“Must Reads” for 15 February

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

• Mobile banking: a catalyst for economic transformation
• The Unbanked in Africa Could Be One of the Biggest Opportunities in Fintech History
• Here’s where AI will advance in 2021
• AIoT: When Artificial Intelligence Meets the Internet of Things
• Why Branch Banking is Dying in America
• Fintech's Market Favorability Likely To Continue Throughout 2021
• How IoT and smart city technology works: Devices, applications and examples
• Data Drought Slows Advance of AI in Cybersecurity

GameStop trading frenzy being probed for misconduct

The trading frenzy that saw unexpected surges in GameStop, AMC and other stocks has now got the attention of federal regulators who are now investigating the rally for market manipulation or other misconduct, The Wall Street Journal reported on Tuesday (Feb. 11), citing sources.

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“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.