Issue 256 · Feb 20, 2020 Weekly edition · 3 min read

Fintech News

In this issue we have again found a lot of interesting articles for you. In the top stories we present you an article Goldman Sachs whose goal is to become one of the leading digital consumer banks. We also have a

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Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status

CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.

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In this issue · 12 items

Visa Grants Coinbase Power To Issue Bitcoin Debit Cards Forbes — Credit card giant Visa has granted its principal membership to a cryptocurrency company for the first time. Open story ↗ The Fintechs Are Banks Now Bloomberg Opinion — If you are going to securitize bank loans, you will need a bank. You don’t need to be a bank, but you will need a bank to make the loans and assign them to you for securitization. Open story ↗ A vetting guide for banks mulling fintech partnerships By Paul Schaus American Banker — The explosion of fintech startups in the last decade has transformed predictions that they would be disruptors to now, partners in banking — a critical element to the next evolution in financial services in the 2020s. Open story ↗ Payboutique - our company of the week Payboutique is a licensed and PCI DSS Level 1 certified PSP with over 11 years of experience in the payment industry. You won’t find a single bad review about them! Payboutique works with all types of merchants, from all countries and offers multi-currency processing, APMs, 24/7 support and fast onboarding. Reach out to Christina at [email protected] to start processing today! Open story ↗ EU introduces AI strategy to build ‘ecosystem of trust’ Venture Beat — The European Commission today unveiled a sweeping set of proposals that it hopes will establish the region as a leader in artificial intelligence by focusing on trust and transparency. Open story ↗ Who Wants A Marcus Checking Account? A Lot Of People, According To One Survey Forbes — According to one of its top executives, Goldman’s stated aim is to become a “leading digital consumer bank.” Open story ↗ The Challenger Banks That Threaten to Disrupt Financial Institutions The Financial Brand — The road to success in the complex U.S. market is a tough one for fintech challenger banks. Open story ↗ Banking startup Level enters the high-yield savings race Bank Innovation — Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% savings account annual percentage yield. Open story ↗ Mobey Forum: Banks' big opportunity in digital ID won't last forever Finextra — Banks are at risk of losing their strong position in the development of national digital identity schemes to Big Tech giants and other globally networked firms, according to a report from industry association Mobey Forum. Open story ↗ Fintech and Blockchain vs. traditional banking Cloud Tweaks — Fintech, a term typically describing the small financial start-ups competing with established financial institutions, is increasingly playing a role in our business and private lives, making use of analytics, mobile platforms, digital technology and more Open story ↗ China taps blockchain technology to boost financing for businesses hit by virus CNBC — Since the Lunar New Year holiday, 87 businesses have received more than $200 million in loans through a cross-border, pilot blockchain finance platform, Xuan Changneng, vice director of the State Administration of Foreign Exchange, disclosed at a press conference on Saturday. Open story ↗ 7 hurdles to using AI in accounting and finance Tech Target — Setting realistic expectations and using the same quality control measures that employees must follow can ensure success when you apply AI to financial data and processes. Open story ↗

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Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status

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