Issue #285 - PPP Scammers Made Fintech Companies Their Lenders of Choice

Fintech News Issue #285

2020-10-08

Fintechs Should Sell Financial Health, Not Financial Services
Fintechs Should Sell Financial Health, Not Financial Services
via Forbes

In the UK, last year’s report on “Consumer Priorities for Open Banking” by Faith Reynolds and Mark Chidley (which is, by the way, an excellent piece of work and well worth reading) set out just why it is that open banking by itself delivers quite limited benefits for consumers.

A Bedrock Approach To Asset Diversification Is Failing - Bitcoin May Have The Answer
A Bedrock Approach To Asset Diversification Is Failing - Bitcoin May Have The Answer
via Forbes

A core investment strategy is facing an unprecedented threat, and the solution may be to buy bitcoin.

PPP Scammers Made Fintech Companies Their Lenders of Choice
PPP Scammers Made Fintech Companies Their Lenders of Choice
via Bloomberg Businessweek

The government turned to web-based lenders to get money out quickly, without too much paperwork.

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!

Visa connects with Stripe for B2B payments
Visa connects with Stripe for B2B payments
via Finextra

Visa has struck a deal with Stripe to enable buyers on Visa Payables Automation to pay suppliers who are unable to accept digital payments through the use of a virtual Visa card.

Investing In Women Isn’t A Fucking Charity.
Investing In Women Isn’t A Fucking Charity.
via Medium

It’s a smart, strategic business move, and more urgent than ever to invest in women.

Prestigious medical journal calls for US leadership to be voted out over Covid-19 failure
Prestigious medical journal calls for US leadership to be voted out over Covid-19 failure
via CNN health

In an unprecedented move, the New England Journal of Medicine on Wednesday published an editorial written by its editors condemning the Trump administration for its response to the Covid-19 pandemic -- and calling for the current leadership in the United States to be voted out of office.

The Best Blockchain University Programs Actually Pay Students to Learn
The Best Blockchain University Programs Actually Pay Students to Learn
via Coindesk

Out of all the universities with blockchain education programs, two stand out by offering students paid opportunities to learn by working.

FDIC warns banks of consequences of not adopting technology
FDIC warns banks of consequences of not adopting technology
via finLedger

FDIC Chairwoman Jelena McWilliams warns relying on legacy systems will result in lost customers

Can Two Legacy Banks Become a Digital Banking Leader?
Can Two Legacy Banks Become a Digital Banking Leader?
via The Financial Brand

In late 2019, BB&T and SunTrust combined to become the 6th largest bank in the country, serving 10 million households. Looking at the strategic and financial benefits of the merger, the mission was to preserve the strong cultures of the legacy organizations, while using the combined scale and cost savings to build best of breed systems, processes and digital capabilities.

Artificial intelligence and machine learning: A new blueprint for the fintech industry
Artificial intelligence and machine learning: A new blueprint for the fintech industry
via IT Pro Portal

Artificial intelligence and machine learning under utilized by companies.

Citigroup backs fintech company Genesis
Citigroup backs fintech company Genesis
via Reuters

Citigroup Inc C.N has made a strategic investment in Genesis Global Technology Limited, a London-based startup that develops technology to make it cheaper and faster for financial firms to build applications such as trading systems, the companies said on Monday.

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

Thursday, October 1, 2020

here is your latest news update in fintech. See Online 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

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Thursday, September 17, 2020

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Thursday, September 10, 2020

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Thursday, August 27, 2020

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