A rhyming analysis of the week in fintech, composed using the latest in Artificial Intelligence and Machine Learning technology.
The age of coexistence is done,
As is the time when banks refused to budge.
They won’t allow their customers to run,
They’ll tempt them with an offering of (corporate) fudge.
Another firm has noticed an aperture
To sell services which don’t hinge on inertia.
It won’t be the same as the banks it seeks to tame:
Its bank won’t be playing a zero-sum game.
Brussels believed a raid was due
To stop banks from stalling PSD2.
In sum, after a few years of getting along:
The platform-bank war’s back on.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.