“Must Reads” for 12 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• 10 Must-Read Books on Fintech, Payments, and Digital Banking
• Deutsche Bank to pay $130M to settle bribery, ‘spoofing’ charges
• Managing the Impact of Cloud Computing
• The 3 Questions Driving the Future of AI
• How the pandemic will change banking in 2021
• Why Banks Should Achieve Harmony In Digital Channels
  

What Happened to China's Superstar Entrepreneur Jack Ma? - WSJ

After Jack Ma criticized Chinese regulators, Beijing scuttled the initial public offering of his fintech giant Ant and he largely disappeared from public view. WSJ looks at recent videos of the billionaire to show how he got himself into trouble.

“Must Reads” for 11 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• Is Mobile Banking Safe? Follow the Best Security Practices
• Compensation or compromise? The risks of compliance bonuses
• Going Passwordless: Cybersecurity for the New Decade
• 5 cybersecurity lessons from the SolarWinds breach
• Who Wins the UX Arms Race: Traditional Banks or Neobanks?
• Trends That Will Shape the Future of Fintech

The minimum wage: does it hurt workers? - The Economist

Joe Biden has pledged to raise America's national minimum wage to $15 an hour. Economists traditionally believed that minimum wages actually hurt workers, but recent research has led to a rethink.

What is Banking as a Service?

Banking as a Service is used by the likes of Chime, Monzo, and so many more online banks and financial service providers.

So, what exactly is Banking as a Service (BaaS)?

Well, it’s the provision of complete banking processes as a service using an existing licensed bank’s secure and regulated infrastructure, with modern API-driven platforms from a specialist provider. These providers partner with those banks, and then BaaS lets almost any brand to embed financial services into their customer experience​. And that might sound complicated - but it doesn’t have to be. Here to give you a run-down of BaaS is 11:FS Head of Ventures Simon Taylor.

“Must Reads” for 10 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• Bridging the Trust Gap: How Fintechs Beat Incumbents at Their Own Game
• Has JP Morgan Chase learnt the lessons of Finn and Bó? - FinTech Futures
• New Ethical Concerns in Online Privacy and Data Security
• Common themes from financial statement fraud SEC enforcement actions
• Open Banking Is Now Essential Banking: A New Decade’s Global Pressures And Best Responses, Part One
• FinTech in 2021: Top predictions and trends

“Must Reads” for 9 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• British Airways breach could cost billions in landmark class-action push
• Cybersecurity firm Stormshield hacked. Data (including source code) stolen
• Industrial IoT: Benefits, Use Cases, and Challenges of wide-spread IIoT implementation
• Central Banks Edge Toward Money’s Next Frontier in Digital World
• The Next Cyberattack Is Already Under Way
• Who Says You Need A Charter To Be A 'Bank'?