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A SWOT Analysis of the $100B Regtech Market
Entrepreneurs are no longer discouraged by the gatekeeping of regulators, and have turned their attention to other pain points in the financial sector. The rise of 'Fintech' has not only brought about the evolution of financial services, but also innovative new ways to understand, test and prove compliance. Solutions cover various areas, such as regulatory reporting, risk management, KYC compliance, secure messaging, and transaction monitoring.
Fintech in the US is stymied by old-fashioned regulators
Many regulators, from Hong Kong to London and Ottawa, are actively working to encourage the next generation of safe financial innovation through new rules and laws. The US is falling behind. Its paralysed regulatory system allows other governments to take the lead and overseas companies to out-innovate American entrepreneurs.
Where Top European Banks Are Investing In Fintech In One Graphic
In 2018, the financial services industry is undergoing monumental regulatory reform.
European regulations, including the revised payments services directive (PSD2) and the UK’s open-banking mandates, are helping to drive these changes. Both were implemented by regulators to foster new competition in the market by lowering barriers for new entrants and creating equal access to proprietary customer data.
Sell all crypto and abandon all blockchain
Blockchain hype is an essential part of the crypto-craze, and its fading is cause to expect the eventual crash.
The reason is a relationship between a beguiling, but wrong, idea about technology, and the value it has injected back into crypto-currencies such as Bitcoin and Ethereum. Break that cycle, and you unspool the loop that's spun itself into a boom.
The Four Pillars of Digital Transformation in Banking
Digital transformation is about more than just providing online and mobile functionality. Traditional banking providers need to combine digital speed and convenience with human interactions that are both thoughtful and caring at crucial moments in the customer journey. Here’s how to get there.
History of WWW and a Caution About Prematurely Judging Fintech
When faced with a new technology, approach, tool, API, etc. there’s an almost universal “first reaction” from some people to document all the ways it fails. This is the “tech buzzsaw”. Every single tech I can think of was subject to this. One in particular…
was the Web/Internet. Back in late ’93, early 94 when the corporate tech world was first confronted with these “new” technologies, the first reaction was “there’s no way that this free, university developed, flakey,…network can work”. How did I see this happen?
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Hot News
Coinbase acquires decentralized app browser/wallet Cipher Browser
Coinbase will be combining the Toshi and Cipher Browser teams. It won’t be too crazy of a restructuring, given that Cipher was actually just created by a single person. That single person, Pete Kim, will become the head of engineering at Toshi as the company looks to integrate certain features from Kim’s product into the Toshi browser. Kim will work with Sid Coelho-Prabhu, Coinbase’s product lead for Toshi.
Kabbage to Acquire Startup Backed by Wall Street Titans
Kabbage plans to use Orchard’s technology, and some of the employees are also expected to move to Kabbage’s New York office, said the people, who asked not to be identified because the plans are private. It’s unclear how much Kabbage will pay, and the transaction could still fall through. Kabbage and Orchard declined to comment.
Revolut, the payments startup, will see its valuation jump five times to $1.4 billion after a financing round led by DST
DST Global, an investing firm founded by Russian venture capitalist Yuri Milner, is expected to lead a round that values the company at about $1.4 billion, not including the new cash, the people said. Revolut has been pitching investors in recent months on a deal that would raise about $150 million, but the total amount collected could now climb to $250 million. The round is not yet closed.