Collaborating Authors


FinTech in Focus – October 21, 2019


On Friday, we published an update to our exhaustive list of legislation directly and indirectly related to FinTech. In all, the update highlights 89 FinTech-related bills and 151 bills indirectly related to FinTech. We also include several charts that further break down the legislation. In this week's edition of FinTech in Focus, we hear from Milken Institute FinTech Advisory Committee Member Margaret Hartigan, founder and CEO of Marstone, an enterprise-ready tech platform for financial institutions. Marstone offers a flexible wealth management solution that enables financial organizations to efficiently and affordably reach, acquire, and retain more clients through its core-agnostic offering that meets client needs as their financial position matures. In the Q&A, Margaret and I discuss the rise of digital wealth management platforms, Marstone's operations, financial literacy, and market volatility. Amazon Speaks: The US-based e-commerce giant recently published "Our Positions," a piece covering Amazon's stance on several US policy issues. Among the positions raised: Governments should work quickly to put in place a regulatory framework for facial recognition technology, and consumer data privacy should be protected under federal law.

AI-Driven Predictive Analytics: New Opportunities for Financial Institutions -


One can argue that even the most innovative banking institutions are bureaucratic enough, and their slow decision-making causing banks to lose their premium over fintech applications, peer to peer lending marketplaces, and payment processors. At the same time, many expanded into the business of micro-lending. Banking services are no longer a monopoly of banks, and traditional financial institutions have to innovate in order to survive. The era of non-traditional financial services providers such as Amazon Payments, PayPal Payments and PayU, has risen. The launch of the Payment Services Directive II in Europe unlocks new dynamics for FinTech and Payment Services.

Overview of the Payments Industry


Banks That Have Implemented Social Media Payments Through Facebook and Twitter, Let's Talk Payments

Will Banks ever be successful in Mobile Financial Services


– This article is only meant for discussion and healthy arguments, its not a conclusion by any means this is just an assumption and current picture focused on African & few other markets. Today payment industry can be compared with either payment war, payment jungle or even just payment storm. On the other hand how Mobile Financial Services have brought FinClusion (financial inclusion) to millions of people that have no access to traditional methods of banking. In many parts of Africa, there simply exists no bank infrastructure for people to be able to bank in the traditional way. Even where they do exist, people do not dare to enter into the big bank halls due to killing charges, KYC requirement equivalent to climbing the mount everest and time to travel miles to go or even time to stand in long queues or have the patience to go through the bank's processes. Where MFS providers in the name if FinClusion have done wonderful job by cutting all these barriers in one single shot. So the question here is "Will banks ever be successful in mobile financial services" with their hundred year old mind set and business rules.

Microsoft's director of financial services: the future of fintech lies in AI


If there's anyone who can talk about the rise of fintech (financial technology) and where the sector is going, its Microsoft's director of financial services, Richard Peers. He's been working for the legacy tech company for the past 21 years, and it's given him some advantages. And one of the advantages of being around for that amount of time is as the industry changes, you can change your roles," he told Verdict. Six years ago he was working with Microsoft's teams that were working with the banks developing mobile apps. In doing that, I met the whole wave of the need to modernise banks, the need to improve the customer experience, deal with the frustration employees had with the systems, and what was being done to improve the operational capabilities.

New Competitors Forcing Banks to Reevaluate Innovation Strategies


Innovation continues to be a strategic priority in the banking industry, with new business models emerging including partnerships with fintech startups. As competition expands and consumer expectations for enhanced digital banking services increases, new business models in banking are emerging and being deployed in real applications. Investment in innovation and in technologies like artificial intelligence are transforming the way rich data is analyzed and applied, creating the potential for real-time contextual banking engagement. The innovation agenda has become intertwined with the digitalization agenda, with both requiring changes in culture and back office operating systems. Investment in delivery channel innovation continues to be the most important focus for the banking industry, responding to expectations set by other industries.