Issue #308 - China’s breaking the superapp

Fintech News Issue #308

2021-03-25

The Cambridge School and Curt’s jacket
The Cambridge School and Curt’s jacket
via Fintech Futures

A few days ago, I did a panel. It was remote. I couldn’t hug anyone. It was exactly the sort of panel I wanted to hug and I couldn’t hug them. Frustrating, that.

Fidelity to launch bitcoin ETF as investment giant builds its digital asset business
Fidelity to launch bitcoin ETF as investment giant builds its digital asset business
via CNBC

Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets.

China’s breaking the superapp
China’s breaking the superapp
via The Finanser

I’ve been amazed at the rise of superapps in China. Alibaba and WeChat allow you to socialise, ship and buy anywhere, anytime.

Rethinking the Future of Distribution
Rethinking the Future of Distribution
via The Financial Brand

Banks and credit unions are rethinking their distribution strategies as more people than ever are using digital channels. Despite this shift, closing all branches is not the best alternative. Neither is keeping them all open.

The top 10 Fintech companies disrupting financial services
The top 10 Fintech companies disrupting financial services
via Information Age

As the Fintech industry continues to evolve and disrupt financial services, we explore the top 10 companies in the space

JPMorgan Chase: The Real Winner Of The Fintech Micro-Bubble
JPMorgan Chase: The Real Winner Of The Fintech Micro-Bubble
via Forbes

JPMorgan Chase is this week’s Long Idea as well as one of the original “See Thru the Dip” picks.

HSBC challenges fintechs with launch of SME banking app Kinetic
HSBC challenges fintechs with launch of SME banking app Kinetic
via Fintech Futures

HSBC has officially launched its business banking app Kinetic, designed to offer small and medium-sized enterprises (SMEs) a comparative service to new fintech entrants.

Nigerian fintech of the unbanked Bankly raises $2M led by Vault
Nigerian fintech of the unbanked Bankly raises $2M led by Vault
via Tech Crunch

Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services.

Plaid accelerator announces inaugural cohort of fintech startups
Plaid accelerator announces inaugural cohort of fintech startups
via Tech Crunch

Plaid, the fintech giant, has announced the inaugural cohort of startups in its new accelerator program, FinRise.

Citi Partners with Fintech Company Sharegain
Citi Partners with Fintech Company Sharegain
via Finance Magnates

The Bank has introduced a fully automated securities lending solution for wealth management firms.

Silicon Valley: How Fintech is Leading the Way in Chatbots
Silicon Valley: How Fintech is Leading the Way in Chatbots
via The Fintech Times

Chatbots have been around for a while now – helping us navigate websites, providing customer service and generally, when they aren’t too clunky, improving user experience.

How China’s FinTech is changing everything
How China’s FinTech is changing everything
via The Finanser

I joined a Clubhouse discussion the other day – Clubhouse? What? – and discussed Chinese FinTech and its impact on the rest of the world.

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