What you need to know: The willingness, understanding, and perception of the banking industry to try open banking has increased. Open banking no longer looks like a threat to the industry but an opportunity, and banks are investing heavily in APIs now. IT renovation...
What you need to know: First, collaboration between conventional banks and fintech platforms will continue. Yet, the limited-purpose fintech bank charter may not reach final developments before 2017 ends. Second, marketplace lending will continue with smaller...
What you need to know: Fintech has been transforming the financial services sector. In 2016, Insurtech became a new buzzword, inside the insurance industry. Digital Risks, a London-based Insurtech startup, focuses on offering insurance for digital businesses. It...
What you need to know: HYPR Corp, a biometric security firm, launched a secure platform for the e-Commerce sector. The platform decentralizes the storage of data for safe usage, instead of using alphanumeric passwords. Healthcare providers, mobile wallets, and large...
What you need to know: Although established banks were fearful of disruptions in the past, banks and even Wall Street are already embracing fintech because it increases their net profits and reduces their complexities yearly. In addition, fintech is evolving so...
