Finserv Reading - Week ending June 28, 2020
Bijon Mehta
Chief Operating Officer I Enterprise Software GTM I Adjunct Professor @ Fordham University
Banking
US banks deposits have grown by $2 trillion amid the coronavirus
Dear Monzo, Starling, and co; We're still a long way off the perfect neobank
Digitalization is changing banking these three trends will help shape its future
WhatsApp Pay for Brazil deals new blow to banks
US Bank rolls out cafeteria-style payment system for carriers
The tiny bank that got pandemic aid to 100,000 small businesses
HSBC plans to double bank users in cost-cutting drive
Amazon-like future awaits banks as virus hastens online push
The covid-19 crisis: How does banking come back from this?
BTG to raise $380 million to fund digital banking and wealth unit expansion
Wall Street
Restaurant reservations, driving directions and other indicators Wall Street is watching
Wall Street could FOMO into the stock market in Q3
Pandemic propels old school bond traders towards an electronic future
Why the future of financial markets is in the cloud
Long live Jay Powell, the new monarch of the bond market
CBOE to challenge CME and Rifinitiv with new FX platform
Economy
The work-from-home revolution is only just beginning
The triple crisis shaking the world
Asset Management
The existential crisis facing long-short equity
Blackrock cuts fees for its largest exchange traded fund to match Vanguard
Lenders to ailing companies circle wagons to fend off distressed debt investors
How one strategy delivered during the covid-19 crisis
Millennium seeks $3 billion of private equity-style capital
Wealth Management
The wealth management industry may need to reevaluate business models
In a digital age, a wealth managers best sales tool is being human
Two-thirds of investors report their advisors are worth the cost
The new normal for the private wealth sector
Insurance
The future of data in insurance
Insurtech faces short term pressure
Coronavirus increasing demand for insurance fintech
Real Estate
Rising tides threaten an American institution: the 30 year mortgage
US home mortgage delinquencies reach highest level since 2011
The jumbo market shows signs of heating up
Lawmakers ask Fed to help businesses struggling to make mortgage payments
Payments
The credit card fees merchants hate, banks love, and consumers pay
The pandemic is doing to credit cards what iTunes did to CDs
Brazil suspends WhatApp's payments service
Mastercard to buy Finicity for open banking push
The rise of card-on-file commerce
Venture Capital / Private Equity
Blackstone skips payments on $274 million hotel loan
The mixed case for private equity in retirement plans
AI / ML
If AI is going to help us in a crisis, then we need a new kind of ethics
The benefits of effective chatbots on customer experience
Beyond chatbots: Conversational AI in banking
Emergence of conversational agents in investment banking
Bigtech
Tech conferences go virtual, sparking a surge in attendees
Jack Ma's fintech giant Ant to drop 'financial' from its name
Covid-19: How tech is reshaping future of business
Uber is reportedly scaling back its digital finance ambitions
Google to offer loans to merchants in India
Fintech
Fintech firm nCino files for $10 million IPO
Wirecard's insolvency is a warning to fintech investors
Utah fintech MX is convincing financial institutions to do things differently
Capital Markets Gateway raises $25 million from Goldman Sachs, JPMorgan and other banking giants
Blockchain / Crypto
Ripple backs simplified SWIFT rival PayID
PayPal, Venmo to roll-out crypto buying and selling
Regulation / Compliance
Moves to limit Big Tech still only half-formed
OCC continues digital banking modernization
Futures exchanges get discretion to police technology glitches
Corporate Venture / Innovation
7 tough truths for corporate innovators in 2020
Amazon to launch $2 billion venture capital fund to invest in clean energy
What is startup scouting: how to be the chosen fintech
Digital innovation units: starting-up for scaling-up
1871, BMO Bank announce Wmn-Fintech accelerator's inaugural class
Intrapreneurship? It's a trap!
Personal Development / Leadership
What makes some people more resilient than others?
13 lessons Marcus Aurelius learned from his father(s)
How to succeed in your office job when there is no office
You must live an interesting life
Your relationship with failure
7 ways to retain more from every book you read
5 personality traits that make you mentally tough
Poker and the psychology of uncertainty
Podcasts / Videos
The kings of consulting: McKinsey & Co
The lost art of thinking for yourself
Powering 95% of US digital banking with Galileo
Marcus by Goldman Sachs: Digital banking built for the consumer
Speeches / Communications
IMF MD remarks at US Chamber of Commerce: From great lockdown to great transformation
Research Reports
Citi: Technology at Work v5.0 - The new normal of remote work
JPMorgan: Payments' Potential - How payments can enhance the customer experience and spur innovation
BCG: The serial innovation imperative
BIS: Central banks and payments in the digital era
ACI: Envisioning a pan-regional real-time payments ecosystem in Southeast Asia