Issue 18 · Sep 28, 2015 Weekly edition · 2 min read

FinTech News

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Millennials Are Destroying Banks, And It’s The Banks’ Fault

Millennials are rejecting home ownership across the land. Millennials aren’t buying crap anymore, destroying businesses that, well, sell crap.

Read the full story ↗

In this issue · 5 items

Deutsche Bank to open three startup labs The German banking giant plans to tap into innovation outside of its own technology ranks by evaluating over 500 ideas from startups each year at the new labs, which it hopes will build bridges with fledgling companies located at the Europe's main tech hubs, Berlin and London, as well as Silicon Valley. Open story ↗ SafeCharge takes 5% position in Germany’s FinTech Group AG as part of strategic partnership SafeCharge has invested about €10 million for a 5% equity interest in Germany-based FinTech. Open story ↗ Startup wants to help people negotiate their own home loan rates Launching today, dfinanz, an Australian social network for financial information wants to simplify the way consumers figure out how to get the best deals on, for example, home loans. Open story ↗ Italian Insurance Giant Will Invest €1.25bn in FinTech Europe’s third-largest insurer Generali has announced it will indirectly invest 1.25 billion euros in emerging financial technology by 2019. Open story ↗ FinTech Gets Traction: Five Questions For The Industry's Leaders - Forbes I’ve been working in this sleepy little backwater of the financial industry, called FinTech, for longer than I would care to admit. Open story ↗

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