you’re able to leverage it. Knowing which metrics to measure, and especially the interplay between them, will help illuminate the complete story about your customers, your business and the market. Open story ↗ Fintech boom has consumers reaping the benefits The New Daily — The battle for supremacy in Australia’s financial technology sector may be heading for a truce, and it’s good news for the consumer. Open story ↗ Building your own fintech ecosystem Fintech Circle — Your ecosystem network is only as effective as your knowledge of the main players within your market. In order to maximise the key components of your company, such as R&D, talent acquisition and sales and marketing, and position yourself with precision, a thorough evaluation of competitors and partners is essential. Open story ↗ 4 Trends That Will Rewire the Inner Workings of the Fintech Industry Entrepreneur Europe — Financial technology (fintech) refers to the infrastructure for modern digital payment rails, payment processing, back-end settlement of assets on capital markets and many other financial pieces of software and hardware. Open story ↗ Facebook’s cryptocoin Libra could become a worldwide currency, says CEO of fintech start-up Tally CNBC — “It literally threatens the governments that issue currency, the banks that store it and the actual transmission network,” said Brown, co-founder of the automatic debt payment and financial savings app. Open story ↗ First Principles of Investing in FinTech Greylock.com — There’s $7 trillion of market cap for U.S. based financial institutions. In most major industries, the “challenger” technology company is now the most dominant — Facebook, at $540bn, is the most valuable media company, and Amazon is 3x the size of Walmart, at close to $1tn in market value. Open story ↗ Exclusive: Fintech Startup Tally Raises $50 Million to Automate People's Finances Fortune.com — Tally, a San Francisco-based financial technology startup, has raised $50 million in new venture capital funding. Open story ↗ Fintech Unicorn Monzo Is Expanding Into the U.S. Fortune.com — With over 1.9 million customers in the U.K., on Thursday the rapidly growing banking unicorn Monzo announced plans to launch in the U.S.. Open story ↗ Fintech algorithms discriminate 40% less than traditional lenders Quartz — Algorithmic fintech lending is less discriminatory against minorities than traditional loan officers, according to a recent study of US mortgages. The findings signal hope that technology could provide financing that’s more fair, but the research also underscores how widespread discrimination remains. Open story ↗ The fintech way of sending money abroad Wamda — The Gulf is the world’s biggest source of outbound remittances worldwide and fintech startups are vying to disrupt the ultra-competitive sector, but regulatory hurdles and scaling difficulties will make it tough for unorthodox providers to succeed in the region. Open story ↗

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