Issue 262 · Apr 2, 2020 Weekly edition · 3 min read

Fintech News

A new week a new edition of FintechWeekly. This week we have an article in our Top Stories about the strong increase in usage of Fintech apps. There is also news from Plaid. They plan to make a Fintech App out of Excel.

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Let fintechs make SBA loans

America’s 30 million small businesses are facing an unprecedented challenge as COVID-19 requires people to stay at home, and business owners to shut down to prevent the spread of the virus.

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In this issue · 11 items

Coronavirus Drives 72% Rise In Use Of Fintech Apps Forbes — The coronavirus pandemic is resulting in a sharp increase in people using fintech apps. Open story ↗ How will fintechs survive a new financial crisis? Roll Call — Fintech Beat sits down with Jonah Crane to discuss how important (or not) is size in surviving the economic slowdown, and whether firms and customers can transition regulatorily and technologically in time to protect themselves. Open story ↗ 8 New Fintech Ebooks to Read While in Covid-19 Quarantine Fintechnews Switzlerand — The ongoing COVID-19 pandemic has prompted a global shutdown never seen before. Open story ↗ Microsoft partners Plaid to turn Excel into a fintech app Finextra — Microsoft has teamed up with Plaid to let people automatically import their bank and credit card account data into a new personal finance tool called Money in Excel. Open story ↗ How Did the Chinese Fintech Industry Respond to COVID-19? Crowdfund Insider — With the outbreak of the COVID-19, more and more people and groups have joined the fight against it Open story ↗ Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them Forbes — Square and Twitter CEO Jack Dorsey says the government can use Square's money-transfer app, Cash App, to send money faster to consumers. Open story ↗ Cybersecurity: 7 Hidden Risks of Fintech Industry Payments Journal — The fintech services have made a great transformation in terms of market value and are expected to reach nearly 4.8 trillion by the end of 2020. Open story ↗ Were There Signs Of A Slowdown In The FinTech Market Back In December 2019? Forbes — I didn’t know the COVID-19 situation would happen and hold the economy and our freedom to move, at ransom. Open story ↗ Fintech During The Coronavirus Pandemic: Helping People With Mental Health Conditions Manage Money Forbes — The public seen taking their one period of daily exercise permitted during the coronavirus lockdown at Primrose Hill in London, United Kingdom. Open story ↗ Small Businesses Depend on the Stimulus Package. The Stimulus Will Depend on Fintech. a16z — There are 30 million small businesses in America, and in the face of government-ordered quarantines, many are on a death spiral as their revenues approach zero and expenses accumulate. Open story ↗ Which Fintech sectors will emerge fighting fit from the current Covid-19 crisis? Finextra — Whilst the current pandemic induced crisis is yet to reach its peak, and is leaving a trail of personal and economic destruction, we should expect a new landscape to emerge, in many respects, when the dust settles. Open story ↗

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