The European Central Bank (ECB) is considering additional capital buffers to banks looking to incorporate fintech; the regulator says adding fintech to the bank will increase the potential for a volatile client base and the untested products will need a lot of capital; this is part of the recent draft licensing guidelines released by the ECB. Source.
Author and fintech expert Chris Skinner discusses the impact of fintech companies on banking services; the idea of free banking will essentially be gone as fintech companies are able to focus on transactional services the banks once dominated; he calls this the democratization of finance and it will help to bring more transparency to banking overall. Source.
Here is a multi-track podcast player of the sessions from the track SMB Fintech: New Solutions for Lending & Banking held in New York.
10x Future Technologies, founded by former Barclays CEO Antony Jenkins, is developing a cloud-based core banking system that will allow banks to hold deposits and accounts; the company believes their technology will give banks better access and insights into clients' data; this new tailored access will allow the banks to offer products that will better fit their customers' needs. Source
Goldman Sachs is entering P2P lending. This is a major milestone for our industry since it marks the 1st bank...
Karen Mills, the former head of the Small Business Administration, says in an op-ed in American Banker that we are...
Frank Rotman, a founding partner at QED Investors, pens the popular Fintech Junkie blog and in his latest article he...
FedNow is almost here. Some are concerned innovation for the new payment rail may cause the divide between small and larger banks to widen.
Earlier this year Frank Rotman, a partner at QED Investors, released the seminal white paper, The Hourglass Effect, focused on...
HSBC is looking to scale back their operations in the US, mainland Europe and in their investment bank; at the...