Issue #284 - How Fintech Can Help The Financial Health Crisis

Fintech News Issue #284

2020-10-01

How Fintech Can Help The Financial Health Crisis
How Fintech Can Help The Financial Health Crisis
via Forbes

According to research from Cornerstone Advisors, roughly one in five Americans’ financial health situation is “dire.” Nearly half of the consumers in this segment can’t pay their bills on-time and in-full all of the time, and about three-quarters can’t make their loan payments every month.

The Pandemic Plutocrats: How Covid Is Creating New Fintech Billionaires
The Pandemic Plutocrats: How Covid Is Creating New Fintech Billionaires
via Forbes

In 2015, Nick Molnar was living with his parents in Sydney, Australia, and selling jewelry from a desktop computer in his childhood bedroom.

3 Fintech Opportunities For Entrepreneurs Beyond 2020
3 Fintech Opportunities For Entrepreneurs Beyond 2020
via Entrepreneur

The financial services industry has seen severe disruption, but that has only opened opportunities for entrepreneurs to leverage technology to deliver services more efficiently.

Insurance Innovators Digital Summit
Insurance Innovators Digital Summit

Digital Summit brings you 8 half day episodes, livestreaming twice a week throughout November. Hear from 100+ international speakers, take part in live chats and Q&As, and network with 2000+ attendees from wherever you are in the world. Each episode also be available to watch on-demand!

4 'Must Watch' Megatrends in Wealth Management
4 'Must Watch' Megatrends in Wealth Management
via Think Advisor

The pandemic might have accelerated some of these moves, but the industry was already headed there.

Digital Transformation Demands a Culture of Innovation
Digital Transformation Demands a Culture of Innovation
via The Financial Brand

Genuine digital transformation of banking means reimagining, not just putting technology lipstick on a legacy pig. This means building a legacy culture that can move a financial institution from 'business as usual' to a competitive force in the marketplace.

Gusto is expanding from payroll into a full suite financial wellness platform
Gusto is expanding from payroll into a full suite financial wellness platform
via Tech Crunch

When we caught up with Gusto last year, the small business payroll startup had just raised $200 million and was launching a new office in New York City.

Are our payment systems irrelevant?
Are our payment systems irrelevant?
via The Finanser

SWIFT, VISA, MasterCard and other regional and national systems like BACS, CHAPS, CHIPS, Fedwire and such like, were all created in the 1970s or thereabouts.

Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot
Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot
via Coindesk

As the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains.

Amazon rolls out palm payment technology
Amazon rolls out palm payment technology
via Finextra

Amazon has unveiled technology that lets shoppers at physical stores pay for their purchases by scanning the palm of their hands.

On Multiplayer Fintech
On Multiplayer Fintech
via Medium

Over the past decade, the desire to share and collaborate has fueled the rise of multiplayer software across many markets and industries: files, documents, design projects, software development, photo boards, and more.

Swift to move into low-value consumer payments market
Swift to move into low-value consumer payments market
via Finextra

Interbank messaging network Swift is to move into the low-value remittance market, providing member banks with the means to make instanteous transactions across borders for small and medium-sized companies and consumers

The Bitcoin Family: Still on the Road—After Three Years!
The Bitcoin Family: Still on the Road—After Three Years!
via Decrypt

In 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family?

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Issue #283 - 10 Reasons Why User Experience Is Sabotaged In Digital Banking

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