Fintech News #369 - Green, Easy, Inexpensive: 3 Keywords For The Future

Cryptos Regulation

The consequences of the Terra crash are not yet over. The Financial and Securities Crime investigation team issued an order that prohibits people involved in the crypto project from leaving South Korea.

Bitcoin Cryptos

The president of El Salvador, Nayib Bukele, shared with crypto investors his thoughts about the current market downturn. As the president wrote on Twitter, people should just “enjoy life” because downturns are absolutely normal, and Bitcoin will rise again.

Banks Financial Instruments

The rise of open banking is evident and fast: OBIE – Open Banking Implementation Entity – found that this kind of service managed to get 1 million new users in less than 4 months – totaling 6 million users only in the UK.

New business models

4most, the UK-based credit risk consultancy company, and Swishfund, a fintech lender firm, are developing the “Green credit score”: a score will be assigned to SMEs, and those that prove to be environmentally conscious will have access to cheaper financing.

Banks Investments

Benjamin Ensor and Gwera Kiwana are joined by Soren Aabel Hammer (Mazepay), Keshvi Radia (Allica Bank), Tim Rutten (Backbase), Richard Davies (Allica Bank) and Jacob Groth (P27) to discuss the latest news in the fintech space.

Banks New business models

Tony Coleman, CTO of the fintech firm Tenemos, talks about how the company is helping banks to keep up with modern business models.

Financial Instruments

Amidst financial uncertainty, people look for applications that can help them to manage their finances. App Radar found that over 5 million people started using money management apps in 2022.

Investments New business models

API companies are rising – and not only in the fintech industry. Being able to connect different services via easy-to-use interfaces, API-first companies manage to solve problems for businesses and people – and that’s why they’re getting the attention of investors.

Regulation

The Financial Conduct Authority shares some interesting recommendations for fintech firms. Their financial products are easily accessible, and there should be more regulation to guarantee users’ safety and favor the improvement of customers’ credit.