Fintech Newscast – Page 12 – Where we discuss the latest Fintech news

This week we have a conversation with Jeanette Quick, Deputy General Counsel at Scratch, a San Francisco-based loan servicing fintech firm. We discuss student debt in the US, the hodgepodge of regulations preventing competition in the loan processing industry, and much more!

Podcast: Play in new window | Download

Subscribe: RSS

Ep 8- Why Europe doesn’t produce tech giants, open banking and challenger banks, and P2P lending stumbles in China

0:58 Why can’t Europe do tech?
14:16 Common data standards in banking
29:55 China bans new P2P online lenders
39:36 Final Byte

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Why can’t Europe do tech?
https://www.bloomberg.com/news/features/2018-08-16/inside-europe-s-struggle-to-build-a-truly-global-tech-giant

Why ForgeRock built a simulated bank for testing open banking APIs
https://www.computerworlduk.com/applications/why-did-forgerock-build-model-bank-for-testing-open-banking-apis-3682486/

A German fintech startup backed by Peter Thiel has raised $100 million
https://www.businessinsider.com/german-fintech-deposit-solutions-raises-100-million-2018-8

After public outcry, Beijing says it will ban new online lending platforms
https://www.cnbc.com/2018/08/13/peer-to-peer-outcry-china-says-will-ban-new-online-lending-platforms.html

Square stock hits record as Cash app reportedly passes Venmo in downloads
https://www.marketwatch.com/story/square-stock-hits-record-as-cash-app-reportedly-passes-venmo-in-downloads-2018-08-14

With Fast-Growing Fintechs Taking a Toll, Banks Will Soon Claim Less Than 50% of Payments Revenue

With Fast-Growing Fintechs Taking a Toll, Banks Will Soon Claim Less Than 50% of Payments Revenue

GenZ is about to take over millenials as biggest generation world has known
https://www.bloomberg.com/news/articles/2018-08-20/gen-z-to-outnumber-millennials-within-a-year-demographic-trends

Podcast: Play in new window | Download

Subscribe: RSS

Ep 07-IBM loves DLT, Goldman skeptical about crypto, fintechs get into subprime credit cards, and new law may limit Chinese investments in US startups

0:40 IBM loves DLT
7:10 Goldman Sachs skeptical about cryptocurrencies
13:35 Supergiant VC rounds
17:40 Chinese funding startups may get more reviews
22:30 Fintech dives into subprime credit cars
27:08 US SEC postpones Bitoin ETF
33:03 Final Byte

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Blockchain hype may have peaked, but IBM is still a believer
https://qz.com/1350355/blockchain-hype-has-peaked-but-ibm-is-still-a-believer/

Goldman Still Skeptical of Crypto Currencies
https://www.pymnts.com/cryptocurrency/2018/goldman-sachs-cryptocurrency-mania-second-half-risk/amp

Supergiant VC rounds aren’t just raised in China
https://techcrunch.com/2018/08/11/supergiant-vc-rounds-arent-just-raised-in-china/

Chinese funding of Silicon Valley startups gets more tense, with more oversight by American government.
https://www.economist.com/business/2018/08/11/silicon-valley-gets-queasy-about-chinese-money

Fintech Crowd Dives Into Subprime Credit-Card Lending
https://www.wsj.com/articles/fintech-crowd-dives-into-subprime-credit-card-lending-1534189198?mod=hp_lead_pos4

US SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund
https://cointelegraph.com/news/us-sec-postpones-decision-regarding-bitcoin-exchange-traded-fund

Financial crisis cost every American $70,000
https://www.bloomberg.com/news/articles/2018-08-13/the-financial-crisis-cost-every-american-70-000-fed-study-says

Communist Party of China Releases Primer on Blockchain Technology
https://cointelegraph.com/news/communist-party-of-china-releases-primer-on-blockchain-technology

Podcast: Play in new window | Download

Subscribe: RSS

Ep 06- Facebook wants your bank data, fintech for senior citizens, regulatory sandboxes, Lemonade, and more!

0:50 Facebook to Banks: Give Us Your Data
6:50 Regulatory Sandbox For FinTech
14:14 Lemonade Sells Home Insurance to Millenials
20:00 Senior Citizens Get Support From Financial Technology
24:28 FOMO3D
31:38 Final Byte

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Facebook to Banks: Give Us Your Data, We’ll Give You Our Users
https://www.wsj.com/articles/facebook-to-banks-give-us-your-data-well-give-you-our-users-1533564049

How important is the government’s new regulatory sandbox for crypto?
https://venturebeat.com/2018/08/05/how-important-is-the-governments-new-regulatory-sandbox-for-crypto/

Selling Millenials Home Insurance Is Lemonade’s Novel Pitch
https://www.bloomberg.com/news/articles/2018-08-02/lemonade-wants-to-sell-millennials-home-insurance

Senior Citizens Get Support From Financial Technology
https://www.bloomberg.com/news/articles/2018-08-07/senior-citizens-get-support-from-financial-technology

FOMO3D
https://slate.com/technology/2018/08/fomo3d-is-the-game-with-a-usd9-million-cryptocurrency-prize-real-or-a-scam.html

