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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SnapShots: DanskeBank, Bank of the Future, and AJAX victory

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Welcome back to the SnapShots!

Weekly insights from RedSnap's perspective about what happened in the past week. We share our three key takeaways and update you on the progress at RedSnap. Hope you enjoy our selection this week and happy reading! 

 

Danske Bank and its invisible money platform

Another money-laundering scandal caught our attention this week. Danske Bank, the largest bank in Denmark found out that its Estonian branch and their "invisible IT platform" to get the money flowing in and out, laundered some $234 billion in suspicious transactions between 2007 and 2015. The CEO, Thomas Borgen who has resigned after the scandal mentioned that Danske Bank had failed to live up to its responsibility. We, at RedSnap, finally understand why Danske Bank didn't want to go ahead and generate the actual insights from their customer journeys. #clickfox

 

RedSnap leads "bank of the future" creation

This week, RedSnap is kicking off a new chapter in it's journey. We are leading the creation of to a "bank of the future" for a Dutch bank that is operating internationally. Our role is leading the project strategically, expanding the business model, then building, and launching it. 

 

Victorious begin in Champions League for Ajax

Excitement in the RedSnap team as Ajax claimed their victory against AEK Athens with a 3 - 0 win in Amsterdam. Finally, after about four years, they returned to the Champion's League this Wednesday and dominated the game from start to finish. We are looking forward to the next game and hope to get far in the tournament. 

 

 

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Recent Posts

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