Issue 16 · Sep 28, 2015 Weekly edition · 3 min read

FinTech News

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An open API could revolutionize the banking industry

The United Kingdom government has commissioned a study of the feasibility of UK banks giving customers the ability to share their transactional data with third parties via an open standard API.

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In this issue · 11 items

Visa Europe launches fintech "innovation hub" in Shoreditch Acclerator programme will offer support to start-ups in the payments space to take them from initial concept to market testing and design Open story ↗ FinTech Company Outfits Chicago Colleges With Trading Tech The Chicago-based company makes trading software and execution solutions for futures traders across the world. But now Trading Technologies is putting in extra efforts to its education division, which makes software and curriculum specifically for colleges and universities in order to train the next generation of traders. Open story ↗ How Banks Can Topple Fintech Challengers: Weekly Wrap | Bank Think How Fintech Could Fumble: Silicon Valley has banks on their heels, but analyst Richard Magrann-Wells suggests that financial institutions may come out ahead in the end. Open story ↗ Why the new government must support fintech The election has delivered a more certain result than was expected in the pre-election polls, providing a huge opportunity for the incoming government to build on the solid foundations of the coalition government. Open story ↗ Asia's states, VCs, banks and startups must build fin-tech together The world’s best fin-tech companies come from countries with a close collaboration between all parties, says Vladislav Solodkiy of Life.SREDA at the fin-tech event that took place in Singapore last week Open story ↗ Startupbootcamp FinTech looks to New York launch London-based technology accelerator Startupbootcamp FinTech is looking to launch in New York, as part of its global expansion plans. Open story ↗ Making Luxembourg a hub of the FinTech revolution Luxembourg Finance Minister Pierre Gramegna on Wednesday commented that FinTech is the engine driving new financial services business models, promoting the Grand Duchy as a location for the burgeoning ICT sector. Open story ↗ Swiss fintech accelerator looking for African mobile startups Swiss fintech accelerator Fintech Fusion is calling for applications for its 12 month incubator programme, naming African mobile startups as a key interest. Open story ↗ Three Crypto Startups Accepted onto Singapore's FinTech Accelerator Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore's FinTech accelerator program. Open story ↗ The FinTech Revolution has arrived It’s Official – the FinTech Revolution has arrived, according to The Economist! Is this a defining moment? For many I suspect it will be – although to judge by the comments, some of them who clearly think that the trust that the banks squandered long ago is still in place, other who clearly see the old order as immutable, it will take something akin to a tsunami to re-shape their world-view away from what was to what is.. Open story ↗ How FinTech Alternatives Pose Threat To Banks Retail banks are increasingly falling behind by tech-savvy competitors – such as the FinTech alternatives entering the market — which could cause serious threats to the future of traditional banks, suggests a new report by Oracle’s financial services unit. Open story ↗

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An open API could revolutionize the banking industry

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