Issue 240 · Oct 24, 2019 Weekly edition · 3 min read

Fintech News

This weeks top stories are about Blockchain, AI and big data in finance and about the question if fintech startups are more ethical than banks? Thank you for reading - Max and the FinTech Weekly Team

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How Digital Lending Startups Are Using Technology For SMBs Financing

SMBs not only employ more than 50 Mn people but also contribute almost one-third of the GDP

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In this issue · 10 items

Are Fintech Startups More Ethical Than Banks? Forbes — There’s a misguided notion permeating the banking industry: That fintech startups are somehow more ethical than legacy banks, or that there is a fintech “ethos” that distinguishes fintechs from banks (and somehow makes fintechs morally superior). Open story ↗ The Speculative Case For $1000 ETH (If Ethereum Is Valued As A Fiat Payment & FinTech Platform) Zero Hedge — I’ve already written about how investors in the red hot payments sector are underestimating the disruptive threat of stablecoins and thus overvaluing the existing business models of proprietary networks. Today I’m going to argue crypto investors are making a similar mistake, and thus undervaluing ETH. Open story ↗ Luge Capital raises $85M to invest in Canadian fintech startups Tech Crunch — There are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector. Open story ↗ Fintech Revolut to launch in the U.S. by year-end with Mastercard deal Reuters — Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday. Open story ↗ Stop taking Britain’s glittering fintech status for granted City A.M. — The preaviling narrative in the UK is that the Europeans were deeply disappointed by the 2016 Brexit referendum result, and have been imploring Britain to think again. Open story ↗ How Three FinTech Startups Are Disrupting Retirement Planning, Blending Human And Tech Forbes — The past decade saw the emergence of a number of digital investing solutions, such as Robinhood, Wealthfront, Betterment, Acorns, and a slew of others, all aiming to democratize access to investment products through low-cost, digital-only solutions. Open story ↗ Blockchain: Is it the future of FinTech? IT Pro Portal — Blockchain is poised for adoption if it can fix one issue: immutability of each transaction. Open story ↗ 4 Crucial Steps to Transform Banking Products for a Fintech World The Financial Brand — Banking products are complex, undifferentiated and priced in a way that only an accountant would love. Open story ↗ What can AI and big data do for finance? City A.M. — From October 2015, when the AlphaGo AI first beat a professional human competitor, to January 2018, several months after it defeated Ke Jie, the top-ranked player in the world, AI’s popularity had tripled as measured by Google Trends. Open story ↗ Study Proves Being a Digital Banking Leader Boosts Financial Returns The Financial Brand — Being a digital banking fast follower may seem to be the safe play, but coming in behind the leaders no longer produces the results that financial investors will reward. Open story ↗

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How Digital Lending Startups Are Using Technology For SMBs Financing

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