Issue 271 · Jun 11, 2020 Weekly edition · 3 min read

Fintech News

In the three Top Stories of this week you will find articles on the topics: The New Face of Banking for Generation Z, the Second Wave of Disruption, and Amazon's progress in the loan business. Thanks for reading - Max

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Fintech versus Traditional Banking

Fintechs include any financial tech company that serves any of the following areas; lending, blockchain, Regtech, personal finance, payments and billing, insurance, capital markets, wealth management, money transfer and anything to do with the mortgage process.

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In this issue · 11 items

N26 CPO on Digital Banking, Building Trust, and More: Spiros Margaris Interview Fintech News Switzlerland — Switzerland based venture capitalist and fintech expert Spiros Margaris has released the first video interview of his new series @SpirosMargaris & Friends. Open story ↗ Amazon unveils small business credit line with Goldman in latest tie-up between tech and Wall Street CNBC — Small business owners who sell on the e-commerce giant’s platform will soon be receiving invitations from Goldman’s Marcus brand for revolving credit lines with a fixed annual interest rate of 6.99% to 20.99%, according to people with knowledge of the offering. Open story ↗ Is this the new face of Generation Z banking? Sifted — Forget fancy apps and metal cards. A new breed of "messenger banks" are breaking onto the scene. Open story ↗ Libra Association names Credit Suisse exec Daines chief compliance officer Finextra — As it looks to get regulators onside, the Libra Association has brought in Credit Suisse's head of financial crime compliance, Sterling Daines, as chief compliance officer. Open story ↗ The second wave of fintech disruption: three trends shaping the future of payments Finextra — As many parents of adult children do, I recently offered to help my son manage his mortgage application. And, while I was of course delighted to see everything go through in the end, part of me wished I hadn’t got involved. The bank’s processes were ugly and cumbersome, with seemingly endless paperwork, various mobile portals and old-world ways of working squeezed on to digital channels. Open story ↗ iBanFirst raises $23.8 million for its borderless financial services Tech Crunch — French startup iBanFirst has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund. Open story ↗ Fintech’s Race Problem Medium — One reason I, along with many people of color, have found fintech to be especially interesting has to do with its potential — in the right hands — of dramatically increasing financial opportunities for people who have long been underserved in the financial economy. Open story ↗ Can the UK's fintech start-ups survive coronavirus? The Telegraph — Many 'unicorn' start-ups are scaling back their plans for 2020 because of financial uncertainties caused by the pandemic Open story ↗ Pinwheel is the API platform for income verification that every fintech and neobank needs Tech Crunch — A lot of founders start building one idea and in the process, find another one that is more alluring. Open story ↗ 40% of New Fintech Firms in Hong Kong Operate With Blockchain Cointelegraph — Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Open story ↗ Fintech insurance startup Lemonade just filed for an IPO Fast Company — Lemonade, a startup that sells insurance to renters and homeowners (not to be confused with the Beyoncé album and film), filed for an IPO on the New York Stock Exchange today, estimating it will raise about $100 million. VCs estimated its current valuation at $2.1 billion, making it another potential unicorn. Open story ↗

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Fintech versus Traditional Banking

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