Issue #370 - Shocks & Solutions: A FinTech Modern Story

Issue #370 - Shocks & Solutions: A FinTech Modern Story

2022-06-30

Financial technology is well known for being one of the most innovative sectors in modern history. New payment methods and tools are constantly developed in the effort of favoring businesses and people, and solving major modern issues like the climate disaster. But these are undeniably hard times: not only the economic downturn, but also the effects of the pandemic – maybe still undervalued. Moreover, the conviction of some analysts that the fintech revolution might have come to an end, and some shocks in the sector – as in the case of Wise, could further affect fintech companies. This and more in this number of FinTech Weekly: stay on top of fintech news and conferences with our free fintech newsletter.

Top Stories

New Payment Solutions Are Knocking At The Door In Fintech—How Industry Leaders Can Stay Competitive
New Payment Solutions Are Knocking At The Door In Fintech—How Industry Leaders Can Stay Competitive
via Forbes

Gazmend Selmani, renowned technology solutions architect, talks about the new solutions brought by fintech firms in the payment industry. These solutions not only favor those who have so far been a part of the unbanked people category, but also take into account environment-friendly solutions to alleviate major global issues. How can business owners stay competitive with fintech solutions?

Crypto

Why The 2022 Crypto Bear Market Is Different And Its Implications

Bitcoin Cryptos

Why The 2022 Crypto Bear Market Is Different And Its Implications
via Bitcoinist

Many analysts think that the current crypto market downturn is different from the previous crashes. Why? Because Bitcoin fell, for the first time, below its previous bear cycles.

Binance Launches Platform For Institutional And VIP Investors

Cryptos

Binance Launches Platform For Institutional And VIP Investors
via Bitcoinist

Binance, the first crypto exchange by trading volume, launches a new platform dedicated to institutional investors. Binance Institutional will also grant privileges to VIP investors with at least 1 million BUSD monthly trading volume.

B2B Payments Platform Tribal Joins the Blockchain Association

Blockchain Cryptos Payments

B2B Payments Platform Tribal Joins the Blockchain Association
via CoinDesk

The fintech firm Tribal, a credit company that focuses on emerging markets, has joined the Blockchain Association, a lobbying group, to contribute to the industry with its expertise.

Banking

India’s central bank cracks down on fintech startups

Banks Financial Instruments

India’s central bank cracks down on fintech startups
via TechCrunch

Despite the fact that Indian fintech startups have raised over $15 billion in investments in the past years, the central bank took a decision that may affect many startups and that has to do with the way fintech firms offer credit lines to their customers.

The Revolution Is Alive And Well: How Fintech Has Impacted Banking

Banks

The Revolution Is Alive And Well: How Fintech Has Impacted Banking
via Forbes

Ron Shevlin analyzes the article that appeared in The Telegraph, “The phony ‘fintech revolution’ is eating itself”, and assesses that even if the sector is having a hard time and its hype is maybe overstated, the impact of financial technology on the modern economy is still underestimated.

Innovation

European Fintech Banking Circle Increases Flexibility with New Payment Solutions

Payments

European Fintech Banking Circle Increases Flexibility with New Payment Solutions
via Crowdfund Insider

The fintech company Banking Circle, focused on offering B2B payment services, launches a new feature: its Dynamic Sender Name will further increase payments flexibility and represent a new solution that simplifies transactions.

Podcasts and Videos

TechCrunch podcasts roundup: Bill Gates on climate, the current health of fintech, and Latashá on what web3 offers artists

Cryptos Elon Musk Interviews

TechCrunch podcasts roundup: Bill Gates on climate, the current health of fintech, and Latashá on what web3 offers artists
via TechCrunch

This TechCrunch podcast episode covers the interview with Bill Gates on how to avoid climate disaster, the pivotal role of crypto assets in today’s economy, Elon Musk’s skills and much more.

Fintech

Shock in fintech sector: City watchdog FCA launches tax evasion probe into billionaire founder of Wise

Regulation

Shock in fintech sector: City watchdog FCA launches tax evasion probe into billionaire founder of Wise
via City A.M.

The founder of the popular fintech company Wise, Kristo Kaarmann, has drawn the attention of the FCA – Financial Conduct Authority – for tax evasion.

How has the Covid pandemic affected the Fintech Industry?

Predictions

How has the Covid pandemic affected the Fintech Industry?
via World Economic Forum

The World Economic Forum launches the Global Covid-19 Fintech Market Impact and Industry Resilience Study to analyze the impact of Covid on the fintech industry.

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

Thursday, June 23, 2022

People react to uncertain financial times, and they know what they want. Businesses need to adapt to this new condition – and fast. See Online Issue #369 - Green, Easy, Inexpensive: 3 Keywords For The

Fintech News #368 - Investors At A Crossroads

Friday, June 17, 2022

In the midst of crypto chaos, the whole fintech space finds solutions to meet people's needs. Did they wait for this downturn to invest more? See Online Issue #368 - Investors At A Crossroads 2022-

Fintech News #367 - The Effects Of Competition

Thursday, June 9, 2022

Fintechs are popular for making profit, but it is a matter of skills and opportunities that may drive the world towards a new revolution See Online Issue #367 - The Effects Of Competition 2022-06-07 In

Fintech News #366 - What Goes Up, Must Come Down

Thursday, June 2, 2022

With these words Biz Carson starts her analysis of the current market and what this implies for fintech startups. See Online Issue #366 - What Goes Up, Must Come Down 2022-06-02 With these words Biz

Fintech News Issue #365

Thursday, May 26, 2022

Sebastian Siemiatkowski, CEO and co-founder of the Buy Now, Pay Later firm Klarna, announced that the company plans to cut 10% of its global workforce See Online Issue #365 - What If Competition Rises?

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