Issue 224 · Jul 4, 2019 Weekly edition · 3 min read

Fintech News

FinTech News Issue #224 is about five really interesting facts on fintech. Also, it shows where fintech is at the moment and where it is leading us. Another top story of the week is the question if banks can beat

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GIC Says Big Banks Can Beat Fintech Startups (If They Hurry)

One of the world’s biggest sovereign wealth funds says traditional banks can weather the rising tide of fintech rivals if they build similar offerings like mobile banking services before regulators open the flood gates.

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In this issue · 11 items

Here is a look where fintech is leading us and why Dataconomy — Fintech is opening floodgates of opportunity for ambitious startups that previously had no hopes of overcoming barriers to entry in the finance field. Open story ↗ Warren Buffett’s Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason? Yahoo Finance — As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. Open story ↗ Fintech Trends for 2020— Facebook Project Libra, Amazon, and Millennials: The Ledger Fortune — Now that we've had a little more than a week to decompress from our time in Montauk for Brainstorm Finance, we've been reflecting on everything we learned and culling the key trends that emerged from our discussions with top executives. Open story ↗ World's central banks tackle technology with innovation hub Reuters — Central banks grappling with fast-changing financial technology and companies like Facebook (FB.O) moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. Open story ↗ Open Banking is less about technology, more about people Medium — You may have seen that I am currently right in the middle of a series of interviews on Open Banking. I talked to a lot of bankers, both on an informal and on a formal way, and I will talk to a lot more. Open story ↗ Hundreds of German fintech startups have gone bust since 2017 Yahoo Finance — Investments in Germany’s booming fintech sector may have doubled in the first quarter of 2019 from the same period a year before, but a new PwC Germany study reveals a flip side to the story, as hundreds of companies have quietly died off unnoticed. Open story ↗ How Banks Are Leveraging Blockchain Technology Hackernoon — Banks are researching blockchain technology to reduce costs. Open story ↗ The Solution To The Fintech IPO Shortage Forbes — The year 2019 seems set to be a record-setting one for venture capitalist exit value capture by means of tech IPOs. But fintech doesn't seem to be a part of this picture.[....] Open story ↗ Banks and fintech partnerships: a clash of extremes LinkedIn — “We really like their technology and the unique value they bring to clients. Nevertheless, they recently stole two good clients from us, so we will not disclose any more information and there’s no way that we will partner with them.”[...] Open story ↗ Five Facts on Fintech IMF Blog — From artificial intelligence to mobile applications, technology helps to increase your access to secure and efficient financial products and services. Open story ↗ Fintech: Fast and furious Fortune India — Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment. Open story ↗

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GIC Says Big Banks Can Beat Fintech Startups (If They Hurry)

Finance intelligence, minus the noise.

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