Issue 251 · Jan 16, 2020 Weekly edition · 3 min read

Fintech News

This weeks issue starts with an early contender for the M&A deal of the year. Visa acquires the fintech Startup Plaid for $5.3 Billion. Another interesting top story of the week will show you 10 fintech forecasts for the

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Why Visa Is Buying Fintech Startup Plaid For $5.3 Billion

Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year.

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In this issue · 10 items

3 Futuristic AI Trends in Finance Sector: 2020 Edition Hackernoon — From the fraud prevention to driverless cars that navigate busy streets with ease, 2019 brought a dazzling array of artificial intelligence (AI) innovations. In 2020, AI is set to move towards collaboration in different sectors. Open story ↗ Artificial Intelligence: What Tasks Can Self-Learning Systems Really Perform For Finance? D!gitalist — Go to wherever you listen to your podcasts. Type in “artificial intelligence.” Fall down the rabbit hole. Open story ↗ 10 fintech forecasts for the ‘20s American Banker — The past decade has reshaped the financial system by introducing the first wave of emerging financial technology companies. Open story ↗ Apple Co-Founder Steve Wozniak On Technology, AI and Innovation in Bankingv The Financial Brand — In an exclusive interview and in a presentation at the Novathon conference, the Apple co-founder discusses his love for technology, his fears about artificial intelligence, and his perspectives on the potential for digital transformation. Open story ↗ Alternative data is not the enemy of underwriting American Banker — Fintechs — either on their own or in partnership with banks — are clarifying misconceptions surrounding alternative data, from its perception to real-life benefits. Open story ↗ Hong Kong hits major fintech milestone as half the city’s population signs up for HKMA’s Faster Payment System South China morning post — The development shows Hong Kong is moving quickly into a new era of branchless banking, said officials at the Asian Financial Forum Open story ↗ Fintech can be the silver bullet to banking the UK’s unbanked City A.M. — Can new technology help the 1.23m people in the UK who don’t have a bank account? Open story ↗ Thai Tycoon Who Owns Fortune Magazine Plans Fintech Acquisitions Bloomberg — A financial technology startup co-founded by the owner of Fortune magazine plans to widen the reach of its Southeast Asian remittance platform through acquisitions. Open story ↗ Banking And Fintechs Will Align More in 2020, Say CB Insights and Mastercard Forbes — The year ahead should be a good one for fintech, according to a study by CB Insights and Mastercard which sees an expansion of existing products and services rather than any radical innovation. Open story ↗ How Personalization Strategies Can Backfire on Financial Marketers The Financial Brand — Personalization of bank and credit union marketing efforts can improve service to many consumers, when it's carried out properly. Open story ↗

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Why Visa Is Buying Fintech Startup Plaid For $5.3 Billion

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