Issue 295 · Dec 17, 2020 Weekly edition · 3 min read

Fintech News

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Our favourite fintech apps of 2020

Team AltFi may have spent most of 2020 in lockdown... but we also downloaded quite a few apps.

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In this issue · 10 items

IBM to Acquire Fintech Expertus The Motley Fool — The deal bolsters IBM's payments-as-a-service offerings. Open story ↗ FinTech and the Risks of Terrorist Financing in Indonesia The Diplomat — New financial technologies hold out great benefits to developing nations, but they also come with considerable risks. Open story ↗ The Big Ideas Fintech Will Tackle in 2021 Andreesen Horowitz — The reason PPP has fallen short and many stimulus checks went unsent this year is that, when it comes to money, there is no direct connection between consumers and government. Open story ↗ Collaboration Is The New Competition In FinTech Forbes — Nearly every industry had to pivot, in multiple ways, to adapt to the challenges brought on by 2020. Open story ↗ Lydia raises another $86 million to build a European financial super app Tech Crunch — French fintech startup Lydia has extended its Series B round. Accel is leading the extension with all major existing shareholders also participating. Open story ↗ SEC fines Robinhood $65m over trade dealings FinExtra — According to the SEC’s order, between 2015 and late 2018, Robinhood made misleading statements in customer communications about its largest revenue source - payments from trading firms in exchange for Robinhood sending its customer orders to those firms for execution. Open story ↗ Could Amazon start a bank? The FDIC has opened the door. Chicago Tribune — Amazon.com, Facebook, Walmart and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator is smoothing the path for nonbanks to get into lending. Open story ↗ Blockchain Bites: Bitcoin Crushes All-Time High, Surges Above $20K; ‘Free Ross’ Movement Gains Trump’s Ear Coindesk — It’s a good day to be a bitcoiner. The top cryptocurrency by market cap officially crossed the $20,000 level, according to CoinDesk’s Bitcoin Price Index. Open story ↗ GoCardless raises another $95M as it bets on open banking alongside its recurring payments network Tech Crunch — GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has raised $95 million in Series F funding. Open story ↗ The Big Banks Positioned to Ride Bitcoin’s Bull Run CoinDesk — Traditional banks are now taking the plunge and coming out with crypto-related services. The shift coincides with bitcoin’s price hitting all-time highs in December. Open story ↗

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