Issue 296 · Dec 24, 2020 Weekly edition · 3 min read

Fintech News

We wish all our readers a Merry Christmas and a few peaceful hours with their families.

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Three predictions for FinTech Infrastructure in 2021

Many small businesses who tried to apply for a Paycheck Protection Program loan during the early days of the pandemic can tell you what a nightmare it was. I know, because it happened to my mother.

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In this issue · 10 items

The future of fintech is female Raconteur — Fintech may have shaken up the financial landscape, but in terms of diversity, there remains much to be done. Four leading women in the world of fintech share their views Open story ↗ A Year in Fintech in 50 Words Andreesen Horowitz — This year, as “every company becomes a fintech company,” fintech surged into mainstream consciousness. The fallout from COVID-19 crippled the economy, depressed small businesses, and scrambled many people’s financial outlooks. But it also fueled a wave of innovation as fintech companies rose to the challenge. Open story ↗ Citi builds fintech marketplace Finextra — Citi is building a marketplace of third party fintech apps, signing data access agreements to customer-approved accounts with eight startups and data aggregators. Open story ↗ 7 FinTechs Fueling Financial Inclusion Forbes — Traditional banking historically targets the rich. Banks compete for their business and profit off their balances and transactions. Open story ↗ China could restrict bank tie-ups with fintech platforms, official suggests Reuters — China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday. Open story ↗ What is Really New in Fintech IMF Blog — The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. Open story ↗ Fintech in 2021: Embedded Finance, Sustainability and more Finextraa — Fintech, along with the rest of the world, has had an extraordinary 2020. Major scandals have rocked the industry, but at the same we’ve marked significant advances that will help to point the way to a better future of finance. Open story ↗ 5 crucial bitcoin predictions for 2021, from a fintech expert CNBC — This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000. Open story ↗ What are VCs looking for in fintechs? Raconteur — Can investors see potential just by looking fintech founders in the eyes? Here’s what three of the world’s leading venture capital firms think 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 ↗

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Three predictions for FinTech Infrastructure in 2021

Finance intelligence, minus the noise.

Good questions. Clear answers.

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