In this episode
The day after the 11:FS birthday bash, we get hangover deep on FinTech Insider News – misquoting American presidents and everything when discussing the U.S. Congress’ decision to let ISPs sell your web browsing history to anyone without permission.
“What’s interesting is that Facebook and Google, and especially Apple, have been pushing back on government requests for data quite publicly – and probably quite a bit more, privately.” Simon says. “Whereas the ISPs weren’t. The ISPs’ selling point here is, ‘Well, we’ve been selling you data forever on everything you want to see, give us this access and you’ll get to see everything you want to see on a terrorism standpoint.’ There’s an Abraham Lincoln quote, and I’m going to butcher it, but it’s something like, ‘If It’s liberty or security, I’d take liberty every single day,’ and I’d be willing to sacrifice a little bit of security for it. We seem to have lost that, in society, to a certain degree.”
Give us liberty or give us death (just to throw another American patriot into the mix).
Guests
Joining us for this week’s analysis of the news:

Richard Morgans, Head of digital lab & fintech ecosystems at TSB
Misha Jessel-Kenyon, Publishing Manager at Raconteur
Ali Paterson, Editor in Chief at Fintech Finance

News this week

Reuters – Financial institutions risk 24 percent revenue loss from FinTech: PwC – Link
Finextra – FCA vows to tackle fraud on lost and stolen contactless cards – Link
The Asian Age – Hackers use ‘disappearing malware,’ steal $800,000 from ATMs – Link
Quartz – Set up a VPN in 10 minutes for free – and yes, Americans urgently need one, thanks to Congress – Link
The Next Web – Amazon Cash eliminates need for bank cards – Link
Finextra – Visa and top UK banks get behind launch of Amazon Business – Link
TechCrunch – WhatsApp will reportedly launch peer-to-peer payments in India within 6 months – Link
PYMNTS – Moblie wallet adoption: whare are we 2.5 years in? – Link
Computer – OCBC Bank uses AI-powered chatbot to answer home and renovation loan queries – Link
The Register – Banking group denied access to iPhones’ NFC chips for alt.Apple.Pay – Link
YouTube – Louis Cole – Bank Account Song – Link

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