Issue 230 · Aug 15, 2019 Weekly edition · 3 min read

Fintech News

This weeks issue is about the future of digital banking. Also, it deals with the mega VC rounds which happened in the second quarter and our third top story this week is about the question if fintech unicorns are worth

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Fintech Gains Favor Among Teens

Your future clients are already getting familiar with mobile budgeting and financial planning apps, a survey finds.

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In this issue · 11 items

Solving America’s Retirement Problem Breaking Banks — Penny Crosman, Editor at Large for American Banker notes that while there are plenty of companies happy to help consumers who already have a sizable nest egg, relatively few are focused on those who’ve fallen short on saving for retirement. The void has left a small number of fintechs trying to fill the gap. Host JP Nicols will talk with Penny about about two of those this week, Finhabits and Kindur. Then Jason Henrichs will take a deeper dive into Kindur with founder Rhian Horgan. Open story ↗ China’s Fintech Revolution—The Ledger Fortune — Zhou Jing, president of Pintec, a Chinese fintech startup, explained the Chinese industry's rise as hinging on the proliferation of software applications and mobile phones. Open story ↗ The future of retail, mobile, online & digital-only banking technology Business Insider — The digital age is changing how people interact and do business on a day-to-day basis, and technological advancements are continuing to influence the future of banking around the world. Open story ↗ How Fintechs Can Leverage Artificial Intelligence Forbes — There seems to be ongoing confusion between machine learning (ML) and artificial intelligence (AI). Open story ↗ Fintech VC Funding Fueled By Mega Rounds In The Second Quarter Forbes — Fintech startups raised $8.3 billion in the second quarter, with $100 million-plus rounds fueling the growth. Open story ↗ 5 ways retailers adapting to fintech revolution Business Cloud — The digital transformation of finance is changing the way people think about shopping and as the FinTech industry matures, a wider range of products and services are being used by retailers online and in stores. Open story ↗ Vendors looking for Fintech solutions driving innovation Finextra — It seems that what is driving true innovation within the fintech community is not simply the jovial step of progress, [...] Open story ↗ How the fintech sector is exploding at Dubai's financial hub Arabian Business — Dubai International Financial Centre says number of licensed fintech firms jump from 35 to more than 80 in the first half of 2019 Open story ↗ Korean Fintechs Are Creating a Blockchain for Trading OTC Securities Coindesk — A blockchain platform for the trading of unlisted securities is being developed in South Korea, according to a report in the Chosun Ilbo. Open story ↗ EQ Bank Built Its All-Digital Bank On Modern Technology Forbes — When Equitable Bank in Canada, founded in 1970, decided to develop an entirely digital capability, it chose to create a new banking arm, EQ Bank. Open story ↗ Are these FinTech unicorns worth it? The Finanser — Last year, $111.8 billion was invested in over 12,000 start-up FinTech firms worldwide, according to KPMG. Open story ↗

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Fintech Gains Favor Among Teens

Finance intelligence, minus the noise.

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