FinTech News: January 22nd, 2016

This week in FinTech: how tech giants like Amazon and Google are positioned to enter Finance. Mobile banking is lucrative, but banks are struggling to keep up, fundings, and more.

 

Why Amazon and Google are Bound to Enter Finance (DisruptiveFinance)

These tech giants want to be the center of our digital lives. Adopting a FinTech focused strategy can help them get there, with Chinese giants Alibaba and Tencent leading the way.

 

As More Pay by Smartphone, Banks Scramble to Keep Up (The New York Times)

Investment in retail banking startups tripled in 2015. Here’s what banks are doing to stay relevant.

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Mobile banking adoption boosts revenue – study (FinExtra)

Mobile banking customers are more loyal customers, less likely to switch banks, and they use 2.3 financial products from their banks, compared to 1.3 from non-mobile customers.

 

FolioKarma Releases Ethical Investing App (FinExtra)

Superstitious, yet bullish? FolioKarma joins Motif and other tech companies to help investors chase high return portfolios without sacrificing their values.

 

E*Trade opens one-stop-shop for analyst comments and social sentiment (ETFC)

E*Trade now allows its customers access to TipRanks services directly from their website, with aggregated analyst opinions and sentiment.

 

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15 (Finovate)

Fundings from Finovate. See who’s bathing in venture dollars this week.

 

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