Issue 275 · Jul 20, 2020 Weekly edition · 3 min read

Fintech News

Share in X

Fintech goes Public

Jannick Malling, the CEO of Public, a social investing app backed by the likes of Will Smith and JJ Watt, explains how platform technologies are transforming the "experience" of investing for millennials. Plus, how the company won international plaudits for its decision to block its customers from participating in Hertz’s troubled $1 billion stock offering.

Read the full story ↗

In this issue · 11 items

Wirecard Fraud Is Risk Management Lesson For Fintech Companies Forbes — A fintech blog commenting on the Wirecard scandal stated: “Valued at €24 billion and part of Germany’s prestigious DAX stock index, it surprised and disappointed everyone when its auditors announced on June 18 that more than $2 billion in cash had disappeared.” Open story ↗ Exclusive: Goldman-backed startup Bond raises $32M to let any company offer banking Fortune — Apple launched a credit card last year that offers special rewards for those who make purchases with an iPhone or use it to buy the company's products. The card is a new line of business for Apple but also a way to tighten its relationship with loyal customers. Open story ↗ The enormous opportunity in fintech Venture Beat — While the category has heated up quickly, the sheer size of the fintech opportunity suggests that these exits are just the tip of the iceberg. In the next five years, fintech will drive some of the biggest VC exits. Open story ↗ HSBC signs multi-year deal with Amazon Web Services Finextra — HSBC has signed a long-term strategic cloud deal with Amazon Web Services to create a more personalised banking experience for its millions of customers worldwide. Open story ↗ Fintech Needs IDIoTs Forbes — A generation on from the famous “on the Internet nobody knows you’re a dog” cartoon that became a staple of management consultants’ presentations ever after, the situation is now far worse. Open story ↗ Jack Ma’s fintech giant tops 1.3 billion users globally Tech Crunch — The speculation that Alibaba’s fintech affiliate Ant Group will go public has been swirling around for years. New details came to light recently. Open story ↗ Monzo to charge users for account aggregation features Finextra — Monzo is to charge account holders £5 a month to get hold of account aggregation features in its mobile app, a service which other banks serve up as part and parcel of their digital offerings. Open story ↗ Betting on the future: The VCs backing ‘decentralised’ finance Sifted — Venture capital might not seem like a natural home for those dismantling the financial system. Open story ↗ Bitcoin Has American Mindshare but Few Users Coindesk — J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and is a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Open story ↗ IRS Sued by Ex-Coinbase User Over Seizure of Financial Records Coindesk — A former Coinbase user who last August received the now-infamous Internal Revenue Service (IRS) crypto letter is suing to block the tax agency from unlawfully seizing private financial records. Open story ↗ How One Fintech Unicorn Became A Fashion Destination Forbes — As the world moves rapidly online, the distinction between B2B and B2C is becoming increasingly hazy. Today, consumers have more visibility and connection to businesses further up the value chain. Open story ↗

← Previous issue Fintech News Next issue → Fintech News

Fintech goes Public

Finance intelligence, minus the noise.

Good questions. Clear answers.

Imprint