The weekly FintechFT newsletter has relaunched as The Future of Money.
Each Monday, US banking correspondent Imani Moise and banking and fintech correspondent Sid Venkataramakrishnan take the reins as rotating authors, to bring readers expert reporting and analysis on the fast-moving world of fintech.
The Future of Money offers insight from Imani and Sid’s unique standpoints on the convergence of technology and banking. From AI to APIs, this newsletter provides a round up of the latest industry news alongside original content, enabling readers to understand how technological advancements are impacting the banking sector.
Keeping up with the changes in finance & technology
The FT doesn’t just focus on Silicon Valley tech - it talks about technology transformation, looking at the tech implications for every business in areas from blockchain to retail to AI.Co-Head, Clifford Chance Tech Group
Over time, it's become increasingly difficult for professionals in fintech and traditional finance to keep up with how technology is changing the way in which we conduct financial transactions.
In the UK, neobanks Monzo and Revolut are competing with incumbents such as Barclays and HSBC on the quality of their digital services. In 2021, fintech venture funding doubled globally to $210bn as 60 per cent of Americans sought out new apps to manage their finances during the covid-19 pandemic. However, 80 per cent of Monzo’s customers still used traditional banks alongside their ‘flashy fintech cards’.
Traditional banks have also encountered competition with big tech companies who don’t seem to be facing the same regulations as more established lenders. In 2016, the Central Bank of Ireland granted Facebook the licence to conduct basic financial services to EU citizens. There are also signs indicating that Facebook alongside tech giants, Google and Amazon are planning to overturn traditional lenders in providing financial services.
The days where a single channel for financial services was controlled by banks are coming to an end. Companies like Google, Amazon, Facebook and many others who have much more intimacy with their customers will be able to demand and create better services.Head of Banking, Accenture UK and Ireland
The Future of Money aims to provide professionals in both traditional finance and fintech with up-to-date information and analyses to make timely, informed decisions. Making the most of potential opportunities can only happen if you are able to spot emerging trends.
With the fintech sector growing at a pace many struggle to keep up with, this weekly newsletter will provide valuable information as to how individuals and businesses can avoid falling behind.
An example of this can be learnt from the pandemic. As the world shut down during the 2020 lockdowns, many fintech companies blossomed. In fact, 2020 proved to be the second-best year of funding for those within this space. These businesses were able to gain a competitive advantage from a rather unique situation, as many opted for digital platforms to provide a range of services. Authors Imani and Sid will ensure readers have exclusive access to insiders that are changing the future of financial services to keep them ahead of the curve.
Who is this newsletter for?
The Future of Money is designed for anyone who is interested in learning more about the way financial services are changing, as a result of the advancements in technology. As a result, readers will be able to distinguish between innovation that is sustainable to that which is disrupting the banking industry.
For Toppan, a company combining printing with innovative technology, gaining a global perspective was a key driver behind offering FT.com access for employees. The Future of Money represents a continued effort by the FT to provide professionals in businesses like Toppan, the opportunity to widen their knowledge base whilst ensuring that the ‘bigger picture’ isn’t limited by any means.
While our Cryptofinance newsletter will be the new home for all things cryptocurrency, The Future of Money will continue to provide readers with news coverage on the convergence between banking and technology.
How do I sign up?
The Future of Money is only be available for FT.com readers with a premium subscription. If you’re a premium subscriber and are already logged in to your FT.com account, you can sign up with one click to the newsletter here.
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