Pulse: Finance, Banking, and Regulation


FinTech Favorites

This week's report focuses on some of my long-time favorite sources of banking and FinTech news and insight. I follow the industry through reports from media organizations and industry experts I respect and trust. I started thinking about my sources and methods after reading Ron Shevlin's post "FinTech influencer lists have jumped the shark."

FinTech Chicago

Chicago FinTech executives and developers celebrate, examine, and help create the future of money and finance through a series of events April 24 – 30. As the week approaches, Chicago takes the fifth spot in a new list of global financial technology hubs, based on FinTech innovation research by Deloitte.

Taking the Long View: Financial Sector Regulatory Overhaul and the Trump Administration

Donald Trump vowed as candidate and newly elected president to “do a number” on Dodd Frank, the sweeping 2010 financial services and consumer regulatory reforms and Dodd Frank’s sidekick, the Volcker Rule. While directives by presidential fiat to Trump’s Treasury Secretary, Steven Mnuchin, and regulators to take initial steps, the congressional action needed to overturn Dodd Frank is far less certain. 

Pot Payments

In doing some research on the why legal cannabis businesses cannot get bank accounts, I came across a letter on cannabis business regulation sent last week by the governors of four states to U.S. Attorney General Jeff Sessions and U.S. Secretary of the Treasury Steve Mnuchin. Give pot a chance, the letter essentially asks.

The Check Is In the Mail

In the great whirl of FinTech news, with daily reports on the potential of artificial intellitence, machine learning, bots, and blockchain, the power of present practices can be forgotten.

Most small and midsize businesses pay with paper checks: 62% according to a recent Javelin Strategy and Research survey. Because it's easier.

Regulatory Trumps

Bots!

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.

FinTech Ubiquity

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.

InsureTech Rules

FinTech's insurance sector came to the fore this week. This Google Trends chart and series of tweets tell the story of InsureTech's growth in 2016.

Random FinTech Notes

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

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