FinTech News Issue #102 Thursday, January 26th 2017 02:03PM

Banks are already experimenting with robotic process automation in areas like their compliance functions. But robotics technology may soon find its way to nearly all aspects of running the bank.

Incumbent banks are in a bind and need to undergo rapid change. I don’t think anyone who knows anything about the ways in which the financial industry is going to be challenged thanks to technology, who would argue otherwise.

RegTech alone will not save the banking industry. It must embrace digital and work out the supply chain disruption that #FinTech has created.

The Summit will feature three streams focusing on regulatory change, liquidity risk measurement and management, and product innovation and client solutions.

Aligning Operational Risk Frameworks and Controls for a Broader View of the Risk as a Function and Using to Drive Business Decisions.

Like a charming European fairy tale, questions over who shall inherit a crown and become the new ruler were raised.

Two months ago, the world’s largest democracy embarked on one of the biggest monetary experiments the world has ever seen. On Nov. 8, without warning or preamble, without discussion papers or leaks, Narendra Modi’s Indian government invalidated most of the country’s cash.

Deutsche Börse has developed a concept for the “riskless” transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT)/blockchain.

The challenges (and opportunities) ahead for enterprise applications of distributed ledger tech.

A search for the term “engagement” here on the pages of The Financial Brand turns up 20 articles on the first page with that word in the title.

We have rounded up the news and analysis that we think is important this week in InsurTech. Consider it your weekly briefing.

To implement a strong user design methodology, you must have a disciplined designer-developer UX workflow that leads to quality implementation delivered on, or before, deadline.

True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model.

Millennials, it turns out, are quite good at making predictions. Visa’s 2012 Connecting with the Millennials report revealed that eight out of ten millennials interviewed saw a not-too-distant world where they could do all of their shopping and pay their bills online, and 73 percent thought this would be done via smartphone.

The fast-growing financial technology sector could hold big "systemic risks" for the banking sector and the broader economy which need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday.

2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.