Fintech News Issue #195 Thursday, December 6th 2018 10:21AM

In this week's insights show we're bringing you a deep discussion on what's happening in the Open Banking space. Our roundtable talks about the challenges involved in implementing the rules and regulations around Open Banking and takes a look at the thorny problem of getting customers to buy-in to Open Banking. We have some of the best guests around to help:

The banking industry is beginning to incorporate the traits and practices that were once the domain of fintech startups. Banks and credit unions have become more comfortable with a faster pace of innovation, using data and analytics more extensively and digitizing processes as opposed to simply turning paper into PDFs.

Using artificial intelligence (AI) software is a great idea — if that artificial intelligence software is actually useful. It sounds obvious, but surprisingly it isn’t.

A customer-first mindset is much different than hiring a chief customer officer and thinking your work is done. That’s almost as egregious as thinking that customer experience is simply something handled by the customer service team.

The Asian Financial Forum (AFF) brings together the global financial and business community to discuss developments and trends in the markets of Asia. AFF 2018 attracted more than 3,000 participants. During the AFF Deal Flow Matchmaking Session, one-on-one meetings are arranged between sources of funds and sources of deals.

Financial institutions have less than a year to be fully PSD2-compliant. This free white paper proposes actionable strategies to meet client-side compliance before November 2019.

If your professional interests take you to the crossroads of financial services, regulation, compliance, and digital - especially data analytics and machine learning - which altogether is known as regtech, you are in the right place.

China’s venture capitalists are changing their game. Where it’s previously been difficult for foreign startups to get Chinese VC funding, Chinese VCs are beginning to look at foreign-born startups with significant interest.

Blockchain technology is so synonymous with cryptocurrencies, and especially Bitcoin that it is almost like the financial sector has usurped its potential.

You can be anything. But it will get messy.

Many financial institutions have realized that every new customer relationship must be cultivated and nurtured to optimize value and loyalty.. The importance of deepening engagement through onboarding and building value with cross-selling has never been more important. +

Sebastian Siemiatkowski said new regulations and the rise of fintech firms are a recipe for "massive disruption" in retail banking. Banks have three options, he says: transform for the digital age, snap up fintech competitors or simply "fail."

Blockchain firms want to stay on the good side of Europe, it seems. Ripple, NEM, and company have founded a new association to represent the interests of blockchain and cryptocurrency businesses across the continent.

Chris Downer Contributor Chris Downer is a principal at XL Innovate, focusing on insurtech investments in North America, Europe and Asia. Tech companies and VCs in the insurance space have probably read many of the news articles about Amazon and Google entering insurance

Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services.

Ambitious white papers and press releases don't matter if your tech doesn't do anything.

Here's what banks and credit unions need to know to craft content that supports their digital marketing strategy in the year to come.

“Entrepreneurs, business leaders and investors cite London’s talent, creativity, innovation and dynamism as key to its long-term success. The message is loud and clear: London is open to business and investment from around the world."

Now that The Clearing House’s Real-Time Payment (RTP) rail has several major banks live, when will we start to see the United States embrace faster payments?

At MEDICI, we track 12,000 FinTech startups and also keep tabs on funding as well as other information on an ongoing basis. Through bottom-up research, we come up with an analysis of FinTech funding on a monthly basis. This tedious exercise reveals interesting trends from an investment perspective.