Issue 284 · Oct 1, 2020 Weekly edition · 3 min read

Fintech News

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How Fintech Can Help The Financial Health Crisis

According to research from Cornerstone Advisors, roughly one in five Americans’ financial health situation is “dire.” Nearly half of the consumers in this segment can’t pay their bills on-time and in-full all of the time, and about three-quarters can’t make their loan payments every month.

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In this issue · 11 items

The Pandemic Plutocrats: How Covid Is Creating New Fintech Billionaires Forbes — In 2015, Nick Molnar was living with his parents in Sydney, Australia, and selling jewelry from a desktop computer in his childhood bedroom. Open story ↗ 4 'Must Watch' Megatrends in Wealth Management Think Advisor — The pandemic might have accelerated some of these moves, but the industry was already headed there. Open story ↗ Digital Transformation Demands a Culture of Innovation The Financial Brand — Genuine digital transformation of banking means reimagining, not just putting technology lipstick on a legacy pig. This means building a legacy culture that can move a financial institution from 'business as usual' to a competitive force in the marketplace. Open story ↗ 3 Fintech Opportunities For Entrepreneurs Beyond 2020 Entrepreneur — The financial services industry has seen severe disruption, but that has only opened opportunities for entrepreneurs to leverage technology to deliver services more efficiently. Open story ↗ Gusto is expanding from payroll into a full suite financial wellness platform Tech Crunch — When we caught up with Gusto last year, the small business payroll startup had just raised $200 million and was launching a new office in New York City. Open story ↗ Are our payment systems irrelevant? The Finanser — SWIFT, VISA, MasterCard and other regional and national systems like BACS, CHAPS, CHIPS, Fedwire and such like, were all created in the 1970s or thereabouts. Open story ↗ Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot Coindesk — As the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains. Open story ↗ Amazon rolls out palm payment technology Finextra — Amazon has unveiled technology that lets shoppers at physical stores pay for their purchases by scanning the palm of their hands. Open story ↗ On Multiplayer Fintech Medium — Over the past decade, the desire to share and collaborate has fueled the rise of multiplayer software across many markets and industries: files, documents, design projects, software development, photo boards, and more. Open story ↗ Swift to move into low-value consumer payments market Finextra — Interbank messaging network Swift is to move into the low-value remittance market, providing member banks with the means to make instanteous transactions across borders for small and medium-sized companies and consumers Open story ↗ The Bitcoin Family: Still on the Road—After Three Years! Decrypt — In 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family? Open story ↗

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How Fintech Can Help The Financial Health Crisis

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