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Mobile
– FINTECH IS KILLING MOBILE PAYMENTS

Fintech, an angel in disguise? “There are just too many forms of mobile payments being offered by too many organisations and by too many banks. This approach creates confusion,” writes Stanley Epstein on FinExtra this week. All this confusion has come about because everyone is bent on creating the next big thing. But that’s not what’s happening.

Opinion
Array
James Good
Interac Association and Acxsys Corporation
It is no surprise that advancements in technology are changing the payments landscape. More than ever, we are seeing the emergence of new players, new solutions, and new ways of doing business.  At Interac, Canada’s domestic debit network, we understand that constant transformation is required to remain agile and relevant in this competitive environment. As Canada’s domestic debit network, we’ve seen a massive shift in consumer behaviour as it pertains to how people make payments and access their money. Canadians have quickly migrated from traditional magnetic stripe transactions to embrace new, more secure technologies like chip and PIN, contactless debit, and most recently, mobile de...
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Blockchain
WORLD ECONOMIC FORUM: BLOCKCHAIN IS FUTURE OF FINTECH

Here to stay. Blockchain and its flagship Bitcoin, has had a few bad raps recently, including big heists and a reputation as drug lords’ favored currency. That isn’t stopping it from gaining new fans. Now, a report from the World Economic Forum has concluded that blockchain will occupy a central place in the global financial system, writes Silicon Angle.

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Mobile
CHINA IS DISRUPTING GLOBAL FINTECH

Fintech disrupting banking, you say? Well, China is disrupting global fintech, argues Joshua Bateman on Techcrunch. A confluence of factors puts China – with its 1.3 billion mobile phone users – at the fintech forefront: economic advancement, investor behavior, mobile technology, big data, financial industry liberalization, and regulatory acquiescence.

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The Reports
INTRODUCING: COGNITIVE BANKING

For banks, it’s time to think. Financial institutions have to manage massively increasing volumes of data, brimming with game changing insights they so far have been unable to completely unlock. Now, advances in cognitive computing can help financial institutions optimize value from data already within their reach, giving them a leg up on new market entrants, explains this interesting report...

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The Reports
WHY WE NEED FINTECH MORE THAN EVER

Banks ain’t cheap. Despite decades of advances in communications technology, data analysis and pharmacological stimulants bankers arent any cheaper than they were a hundred years ago, concludes Owen Davis in this great article on Deal Breaker. Citing a study by of New York University professor of finance Thomas Philippon, Davis concludes that the need for fintech disruption is...

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In Their Opinion
DISRUPTION? REALLY?

Not so fast. In an op-ed in Huffington Post, Mike Gardner argues that Fintech just isn’t disrupting banking as much as we think. While we have been trained to look for the next digital upstart and cheer when they defeat Goliath with a better interface, and cheaper, more convenient model, Gardner says, “I would suggest that disruption pattern does not neatly apply to financial services, at...

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Company Spotlight
ANOTHER NORDIC TOP TEN RANKING

Moving up through the ranks. London is still considered the European fintech startup hub. However, an onslaught of Nordic startup rankings are testament to the North’s contributions to a competitive field. Coin Telegraph is out with this new ranking, with Safello (Sweden) and Lundino (Denmark) leading the pack. Read on for the highest Norwegian entry, in fourth.

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Money And Payments
HOW TO WOO A MILLENNIAL

Nobody distrusts their bank like a Millennial. The Millennial generation’s distrust of markets and banks is statistically pervasive, reports Ross Benes in a thought-provoking analysis on O’Dwyer’s. And now it’s official: The Millennial perception of banking is so bleak that in a Viacom survey 71 percent said that they would rather go to the dentist than listen to what banks are...

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Predictions
AI TO BOOST FINTECH EARNINGS TENFOLD

There’s a new kind of trader in town. Expectations of what artificial intelligence should be capable of producing are stratospheric, not the least thanks to Hollywood. Now, a new report from Juniper concludes that for fintech, AI will be real game changer pretty soon. Earnings created by the use of AIin fintech will skyrocket in the next five years, with a 960 percent jump to $17 billion...

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Money And Payments
THE DIGITAL RACE IN SMALLBIZ BANKING

Oh, the value of a friendly face. The edge that mid-sized and community banks have had on the big guys, is that they put a friendly face to banking. That personal touch may be the factor that leads customers to choose their local branch over a major, multinational financial institution. However, as PYMNTS reports,  new customer demands could be taking away community banks’ leg-up.

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Money And Payments
THE DECLINE OF CASH?

