Issue #280 - Coronavirus will accelerate the fintech revolution

Fintech News Issue #280

2020-08-27

Insurance Getting A Fintech Facelift
Insurance Getting A Fintech Facelift
via Forbes

Traditionally viewed as a stodgy industry, insurance is slowing playing catch-up with the help of technology.

Wirecard innovation team moves to Berlin-based fintech
Wirecard innovation team moves to Berlin-based fintech
via Reuters

A technology team from Wirecard (WDIG.DE), the German payments company that collapsed in June, is joining a new digital innovation unit being set up by Berlin financial technology group finleap.

Coronavirus will accelerate the fintech revolution
Coronavirus will accelerate the fintech revolution
via Raconteur

Fintech has long been a sector on the rise, but could the coronavirus pandemic finally be the thing which makes financial technology the norm for everyone?

MAXathon
MAXathon

Maxonrow is organizing its first-ever MAXathon, wherein blockchain experts and other tech enthusiasts will reimagine the use and applications of blockchain for health and sanitary solutions. Take the Challenge!

Fidelity President Files For New Bitcoin Fund
Fidelity President Files For New Bitcoin Fund
via Forbes

Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.

Passion Capital has backed Fronted, the startup that wants to offers loans to cover rent deposits
Passion Capital has backed Fronted, the startup that wants to offers loans to cover rent deposits
via Tech Crunch

Fronted, the new London-based startup aiming to make life easier for renters, including lending the cash needed for a deposit, has picked up seed investment from Passion Capital.

Decades old software led to Citi's $1 billion transfer headache
Decades old software led to Citi's $1 billion transfer headache
via Finextra

Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.

CBA rolls out high-speed lending system for SMEs
CBA rolls out high-speed lending system for SMEs
via Finextra

Commonwealth Bank of Australia has unveiled BizExpress Online, a fast-speed lending system for small businesses available through Netbank and the CommBank app.

How OSL Became the First Crypto Exchange to Win Over Hong Kong Regulators
How OSL Became the First Crypto Exchange to Win Over Hong Kong Regulators
via Coindesk

When Hong Kong regulators gave crypto firm OSL a nod of approval last week, it was the icing on the cake for the HKEX-listed digital asset trading platform.

Early Stage Fintech Hit Hardest From Pandemic
Early Stage Fintech Hit Hardest From Pandemic
via Forbes

The coronavirus epidemic that began in March has had lasting economic consequences whose full ramifications are still far from clear. While the markets were down by 35% early in the crisis have bounced back, the financial services space has seen mixed results.

China’s banks must innovate to help small businesses weather ‘complex and severe’ economic environment
China’s banks must innovate to help small businesses weather ‘complex and severe’ economic environment
via South China morning post

People’s Bank of China governor Yi Gang has called on banks to help small businesses weather the severe economic environment through fintech innovation

Hong Kong’s future lies with fintech, and it will be bright
Hong Kong’s future lies with fintech, and it will be bright
via South China morning post

Hong Kong is the gateway for Chinese companies to launch internationally, and companies seeking to reach China and Southeast Asia

What Is Ant, the Chinese Fintech Giant With Big IPO Plans?
What Is Ant, the Chinese Fintech Giant With Big IPO Plans?
via Wall Street Journal

The Chinese fintech titan Ant Group—co-founded by Alibaba billionaire Jack Ma—is set to go public in what could be one of the largest listings ever. WSJ explains how Ant's backbone service, Alipay, has revolutionized payments and investing in the world's most populous country. Photo Composite: Crystal Tai

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