Issue 286 · Oct 15, 2020 Weekly edition · 3 min read

Fintech News

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5 Bank And Fintech Partnership Ideas To Generate Revenue

Among banks and credit unions planning to partner with fintechs, 86% cited “improve the customer experience” as a top priority, followed by roughly four in ten who mentioned reducing operating expenses or fraud as a top priority.

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In this issue · 10 items

The Fed, fintech and corporate bond markets Roll Call — Chris White, the CEO of Bondcliq, explains why the Fed's attempts to save the economy through corporate debt purchases needs an upgrade, starting with the bond market itself. Open story ↗ What’s next for post-pandemic fintech innovation? Global Banking and Finance Review — Even before 2020, FinTech was fundamentally transforming the way financial services operate. Established market players have been forced to step up their use of technology to keep pace with challenger banks and FinTech start-ups. Open story ↗ Fintech wins when bank stocks go down, Jim Cramer says CNBC — “Whenever the bank stocks go down, we immediately get a massive amount of option-call buying in PayPal and Square,” CNBC’s Jim Cramer said. Open story ↗ Accelerator launches a greener future in fintech Finextra — Richard Peers, Responsible Risk speaks to Abradat Kamalpour, partner and architect of FinTech Legal Labs, Anna-Marie Slot, Ashurst's Global Environmental, Social and Governance partner, and Sara de la Torre, Director, Digital Transformation, Financial Services at Hitachi Vantara, about their collaboration, which aims to accelerate a greener future in fintech through data-driven analysis of sustainable business initiatives. Open story ↗ PayPal takes aim at Klarna with ‘Pay in 3’ service for UK shoppers CNBC — PayPal is launching a “buy now, pay later” service in the U.K. that lets shoppers finance their purchases over three interest-free monthly instalments. Open story ↗ Challenger bank accessing latest anti-money laundering technology through fintech Computer Weekly — Challenger banks works with fintech to support its anti-money laundering efforts Open story ↗ Or Will CBDCs Destroy Banking? The Finanser — I keep wondering about the future. Governments vs Libertarians? Centralised vs decentralised? DeFi vs CBDC? Open story ↗ New Zealand Man Charged With Money Laundering Via Crypto and Luxury Cars Coindesk — A 40-year-old man from Auckland, New Zealand, faces a wave of charges for money laundering via allegedly shady cryptocurrency transactions and luxury car purchases. Open story ↗ Wealthsimple achieves $1.5 billion valuation on new fundraising round Finextra — Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X Open story ↗ Fintech boom prompts Justice to revisit bank merger guidance Roll Call — DOJ asking public whether online lenders and their ilk should factor into decisions on competitive effects of proposed mergers Open story ↗

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5 Bank And Fintech Partnership Ideas To Generate Revenue

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