Fasanara Fintech Weekly

Banks Need Better Fintech Approach, Visa Acquires Fintech, Sinking Chinese Tech Stocks & Other News




Happy Wednesday!



In this edition:


  • US banks need better approach to fintech, says ex-Goldman executive

  • Visa acquires UK FinTech in £700m deal

  • Starling Bank boss: “We are pulling away from the fintech pack.”

  • Chinese tech stocks sink as regulation fears hit Tencent

  • Gresham Technologies: It’s Time for Banks to Get Their Heads in the Cloud.






US banks need better approach to fintech, says ex-Goldman executive.



The banking industry needs to take a different approach to building new technology if it is to keep up with innovation at fintech companies, according to the former head of Goldman Sachs Asset Management, Sheila Patel.


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Visa acquires UK FinTech in £700m deal.



Visa has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and FinTechs to provide innovative foreign exchange solutions for cross-border payments.

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Starling Bank boss: “We are pulling away from the fintech pack.”



Starling Bank today moved to position itself as the “adult” in the fintech room, insisting it is best placed to offer serious competition to the big banks.


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Chinese tech stocks sink as regulation fears hit Tencent.



Chinese tech stocks plunged for a third day as investor fears mounted over a broadening regulatory crackdown, with shares of Tencent falling the most in a decade after the internet group halted registrations on its flagship app.

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Gresham Technologies: It’s Time for Banks to Get Their Heads in the Cloud.



Banks and financial institutions have been hesitant to adopt public cloud technology due to a fear of losing control. Neil Vernon, CTO at Gresham Technologies, analyses the psychological barriers facing financial services executives and how to overcome them.

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Thank you for the time!