Issue 244 · Nov 21, 2019 Weekly edition · 2 min read

Fintech News

Is AI really supposed to have an impact on high-skill U.S. jobs, including finance? Have we reached the peak fintech? Platform fintechs are coming - how should Startups respond? These and a lot more interesting topics

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Banks must behave ‘more like technology companies’ to survive, finance execs say

Banks must operate more like technology companies in order to stay relevant for years to come, executives in the financial services industry say.

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In this issue · 12 items

AI Poised to Impact High-Skill U.S. Jobs, Including Finance Yahoo Finance — (Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast. Open story ↗ Opera’s Africa fintech startup OPay gains $120M from Chinese investors Tech Crunch — Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Open story ↗ Have we reached “peak fintech”? New Statesman — Business and banking are being presented with opportunities to benefit from digital insights like never before. Open story ↗ Fintech: The Fourth Platform - Part One Forbes — This is part one of a two-part essay diving into the future of fintech. Open story ↗ Alternative Lenders Continue to Steal Business From Banks The Financial Brand — The banking industry has enabled alternative providers to impact the competitive balance for payments, investments and deposits. Open story ↗ ABN Amro doubles down on fintech venture fund Finextra — ABN Amro has doubled the size of its fintech venture fund from EUR50 million to EUR100 million, as it continues its search for startups with potential to reshape the future of financial services. Open story ↗ Platform Fintechs Are Coming - How Should Startups Respond? Forbes — There's a key new player in the global financial services space. Open story ↗ Should ‘Fintech’ Fear Big Tech’s Push Into Banking? Fortune — All of a sudden, Big Tech is rushing into financial services. Open story ↗ Fintech Regulation Needs More Principles, Not More Rules Fortune — These are exciting times for our derivatives markets. From blockchain to digital assets, innovative financial technologies are changing the way derivatives markets work. Open story ↗ A case for Dubai as a fintech hub Wamda — This is an exciting time for the financial services sector. We are witnessing unprecedented change in the global financial landscape, […] Open story ↗ London’s fintech boom helps drive record year for US investment City A.M. — US venture capital firms have pumped record amounts of money into London and UK companies this year as flourishing fintech firms continue to charm investors, new data has revealed. Open story ↗ Insurance Innovators: USA 2020 Landing in 2020 – Europe’s leading insurance conference is coming to America. Open story ↗

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Banks must behave ‘more like technology companies’ to survive, finance execs say

Finance intelligence, minus the noise.

Good questions. Clear answers.

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