Issue 305 · Mar 4, 2021 Weekly edition · 3 min read

Fintech News

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4 Tech Trends That Will Massively Transform Banking in 2021

The industry is entering a critical phase. Legacy technology will finally be superseded by a combination of cloud computing and AI, putting banks and credit unions closer to par with fintechs.

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In this issue · 11 items

What Do Financial Institutions Really Get Out of Social Media? The Financial Brand — Banks and credit unions no longer get any points for hanging with the cool kids when they do social media. If it isn't producing for them, why bother? Open story ↗ The Bitcoin Bubble Myth Forbes — As 2021 begins, Bitcoin’s rising price has brought forth the usual commentary that has dogged the digital cash project for a decade – that it is little more than a “bubble” propelled by market manipulation and euphoria. Open story ↗ Revolut lets customers switch to Revolut Bank in 10 additional countries Tech Crunch — Fintech startup Revolut has its own banking license in the European Union since late 2018. Open story ↗ Amazon opens cashierless store in London Finextra — Amazon has opened a cashierless store in London that lets customers "just walk out" once they have collected their shopping, with payment automatically taken from their account. Open story ↗ Jack Dorsey launches in-house bank through Square Inc Fintech Magazine — Twitter mogul Jack Dorsey's fintech company Square Inc, has launched its own in-house bank Open story ↗ Fintech Innovation Done Right: Be A Creator Forbes — Fintech is becoming a powerful force. Last year $2 billion went into the industry. Some have proclaimed fintech is everything and everywhere. Open story ↗ FinTech Trends Beyond Digital Payments Seeking Alpha — FinTech's reputation is that of a disruptor of traditional financial services. That reputation is well-earned, but it doesn't tell the whole story. Open story ↗ Chinese fintech platforms expected to meet capital requirements within two years: regulator Reuters — China’s financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday. Open story ↗ London must be a launchpad for Britain's global Fintech success City A.M. — The continuing impact of technology and the unprecedented changes it has had on our lives has only been accelerated by the Covid-19 pandemic. Over the past year, technology has been critical to our lifestyles. Open story ↗ F10 and New Energy Nexus unite to nurture green fintech Finextra — F10, fintech incubator and accelerator, will collaborate with New Energy Nexus to form the first global green and climate fintech program, bringing decarbonisation of financial services to the cutting edge of innovation. Open story ↗ Walmart has reportedly lured away two Goldman Sachs bankers to help lead its new fintech venture Business Insider — Walmart has reportedly poached two Goldman Sachs bankers to help it run its new fintech venture. Open story ↗

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4 Tech Trends That Will Massively Transform Banking in 2021

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