While Amazon is unlikely to buy a bank in 2018, they are still a threat to banks and other fintech companies; the company is already involved in payments, cash, debit cards, small business lending and consumer credit; Tearsheet shares how retail and financial services companies are becoming more intertwined and how this is a trend that will continue into 2018; the way consumers interact across various apps and accounts is also having a significant effect on banks. Source
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Raisin offers a platform to offer savings account options across Europe; they currently have over 100,000 customers; the funds will be used to accelerate growth across Europe. Source
Skinner revisits the predictions he made at the beginning of 2017; he discusses the rise of insurtech, regtech, PSD2, blockchain and more in his blog post. Source
Coinbase now supports bitcoin cash and is looking into whether employees took advantage of the launch; employees may have been able to profit as they knew it was about to be added on Coinbase. Source
The highest court in China publishes information on their website of those who have failed to repay loans; debtors are unable to fly domestically, use the high speed train system or enroll their children in private schools; individuals also have a number of other restrictions; the ban works by linking a person’s ID number; the list launched in 2013. Source
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Lend Academy shares recent initiatives from Barclays and PNC Financial Services as traditional banks move into the online consumer lending space. Source
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Remittances is a huge business with over $600 billion remitted every year; the fintech startups currently leading are WorldRemit, TransferWise and Remitly; the WSJ breaks down the various offerings as well as the other players in the industry; includes data on the remittance market across the globe and trends in the industry. Source