According to the first part of the book, banking is being broken down into its smallest components as a result of progressive digitization and media change. It atomises and settles on the big digital platforms and ecosystems. The function (banking) is looking for a new form (platform / ecosystem). Further,…
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The Financial Stability Board (FSB) based in Basel published a report on the application of technology to finance, or fintech, and the structure of the financial services market. The subtitle of the report, more in-depth, reveals the intentions of the authors: “changes in the markets and implications for financial stability”.…
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With the FinTech partnership program “Elevator Lab”, Raiffeisen Bank International (RBI) is pursuing the goal of intensifying its cooperation with FinTechs in Central and Eastern Europe. Yesterday, Thursday, a Demo Day took place in Vienna, where a total of eight FinTechs presented their technologies. In 2017, Raiffeisen Bank International (RBI)…
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Financial affairs have always been a matter of trust – and that will probably not change in the future. While traditional banks have been able to build on this for decades, the young fintechs still have a long way to go. And too often it has been disappointed in the…
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The London N26 competitor Revolut wants to drive expansion with local teams in 19 European countries, including Austria. Over the past three months, it has increased from three to four million users. In the medium term alone in this country will be a million. Ambitious goals are one of the…
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The digital payment market could be $ 100 trillion in the future. This explained Dan Schulman, CEO of the online payment service PayPal, to the US news channel “CNBC”. With the boom in online commerce, digital payments are on the increase. PayPal CEO Dan Schulman is convinced that we could…
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Visa and the French bank Natixis have reached an agreement to create an alliance with which to provide services related to payments to European startups. The objective is to offer services focused on both the issuance of cards and the adoption of the necessary regulations and procedures. At the moment…
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Once the German online payment service provider was more valuable on the stock market than the Deutsche Bank. The supervisory authorities are now considering Wirecard, which also operates in Switzerland, as the trigger for a conflagration – and are stepping in. This has never happened before. The Federal Financial Supervisory…
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About a year and a half after the launch N26 ended its investment offer for now: So far, German bank customers could invest their money through the Robo-Advisor Vaamo in so-called ETFs. This partnership has been stopped for the time being, as Vaamo founder Thomas Bloch confirmed on demand. The…
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BBVA has proven that the alliance between banking and ‘fintech’ favors digital solutions. “As a bank, we have a very close relationship with the ‘fintech’ ecosystem, which generates positive results always aimed at our customers. With the alliance between banking and ‘fintech’, we gain agility and they gain experience to…
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