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What does a fintech data scientist really do?

Hope your vacay was nice and restful. Mine was, full of friends and family. Here's to good times in 2
January 8 · Issue #64 · View online
Tearsheet Weekly Newsletter
Hope your vacay was nice and restful. Mine was, full of friends and family. Here’s to good times in 2017 for you, your businesses, and to the financial industry as a whole.  
— Zack Miller, Tradestreaming
P.S. Is your family sick of hearing about fintech? (we know, Dad – blockchain can be a transformative technology if things go right…)

Big bank innovation is a thing
While some incumbent FIs have window dressing programs of innovation, others are actually really doing it. As it works to redefine the role of the modern bank, Spain’s BBVA has embarked on a multi-faceted program that combines in-house incubation and technology platformification with external investments and partnerships.
But what does a chief data scientist really do?
Clarity Money's chief data scientist has a strategic role
Chief data scientists are becoming increasingly strategic at fintech firms. For a whole day, we followed around the co-founder of hot personal finance app Clarity Money to see just how data drives his firm’s technology.
Top podcasts of 2016
2016 was a transition year for fintech, as the hype kind of subsided and firms got down to really figuring stuff out. On the Tradestreaming Podcast, we tracked how the industry is changing by interviewing the people making it happen. Here are seven of our top podcast episodes of 2016.
WTF is regtech?
Banks spend billions of dollars managing compliance and regulation. Technology that helps to decrease that burden is called regtech. Here’s more about regtech and why so many people are excited about the opportunity.
Chart of the week: Insurtech financing trends
Insurtech deal activity hit a high in 2016
Well, it felt like a big year for insurtech and it definitely turned out to be. While total dollars heading into the space dropped from 2015, the number of insurtech deals surpassed the previous year’s mark. That means younger companies were attracting capital (in fact, 2/3 of the investments made in the space were early-stage). 
This week's fintech investments
  • China launches $1.4 billion mega fintech fund (DealStreetAsia)
  • P2P lender Funding Circle gets £40m from UK gov (Finextra)
  • Mobile authentication firm Payfone raises $23.5 million (Finovate)
  • Monese, app for the European unbanked, closes $10 million (Finextra)
  • Blockchain privacy platform Blockstack receives $5.3 million investment (PYMNTS)
What we're reading
  • 4 fintechs eyeing IPOs in 2017 (Bank Innovation)
  • Fintech VC’s investment wishlist (Pascal Bouvier)
  • Online insurer Lemonade says it processed claim in 3 seconds, no paperwork (PR Newswire)
  • Beyond roboadvisors: How AI could rewire wealth management (American Banker)
  • Two major credit reporting agencies have been lying to consumers (The Atlantic)
  • The aftershocks of the war on cash (Dave Birch)
  • Are fintech leaders ‘old’ or 'experienced’? (The Financial Brand)
  • Paytm, India’s top mobile payments firm, gets approval to launch its own digital bank (TechCrunch)
  • Move to digital payments means more paper for bank statements (FT)
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  • Have a tip or story you’d like to share? Email us with stories about new venture funding stories, epic descriptions of successful marketing campaigns, or interesting insider views of newly developed apps at
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