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What's going on with demand for banking apps?

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As the new year kicked off in earnest, the fintech money spigot began to open a bit more. As they say
 
January 15 · Issue #65 · View online
Tearsheet Weekly Newsletter
As the new year kicked off in earnest, the fintech money spigot began to open a bit more. As they say, raise money when you can, not when you need to. 
— Zack Miller, founder, Tradestreaming

SAP’s Kris Hansen on blockchain: ‘Put the trust into the algorithm’
Blockhain hype still outstrips real world activity. To see what’s going on in the real world, we spoke to a blockchain expert at SAP.
ATMs are the distributed bank of the future
More ATMs are now placed offsite than on
A recent study showed that for the first time, there were more ATMs located away from bank branches than located onsite. That’s an interesting outtake as banks shrink their physical branch footprints.
Inventor of video ATM gears up for next battle: mobile video banking
In 2001, Gene Pranger was hard at work on uGenius, a pioneer of the Interactive Teller Machine. Now, with BankOn, he’s on to something arguably even bigger: mobile video banking.
What's going on with demand for banking apps?
usage of banking apps at an all-time high
Mobile apps are growing, even if that growth is slowing down. There’s still a lot of opportunity for banks to migrate older customers to other channels.
With escrow, Armor Payments holds the key to global B2B payments
While ecommerce has gone global, payment solutions still generally lag. In 2016, Payoneer acquired online escrow firm Armor Payments to get serious about B2B payments.
What we're reading
  • What Facebook’s European payment license could mean for banks (TechCrunch)
  • States to Feds: Back off on new fintech bank plan (WSJ)
  • Why fiduciary advisors will profit without a fiduciary rule (Institutional Investor)
  • Can blockchain make life better for the world’s poorest people? (NPR)
  • Hancock’s 2.7M retirement savers to get roboadvice via NextCapital (ThinkAdvisor)
  • Now available on Facebook Messenger, Digit bot has helped people save $250 million (VentureBeat)
  • DTCC, Wall Street clearinghouse, to adopt blockchain technology (NYT)
  • FactSet debuts global fintech index (FactSet)
  • Top 100 banks on Facebook (The Financial Brand)
  • Bitcoin will never be a currency – it’s something way weirder (Wired)
  • In China, almost 15 percent of fintech consumers borrow money online (eMarketer)
This week's fintech investments
  • P2P lending site Funding Circle raises another $100 million led by Accel (TechCrunch)
  • iZettle scores $63 million For SMB financial services (PYMNTS)
  • Northwestern Mutual establishes $50 million investment fund (Finextra)
  • Eric Schmidt-backed HouseCanary raises $33 million for real estate data (TechCrunch)
  • London’s financial services marketplace CompareEuropeGroup secures €20m (Tech City News)
  • Slack invests in finance bot startup Sway Finance (Bank Innovation)
Stay connected to Tradestreaming
  • For more fintech coverage, join our Facebook community. Follow us on Twitter at @tradestreaming.
  • Have a tip or story you’d like to share? Email us with stories about ATMs that chat, data on mobile banking, or epic stories of global payments at info@tradestreaming.com
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