Cash isn’t king? Contactless cards and apps make it easier to pay in an instant, and are leading to claims that we are entering a cashless world. Are they accurate ? E-commerce has transformed Amazon, eBay and other online retailers into some of the best-known companies on the planet. Raconteur takes a look around the world, and sums it up in several beautiful charts.

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Money And Payments
THE GREAT FINTECH ROBO ADVISOR RACE

Good advice never rests. Robo advisors have becomefamiliar to fintech watchers. Their services include automated portfolio planning, automatic asset allocation, online risk assessments and account rebalancing. The robots allow more people, who otherwise may not be able to invest with confidence or meet account minimums, to enter the market in a passive fashion. Falguni Desai at Forbes...

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Mobile
A NEW CHATBOT WOULD LIKE TO HELP YOU WITH YOUR BANK ACCOUNT

Bots are hot. And MyKai is a chatbot. It can bring up your latest bank balance, tell you how much you are paying in fees or instantly wire money across the net – with a smiley. It dovetailes popular messaging apps – and some of the Internet biggest names have put their weight behind the  ideaWired’s Cade Metz lets us in on the exciting honeymoon of fintech and messaging.

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The Reports
3 THINGS TO KNOW ABOUT VISA’S BIOMETRIC PAYMENTS STUDY

All you need is a little fingerspitzengefühl. Last year Juniper predicted there would be five billion biometric-authenticated payment transactions by 2019, up from less than 130 million in 2015. Visa’s fresh Biometric Payments Study shows that the adoption rate is on track. Here are 3 takeaways that the people at Payments Eye made from the study.

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In Their Opinion
DIVING DEEPER INTO BREXIT’S IMPACT ON FINTECH

Being unsettled is deeply unsettling. A few weeks post-Brexit, Leda Glyptis of Sapient Global Markets shares her substantial thoughts with FemTechLeaders on how creativity, collaboration, and new ventures need a certain type of environment to flourish in – and how uncertainty undermines the kind of energy the rise of fintech thrives on.

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Predictions
WHAT THE GIG ECONOMY MEANS FOR FINTECH

What’s the gig? Built on millions of tech savvy and super flexible “gig workers” that can work remotely for companies such as Uber and Airbnb, the Gig Economy will become a big part of fintech. Robin Smith, Co-Founder and CEO of WeGoLook, dives into online lending as a case study looking onhow the gig economy can enable and complement the lending process. This and more on “giggers” when...

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Big Events
NASDAQ OFFERS FINTECH INDEX

Fintech just came of age. Officially. “Here is Exhibit A for those who think ‘fintech’ is overhyped and for those who think it is just getting started: A new stock index”, reports The Wall Street Journal. Investment bank Keefe, Bruyette & Woods and exchange operator Nasdaq Inc. has unveiled the KBW Nasdaq Financial Technology Index, or KFTX.

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Money And Payments
THE RISE OF FINTECH IN SUPPLY CHAINS

Adding an app just ads up. As this authoritative article in Harvard Business Review demonstrates,fintech companiesare likely to improve global supply chains, facilitating transactions between a company and its suppliers. Fintech companies “enable both the buyer and supplier to improve their working capital by making it possible for the former to extend its payables and at the same time...

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Great Discoveries
WHAT POKÉMON GO CAN TEACH BANKING

We had to do it. Not gallop around catching imaginative creatures in an augmented world, but curate some great articles about what banking and fintech companies can glean from the massive gaming phenomenon. One of them is Jim Marous‘ comment on The Financial Brand about the lessons about technology adoption, gamification, data analytics and engagement banking can learn from this...

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Nexus Norway
THE COOLEST OF NORDIC FINTECH

If you’re not on a ranking, do you really exist? In a busy week for Nordic rankings, Business Insider has compiled a Top 16 List of the hottest Nordic fintech companies – unicorns excluded – spanning all the Nordics. And Fintech Valley has followed suit, with an even broader search for fintech gold.

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Money And Payments
THE TECH FUTURE OF WEALTH

How can asset managers use wealthtech to prepare for fintech challenges ahead? Anxiety about our financial future combined with an ever-growing use of technology in our daily lives, has resulted in the willingness to try out new innovative investment solutions. Susanne Chishti, Fintech Circle CEO and co-editor of The Fintech Book, gives Silicon Republic her take on the opportunities of...

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Good Reads
LESSONS FROM A LONG FORGOTTEN “FINTECH BANK”

Remember the days of the wild digital frontier? You should. It wasn’t long ago. During the height of the dot-com boom in 1999, AeroBank planned to offer banking solely electronically. Its founders swayed regulators but ran short of money. The lessons learned are still relevant to fintech banks seeking a charter today.

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