Only one in three AI projects reported to succeed
https://www.information-management.com/news/only-one-in-three-ai-projects-reported-to-succeed?brief=00000159-ffbf-d8bf-af7b-ffbf558d0000

Fintech firm Even Financial to expand offerings after raising $25M
https://www.americanbanker.com/news/api-oriented-fintech-to-enter-new-verticals-after-raising-25m

‘The Beginning of a Wave’: A.I. Tiptoes Into the Workplace
https://www.nytimes.com/2018/08/05/technology/workplace-ai.html?rref=collection%2Fsectioncollection%2Ftechnology&action=click&contentCollection=technology&region=rank&module=package&version=highlights&contentPlacement=2&pgtype=sectionfront

Podcast: Play in new window | Download

Subscribe: RSS

Ep 05-Chatbots in the Enterprise, IBM Blockchain Appstore, Ant Financial and more

0:45 Google Chatbot for Enterprise
4:28 Landbot the anti-AI chatbot
8:08 Ant Financial Profile
18:20 IBM Blockchain Appstore
24:50 Banks Searching for Blockchain Applications
27:05 Employee App For Daily Pay
33:36 Final Byte

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Google, Microsoft And Startups Are Going To War On Chatbot Technology
https://www.forbes.com/sites/parmyolson/2018/07/27/google-microsoft-and-startups-are-going-to-war-on-chatbot-technology/#4bde97c661b6

Landbot gets $2.2M for its on-message ‘anti-AI’ chatbot
https://techcrunch.com/2018/07/19/landbot-gets-2-2m-for-its-on-message-anti-ai-chatbot/

Jack Ma’s Giant Financial Startup Is Shaking the Chinese Banking System
https://www.wsj.com/articles/jack-mas-giant-financial-startup-is-shaking-the-chinese-banking-system-1532885367

IBM’s blockchain app store wants to help banks cut costs

IBM and FX Giant CLS Team Up to Launch Blockchain App Store for Banks

Banks Still Searching for Practical Applications for Blockchain Technology
https://bankinnovation.net/2018/07/banks-still-searching-for-practical-applications-for-blockchain-technology/?utm_source=Bank+Innovation&utm_campaign=19181ffb8a-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c7c396d894-19181ffb8a-39512165

Employers Embrace Apps That Let Them Pay Daily
https://www.bloomberg.com/news/articles/2018-07-24/employers-embrace-apps-that-let-them-pay-daily

SEC’s New Crypto Czar Wants Coin Industry to Step Out of Shadows
https://www.bloomberg.com/news/articles/2018-07-30/jiujitsu-is-easy-to-sec-crypto-czar-rapport-with-coinsters-hard?srnd=cryptocurriences

Nobody Says ‘Zelle Me’: Banks Struggle to Catch Up to Venmo
https://www.wsj.com/articles/zelle-struggles-to-prove-its-not-just-another-payments-app-1533038401?mod=hp_featst_pos1

Podcast: Play in new window | Download

Subscribe: RSS

EP04-The No Blockchain Episode! Top 5 Fintechs, Snapcash is dead, digitization mostly benefits banks, and more!

1:50 Top 5 Largest Fintech Firms
10:50 Cashless Society Is A Con
15:43 Snapchat Gets Out Of Payments
18:23 Final Bytes

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
The Top 5 Largest Fintech Firms
https://www.cbinsights.com/research/report/

The cashless society is a con – and big finance is behind it
https://www.cbinsights.com/research/report/venture-capital-q2-2018/

P2P payments are HARD
https://techcrunch.com/2018/07/22/snapcashing-out/

FinTech Consortium Announces Flagship North American Location
https://www.fintech-consortium.com/single-post/2018/07/16/FinTech-Consortium-Announces-Flagship-North-American-Location-and-USA-Chairman

Podcast: Play in new window | Download

Subscribe: RSS

Ep 03-Blockchain in the CFA, VC funding trends, Goldman goes Main St

0:35 News Highlights
7:24 Democratization of Startup Financing
10:15 VC Funding Report by PWC
12:10 Venmo Payments
14:04 Cryptocurrencies on the CFA Exam
16:25 BlackRock looks into crypto and blockchain
18:58 Goldman get into credit cards
22:00 Final Bytes

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Democratization of Startup Financing
https://gomedici.com/democratization-startup-financing/?__s=kkmnjntpcicm8px33vvm

VC Funding Report by PWC (Q2 18)
https://www.cbinsights.com/research/report/venture-capital-q2-2018/

Be careful where you venmo! Fraudulent transfers are up, and it’s just too easy to send money to the wrong person
https://www.wsj.com/articles/you-accidentally-venmoed-149-to-a-stranger-good-luck-getting-it-back-1531411133

The CFA Institute, whose grueling 3 level program is adding cryptocurrencies and blockchains to its Level I and II topics to its 2019 exams
https://www.bloomberg.com/news/articles/2018-07-16/cfa-exam-adds-crypto-blockchain-topics-as-wall-street-dives-in

