Issue 287 · Oct 22, 2020 Weekly edition · 3 min read

Fintech News

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Why Fintech is the Future of Banking?

Financial sector lacks technology products to reach every user wherever they are located. Today around 2.5 billion people (out of 7.8 billion world population) do not have access to financial services.

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In this issue · 11 items

Insurance Innovators Digital Summit Digital Summit brings you 8 half day episodes, livestreaming twice a week throughout November. Hear from 100+ international speakers, take part in live chats and Q&As, and network with 2000+ attendees from wherever you are in the world. Each episode also be available to watch on-demand! Open story ↗ Fintech's Wildfire Fighter: This Reinsurer Is Using A.I. To Make California Insurance Affordable Forbes — This year, California wildfires have torched 1.4 million acres, an area bigger than Connecticut. Nine thousand homes and other structures have burned. Open story ↗ The end of free bank accounts is bad news for Monzo and its rivals Wired — Banks might be forced to charge millions of people to keep their bank accounts open. For fintechs fighting to break even, it could be fatal Open story ↗ 6 fintech trends that will redefine the future of finance South China Morning Post — Technology expected to play pivotal role in helping 1.7 billion people around the world who still have no access to financial services Open story ↗ Rich Data Spurs Intelligent Risk Transfer, Cuts Time To Recovery Daily Fintech — In the past few days, promising insurtech ventures competed for top honors, based on impact to the insurance landscape. Innovators were awarded in categories of underwriting platforms, analytics usage among others. Open story ↗ B2B fintech startups descend on Singapore Nikkei Asia — City-state lures foreign entrepreneurs with special visas and financial support Open story ↗ PayPal to open up network to cryptocurrencies Reuters — PayPal Holdings Inc PYPL.O said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. Open story ↗ Ant Unveils Blockchain Product as Group Approved for World’s Biggest IPO Coindesk — Ant Group continues to roll out blockchain-based platforms, announcing a way for content creators to protect their copyright on Thursday. Open story ↗ Visa Takes Stake in U.K. Fintech Global Processing Services Barron's — Two weeks after Mastercard invested in Marqeta, its archrival, Visa, has taken a stake in another fintech, Global Processing Services, or GPS. Open story ↗ Kraken Relaunches Crypto Trading in Japan After Two-Year Break Coindesk — U.S.-based crypto exchange Kraken is once more letting Japanese residents fund their accounts and trade crypto on its platform. Open story ↗ Visa Tap to Phone contactless payments programme goes global Finextra — Visa has launched its Tap to Phone technology, which enables Android handsets to be used for accepting NFC payments, in more than 15 markets, with the US to follow in 2021. Open story ↗

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Why Fintech is the Future of Banking?

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