Fintechs: 4 pointers to secure your own bright future.

The economy and COVID-19

With large swathes of society working from home, schools shuttered, and the entertainment sector shut down, the economy is taking a big hit. We’re quickly diving deep into a big economic shock and long-term recession. International trade and travel have diminished. Supply chains are distorted as factories and borders are closed. Given a decline in demand, plus government measures to protect public health, whole sectors face a sudden, sharp decline in revenue. Whilst there are large differences between sectors, this will impact the entire economy. Governments have announced large aid-packages, but this will only help curb some of the shock.

Given this scenario, it’s easy to understand the fintech community is also facing losses.

 

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Fidor partners with Van Lanschot in the Netherlands.

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A FinTech partnership creating the first PSD2-inspired Payment Avenue.

Fidor, the innovative provider of digital banking solutions that helps firms launch and run their own digital banks, today signed a partnership agreement with Van Lanschot (LANS.AS), the leading wealth management firm, founded in 1737 in the Netherlands.

The partnership will enable Van Lanschot to upgrade their payments software and infrastructure using the Fidor digital banking solution.

This partnership comes at a time where banks will soon be facing pressure to comply with the new Payment Services Directive (PSD2). The fidorOS platform is built using open APIs and geared for the future. The integration of fidorOS will provide Van Lanschot`s platform with added benefits such as significant cost efficiencies, added flexibility and fast implementation while reducing risks for Van Lanschot to enter into a major and costly infrastructure change on their back end.

Read the entire article "Fidor partners with Van Lanschot in the Netherlands to create the first PSD2-inspired Payment Avenue" at Yahoo Finance

ABOUT THE AUTHOR
Brian van Wachem

Co-founder and managing director of RedSnap Inc.. Brian has built a proven track record in commercial roles within the global tech and financial services industry. He worked as a board member for a FinTech 50 startup as well as an executive in (at that time) the biggest technology company in the world, both in Europe and Asia. Brian’s specialism is developing and implementing business development strategies within technology scale ups. He is passionate about sports and currently occupied with training for the triathlon.
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