Issue 294 · Dec 10, 2020 Weekly edition · 3 min read

Fintech News

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Top 5 Banking And Fintech Trends For 2021

I’ve never been a big fan of “Year of the [fill-in-the-blank]” proclamations. Google the term “year of the customer” and you’ll find that every year for the past 15 years has been heralded as the year of the customer.

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In this issue · 11 items

DBS Bank’s Digital Exchange to Begin Trading Crypto ‘Next Week’ Coindesk — The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange. It will also provide tokenization of securities and other assets, as well as bank-grade custody for digital assets. Open story ↗ a16z Podcast: The ‘Holy Grail’ of Social + Fintech Andrehen Horowitz — The intersection of social and finance—as well as shifting attitudes around what we share about money online—have given way to an ambitious new wave of financial products. Open story ↗ China regulator puts country’s fintech giants on notice hinting at more rules CNBC — China’s top banking regulator questioned the power of the country’s large financial technology companies in areas from data privacy to market dominance. Open story ↗ PPP left many small businesses behind. Next stimulus cannot do the same. American Banker — As legislators debate another coronavirus relief package, they must include three components: one stimulus directed toward small businesses, another for individuals and a third that makes bank regulation part of the solution, rather than part of the problem. Open story ↗ Pandemic brings surge in business for Middle East’s fintechs The Financial Times — Some of the world’s strictest lockdowns and restrictions were imposed across the Gulf states to combat coronavirus. They caused havoc across oil-reliant economies already hit by low crude prices. Open story ↗ Fintech, regtech and the role of compliance 2021 Reuters — The year 2020 has been a year of digital transformation and acceleration to meet the challenges of the COVID-19 pandemic. Open story ↗ UBS CEO Ralph Hamers' Fintech Trends for 2021 Finews — The Singapore Fintech Festival is currently discussing the hot new trends for the fintech business in 2021. UBS Chief Executive stayed in Switzerland, but he can be trusted to know where things are heading. Open story ↗ Brits still wary of trusting neobanks Finextra — Despite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest. Open story ↗ Fintech firm Revolut takes aim at Stripe with payment software for businesses CNBC — Revolut’s new acquiring solution lets firms install plug-in checkout software or build their own custom features to take card payments online. Open story ↗ Solactive, a German fintech, takes a $60.4M growth investment from Summit Partners Tech Crunch — German fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4m / €50 million minority investment from growth investor Summit Partners. Open story ↗ Everything Changed In 2020. Will Fintech Ever Be The Same? Forbes — 2020 is the year consumers, merchants, financial institutions and businesses alike learned to quickly adapt to new behaviors, procedures and mandates in response to COVID-19. Open story ↗

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Top 5 Banking And Fintech Trends For 2021

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