Issue 309 · Apr 1, 2021 Weekly edition · 3 min read

Fintech News

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Regional Banks Losing Battle For New Accounts

Regional and mid-cap banks account for almost 30% of the country’s banking assets, yet have significantly under-performed both larger and smaller financial institutions in the past year from an account growth perspective.

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In this issue · 11 items

New virtual currency from the colourful fab four harnesses innovative HugTech! Wild Brain — The Teletubbies announced today that, in response to the overwhelming global demand for cryptocurrencies, they have launched TubbyCoin, an innovative new cryptocurrency employing the groundbreaking power of HugTech. Open story ↗ Venezuela replaces national currency with bitcoin The Finanser — In a fascinating move Venezuela, which has been a basket-case economy ever since Hugo Chavez died in 2013, has dropped their national currency (the bolivar) and any ties to the US dollar, and decided to link their national currency to bitcoin instead. Open story ↗ The 12 Most Important Mobile Banking Features (And Why No Bank Can Have Them All) Forbes — If you need any more proof that the pandemic accelerated consumers’ adoption of digital services, new research from Cornerstone Advisors revealed that more than three-quarters of Americans who have a smartphone are now mobile banking users. Open story ↗ Usability is the secret to success in FinTech developments Global Banking and Finance Review — The UK FinTech sector received a record investment of £3 billion in 2020, making the UK the second largest FinTech market globally, following the US. Open story ↗ HighRadius raises $300M, triples valuation to $3.1B for AI-powered fintech software Tech Crunch — HighRadius, which has developed AI-powered fintech software, announced Tuesday it has raised $300 million in a Series C funding round led by D1 Capital and Tiger Global. Open story ↗ Why the future belongs to banks, and not Fintechs FinExtra — With emerging Fintech services taking the world of finance by storm, it might seem like banks are in for a struggle. Open story ↗ The Impact of NFTs on Fintech Lend Academy — We delve into the mysterious world of NFTs, how they work, their relationship with DeFi and what they could mean for fintech Open story ↗ Why are Latin American fintech startups so attractive in the global entrepreneurship landscape? Entrepreneur — The increase in easily accessible and scalable technologies, and an increase in mobile technology consumers, would be the reasons for the rise of this type of enterprise. Open story ↗ FinTech is Eating the World Grit Capital — Seven or eight years ago, when I was professionally managing money, I remember being wildly bullish following a meeting with a FinTech analyst. Open story ↗ 2021 Google Search Trends in Digital Banking, Payments & Fintech The Financial Brand — What's on people's minds these days? This major study exclusively from The Financial Brand looks at the most important Google search trends in the banking industry — what consumers and executives in financial institutions have been looking for, and how the patterns have been reshaped by COVID. Open story ↗ Mastercard joins FinTech Australia FinExtra — Mastercard, a global pioneer in payments innovation and technology, has joined FinTech Australia as an ecosystem partner and as an event partner for the 2021 Finnie Awards. Open story ↗

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Regional Banks Losing Battle For New Accounts

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