Article: How Banks Need To Be Using Fintech Post-Pandemic

Money, Open Governance

How Banks Need To Be Using Fintech Post-Pandemic

Thanks to COVID-19, companies are facing tough decisions about how to operate and what they want to become. For banks, this means looking closely at the relationship they have with fintech and considering what kinds of integrations or partnerships make sense. To continue offering the most value to both investors and customers, banks will likely need to embrace open banking and marketplace operations far more than they currently have.

Over the past 10 years, the bank-fintech relationship has been based on fear, curiosity, or pragmatism, at various points in time. The main concern banks had at first was that fintech would offer the same services banks do, which would lead customers to turn to fintech businesses instead of banks.

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Article: Your Essential Guide to Open Banking

Money, Open Governance

Your Essential Guide to Open Banking

According to Mastercard, open banking is helping fuel a revolution in financial services. It can provide people with more convenient ways to view and manage their money and simpler ways to access credit or personalized deals and rewards. Open banking can also power different kinds of payment services, such as payments in video games or using business accounting apps.

The practice is already helping to widen access to financial services for millions of people and build on the broader introduction of real-time payments and other emerging payment technologies.

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Article: Aurus Brings the DeFi Revolution to Precious Metals

Money, Open Governance

Aurus Brings the DeFi Revolution to Precious Metals

Aurus is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals. The ingenious part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX), which enables holders to earn a share of the platform’s revenues.

Trading app Robinhood positions itself as democratising finance for all. However, the centralised nature of the platform- where one party holds the ultimate decision-making power, is in direct conflict with this mission. Just ask the Redditors of the WallStreetBets community.

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Article: Lyft, Spotify, Others Form Open Source Mobile-App Infrastructure Group

API, Hardware, Open Infrastructure, Open Manufacturing, Open Source

Lyft, Spotify, Others Form Open Source Mobile-App Infrastructure Group

The new Mobile Native Foundation is meant to help mobile-first software companies avoid writing infrastructure code that does the same things.

The Linux Foundation these days seems to spawn baby foundations faster than rabbits make baby bunnies. Earlier this month it announced yet another project that will operate under its umbrella: the Mobile Native Foundation.

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