Issue 302 · Feb 4, 2021 Weekly edition · 3 min read

Fintech News

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Robinhood Is A Perfect Example Of Fintech's Insidious Power

To spite “hedge fund bros,” retail investors led a surge in GameStop’s stock price largely through the trading app Robinhood. While progressives relished watching Wall Street’s old guard scramble amid the chaos, fintech firms like Robinhood — apps for lending, investing, and so on — certainly aren’t seeking an end to financial capitalism.

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In this issue · 11 items

The GameStop Stock Frenzy Is Turning Into A Cautionary Tale For Fintech. Forbes — When a crusading group of retail traders decided last week to bid up the price of GameStop shares, the target was Wall Street. Empowered by Reddit and the commission-free trades of Robinhood’s online trading app, they succeeded in putting the squeeze on hedge funds that had shorted GameStop. Open story ↗ Why Bank + Fintech Partnerships Are Going Nowhere The Financial Brand — Too many institutions treat relations with fintechs as an afterthought, rarely making these deals anybody's job. Often these alliances aren't focused on revenue-building opportunities, which tends to reduce their priority. No wonder the payoff is so meager. Meanwhile opportunities with Google and Amazon beckon. Open story ↗ AI most mentioned trend among top 10 fintech influencers on Twitter during Q4 2020, reveals GlobalData Global Data — Artificial intelligence (AI), banking and insurtech emerged as the most mentioned trends among fintech influencer discussions on Twitter during the fourth quarter (Q4) of 2020, according to GlobalData, a leading data and analytics company. Open story ↗ PayPal Q4 Transaction Revenue Rose 11.8% in 1st Quarterly Report Since Adding Crypto CoinDesk — Customers who bought crypto through the platform have been logging in twice as much as they were before, the payments giant said. Open story ↗ Bezos May Be Stepping Down, But Amazon Banking Ambitions Remain The Financial Brand — The architect of 'The Everything Store' may be moving to a different role, but the behemoth he built — and the team that did the heavy lifting — will offer financial institutions both competition and partnership opportunity. Open story ↗ Tom Blomfield on what purpose-driven banking means Chris Skinner's Blog — I’m working on a new book project. You might have spotted the themes in my recent blog entries but, if not, it’s all about purpose. The tagline is: if you don’t stand for something, you fall down, and is focused upon stakeholder capitalism. Open story ↗ Unfolding Of 2021 For the Fintech Sector Entrepreneur — For a significantly long period of non-touch, everything meant growth continued for the sector Open story ↗ Banking on the Stablecoin: A Brilliant Fintech Future Finance Magnates — The case for stablecoin continues to strengthen Open story ↗ Why 2021 Will Be An Exciting Year For Fintech Betakit — Last year, the world was crippled by COVID-19. But for the FinTech sector, it was just a speed bump. After the initial stun and the cautious reactions, the global pandemic acted as an accelerant for digital services, pulling the incumbent financial institutions from their manual, paper-driven ways. Open story ↗ Visa Reveals Bitcoin And Crypto Banking Roadmap Amid Race To Reach Network Of 70 Million Forbes — Visa, a one-time enemy of the bitcoin and cryptocurrency community, is fast becoming one of bitcoin's biggest cheerleaders. Open story ↗ Top 5 Fintech Trends That Will Shape Financial Markets in 2021 Entrepreneur — The popularity of fintech has spiked in recent times. Here's how FinTech will shape the global financial market in 2021. Open story ↗

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Robinhood Is A Perfect Example Of Fintech's Insidious Power

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