Pulse: Finance, Banking, and Regulation
Chatbots in banking, the banks that do APIs well, and the rise of open banking. This week's FinTech links provide a look at the shifts in technology that can move banks away from consumers and provide consumers a way to gain greater control over their banking experience.
And then there's the genuine coin of the realm, in the form of paper money. National Public Radio reports that 80 percent of U.S. currency circulates in hundred dollar bills—"Franklins"—but nobody really knows where they are.
Things to look for in 2017 include progress on faster payments in the United States, greater regulatory scrutiny of FinTech here and abroad, and blockchain use cases put into action. FinTech firms will continue to shake up the way consumers invest, insure, and conduct transactions—and card payments will continue to rule.
I loved the Random Notes column in Rolling Stone magazine when I read it in high school. This week's email and its collection of FinTech links seems pretty random to me, and one of the articles focuses on a FinTech firm that goes back to 1976, when I was reading Random Notes rather than FinTech news.
How to Justify a high valuation and low growth simultaneously
Data and its use and control, more than any technology innovation, took a primary position at this year’s Money20/20 conference and exhibition. This year’s annual event brought more than 10,000 financial-services executives, entrepreneurs, and technologists to Las Vegas for a whirlwind of meetings, presentations, and demonstrations.