Sat.Sep 18, 2021

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Bankers Automate! With This Asterisk.

Jeff For Banks

Last week the Virginia Bankers’ Association had a futurist at their annual convention. Among other things, he predicted that the pandemic induced, government supported prolonged labor shortage will accelerate the pace in which society will replace low-level jobs with remote technology, automated intelligence, and robots. He gave an example of McDonald’s experimenting with centralized drive-thru ordering, with the employee that takes the order in some far away locale.

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The surge in ‘buy now pay later’ – and why we should be worried

TheGuardian

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bells Shoppers tempted by Boohoo’s bestselling satin skater dress are bombarded by options to pay for it using today’s hottest form of consumer credit – “buy now, pay later”.The fast-fashion website gives shoppers four ways to pay for the £30 dress in instalments: from three monthly payments of £10 with Klarna, to six week

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JPMorgan to launch digital bank Chase in the UK next week | Goldman Sachs is GreenSky for $2.2B | Intuit confirms $12B deal to buy Mailchimp

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: JPMorgan to launch digital bank Chase in the UK next week Goldman Sachs is acquiring buy now, pay later FinTech GreenSky for $2.2B Intuit confirms $12B deal to buy Mailchimp.