$500 million Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales
https://bankinnovation.net/2018/07/bank-of-america-to-invest-500-million-in-technology-to-drive-innovation-and-sales/

2030 – Vision Plan 2030 in Saudi Arabia
https://edgylabs.com/saudi-arabia-replacing-oil-investment-with-fintech-development

Podcast: Play in new window | Download

Subscribe: RSS

FinTech Newscast Ep02

FinTech Newscast Ep02
0:45 News Highlights
2:30 Personal Online Lending Growth
8:08 Square Bank Charter
12:10 India Cryptocurrency Ban
17:15 Tencent Regulatory Challenges
23:00 Brexit Update
26:45 Final Bytes

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
Personal Loans Surge to a Record High
www.bloomberg.com/news/articles/2018-07-03/personal-loans-surge-to-a-record-as-fintech-firms-lead-the-way

Square Will Reapply for Banking License with the FDIC After Last Week’s Withdrawal
bankinnovation.net/2018/07/square-will-reapply-for-banking-license-with-the-fdic-after-last-weeks-withdrawal/?utm_source=Bank+Innovation&utm_campaign=c84d44d7c0-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c7c396d894-c84d44d7c0-39512165

Chatbots to Save Banks $11 Billion in Costs by 2023
https://bankinnovation.net/2018/07/chatbots-to-save-banks-11-billion-in-costs-by-2023/?utm_source=Bank+Innovation&utm_campaign=4d8197baea-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c7c396d894-4d8197baea-39512165

Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban
https://www.bloomberg.com/news/articles/2018-07-03/india-s-banking-ban-on-cryptocurrency-survives-court-challenge?srnd=cryptocurriences

For China, Tech Giant Tencent Is Both a National Champion and a Threat
https://www.wsj.com/articles/why-china-is-keeping-a-close-eye-on-tech-giant-tencent-1531047602?mod=hp_lead_pos6

Crypto Thefts Triple, Driving Growth in Coin Money-Laundering
https://www.bloomberg.com/news/articles/2018-07-05/crypto-thefts-triple-as-coin-money-laundering-industry-grows-up?srnd=cryptocurriences

Citi bolsters Paris hub ahead of Brexit
https://www.reuters.com/article/uk-britain-eu-banks-citi/citi-bolsters-paris-hub-ahead-of-brexit-idUSKBN1JZ0TF

Podcast: Play in new window | Download

Subscribe: RSS

FinTech Newscast Ep01

FinTech Newscast Ep 01
0:30 News Highlights
4:00 AMEX wins Supreme Court case
7:33 SWIFT updates its payment network
12:30 Alipay begins blockchain-based payments
14:35 BIS releases report on cryptocurrency concepts
18:30 The largest crypto hacks of 2018
26:15 Andreeson Horowitz invests in the blockchain
29:10 Final Bytes

Hit Subscribe to keep up to date on the world of fintech!
Reach us at info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Article Links
American Express Case Could Shield Tech Giants From Antitrust Scrutiny
https://www.bloomberg.com/news/articles/2018-06-25/u-s-supreme-court-backs-american-express-on-credit-card-suit-jiucffg9

Swift moves to universal adoption of gpi
https://www.finextra.com/newsarticle/32301/swift-moves-to-universal-adoption-of-gpi

Alipay takes on MoneyGram with blockchain-based remittances
https://www.finextra.com/newsarticle/32304/alipay-takes-on-moneygram-with-blockchain-based-remittances

Cryptocurrencies: looking beyond the hype
https://www.bis.org/publ/arpdf/ar2018e5.pdf

From Coincheck to Bithumb: 2018’s Largest Security Breaches So Far
https://cointelegraph.com/news/from-coincheck-to-bithumb-2018-s-largest-security-breaches-so-far

Andreessen Horowitz has finally hired a woman as a general partner, as it also officially debuts a crypto fund
https://www.recode.net/2018/6/25/17501602/andreessen-horowitz-katie-haun-crypto-fund-launch-women-venture-capital-diversity

Citi bolsters Paris hub ahead of Brexit
https://www.reuters.com/article/uk-britain-eu-banks-citi/citi-bolsters-paris-hub-ahead-of-brexit-idUSKBN1JZ0TF

Families earning $117,000 now qualify as “low income” in California’s Bay Area
https://www.cbsnews.com/news/families-earning-117000-now-qualify-as-low-income-in-californias-bay-area/

This ransomware now wants you to pay in advance
https://www.komando.com/happening-now/467289/this-ransomware-now-wants-you-to-pay-in-advance

The Biggest Digital Heist in History Isn’t Over Yet
https://www.bloomberg.com/news/features/2018-06-25/the-biggest-digital-heist-in-history-isn-t-over-yet

Podcast: Play in new window | Download

Subscribe: RSS

FinTech Newscast – Intro

Welcome to the FinTech Newscast!

Hit Subscribe to keep up to date on the world of fintech from alternative lending to blockchain and compliance.

Reach us at: info@fintechnewscast.com
facebook.com/FinTech-Newscast-192582941437321
twitter.com/FinTechNewscast

Podcast: Play in new window | Download

Subscribe: RSS