Issue 250 · Jan 9, 2020 Weekly edition · 3 min read

Fintech News

Are we living in a golden decade of banks and technology? That's Mike Mayo of Wells Fargo says. Find the answer in this weeks top stories. Another interesting article will answer the question of how banks can beat

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Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’

Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.”

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In this issue · 14 items

Seriously, Can Fintechs Really Beat Banks In 2020? Yahoo Finance — On day one of this new decade, here are a few Points on fintech startups maturing into banks, and banks mastering fintech. Open story ↗ Aging Japan: Banks turn to technology to tackle looming demographic crisis Nikkei Asian Review — Elderly -- and vulnerable -- Japanese hold half the country's $17 trillion in financial assets Open story ↗ Singapore Sees ‘Strong Interest’ in Digital Bank Licenses Bloomberg — Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licenses, the financial regulator said. Open story ↗ How Machine Learning is reducing loan defaults and easing debt recovery Money Control — Machine Learning is helping new age Fintechs to streamline the entire lending process, even as they comply with regulatory guidelines. Open story ↗ Why Fintech Challengers May Not Conquer Banking After All The Financial Brand — The most common challenger bank model may not be sustainable, Accenture banking leader Alan McIntyre bluntly predicts, but neither is the traditional, small-scale banking model. Open story ↗ Artificial Intelligence Became Increasingly Important Among Fintech Firms, According to IT Company Fininbox Crowdfund Insider — Fininbox, an established banking software-as-a-service (SaaS) provider, has identified three main Fintech trends or developments that helped shape the financial technology industry last year. Open story ↗ JPMorgan Chase moves to block fintechs from screen scraping Techtelegraph — JPMorgan Chase plans to block fintechs from screen scraping — obtaining usernames and passwords of customers, logging in as them, and copying and pasting their account information into a database. Open story ↗ How Banks Can Beat Fintechs in the War for Millennials and Gen Z The Financial Brand — Integrity and authenticity are more important than product offerings or even innovation in driving consideration of financial institutions among younger consumers. Open story ↗ 389. Interviews: Kosta Peric, Financial Services for the Poor, Gates Foundation 11FS — In today's episode, we bring you an interview with Kosta Peric, Deputy Director of Financial Services for the Poor at the Bill & Melinda Gates Foundation. Laura Watkins caught up with Kosta at Fintech Connect 2019 and the pair discuss the foundation, its open-source banking code project, and the growth of fintech to help underserved communities. Open story ↗ 4 Fintech Predictions for 2020, Explained Tech Round — Next year in fintech will be marked with enhanced customer service, improved payment options, disruptive technologies and growth of regtech Open story ↗ Why securing the fintech ecosystem is vital The Scotsman — The financial services sector has gone through a myriad of changes as the demand for more access and instant transactions has grown Open story ↗ 13th Asian Financial Forum The latest fintech innovations and next-gen ideas will be showcased at the Asian Financial Forum, Asia’s leading platform for global financial and business leaders, fintech innovators and entrepreneurs as well as investors and venture capitalists to exchange insights, intelligence and business opportunities in the dynamic markets of Asia and beyond. Open story ↗ Fintech Must Meet Cleantech. Fast. Daily Fintech — It’s hard to think about much else in Australia right now, other than bushfires. They are consuming our media and our daily discussions with friends, neighbours and work colleagues. Open story ↗ 5 Opportunities for Fintech Disruption in Latin America Nasdaq — In the past four years, investment in Latin American startups has more than quadrupled. Open story ↗

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Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’

Finance intelligence, minus the noise.

Good questions. Clear answers.

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