Also: 💳 Cards with LEDs and biometrics 🖥 From branches to websites to apps to websites 📈 Crowdfundin
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October 12 · Issue #31 · View online
A weekly summary of the latest news in our world of finance, design, and technology.
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Also: 💳 Cards with LEDs and biometrics 🖥 From branches to websites to apps to websites 📈 Crowdfunding on the rise? 🧮 Excel is not excelling 👨🎨 The best-designed finance projects of 2020
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We’re always interested in companies launching new cards. After all, it is more or less the only physical manifestation of a bank. This week Razer, mostly known for its gaming hardware, launched a prepaid card with Visa. What’s different than other cards, you say? Well, this has Razer’s logo glowing in green LED-lights when making a payment. (You also get 1 percent back on select purchases, and 5 percent back on items bought at Razer’s online store).
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(Image credit: Razer)
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Christoffer Hærnes, former CDO in Sbanken, a few weeks ago, wrote about Fintech as the revolution that didn’t happen . When PSD2 came, we were promised a wide range of exciting new fintech services which would disrupt our everyday banking. Truth been told, there hasn’t happened a lot with the relationship we have with our banks, only a few banks supporting showing accounts from other banks. However, many Fintechs are still trying to disrupt banking, but are having trouble due to the new economic environment after COVID-19. McKinsey has four suggestions for the way forward for the struggling European fintech industry. Here is a quick summary: Fintechs should focus their energy and capital on areas where they can truly make a difference and actually make money. It can be quicker for some companies to expand through thoughtful acquisition or partnerships than by organic development. How is that for a business-lesson? 😆
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Starling Bank announcing their desktop-version
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In the UK, the two largest crowdfunding platforms, Seedrs and Crowdcube, have announced their intention to merge . Some of the largest fintech companies in the UK have listed on Crowdcube, including Monzo and Curve. Seedrs helped Revolut raise more than £4m in 2017. From the outside, it seems like the biggest crowdfunding platform in the UK is merging with the most prominent secondary market platform. Maybe this is the first nudge to make crowdfunding mainstream? 11:FS has written more on the potential merger.
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https://twitter.com/maxcroser/status/1313046638915706880?s=21
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