FinTech Weekly Issue #378 - The Aggressive Fed

Issue #378 - The Aggressive Fed

2022-08-25

<html>This number of FinTech Weekly shows how different parts of the world have different approaches towards fintech. While South Korea might witness a more friendly crypto-economy – and major companies are acting accordingly, both the stock and crypto markets – as well as fintech companies and their customers – need to face the aggressive policy adopted by Fed. In the meantime, Europe and Africa seem to have a more positive approach when it comes to innovation. This and much more on FinTech Weekly: discover the most relevant fintech news and conferences and <u>follow us on Twitter</u>!</html>

Top Stories

How Samsung Could Enter Crypto Industry With Trading Platform
How Samsung Could Enter Crypto Industry With Trading Platform
via Bitcoinist

Business approach in South Korea may change soon. After the election of Yoon Suk-yeol, a supporter of a more crypto-friendly economy, mayn South Korean firms began to ask for the necessary license to launch crypto exchange platforms. One of these is Samsung Securities.

Top Events

Chief Data & Analytics Officers, Fall
Chief Data & Analytics Officers, Fall
via FinTech Weekly

Attend the premier conference for data & analytics leaders in North America – Chief Data & Analytics Officers, Fall on October 10-12, 2022 in Boston, MA. New this year is a personalized learning and networking track for data & analytics executives serving the Financial Services industry. Join your peers who understand your challenges and celebrate your successes when it comes to the nuanced intricacies of data & analytics. Qualified data & analytics folks can attend at no cost with a VIP pass.

Podcasts and Videos

Consumer payment fintech space is still attracting massive amounts of capital, says MS’s Faucette

Investments

Consumer payment fintech space is still attracting massive amounts of capital, says MS’s Faucette
via CNBC

In this CNBC interview James Faucette, a Morgan Stanley analyst, discusses the fintech sectors that are attracting more investments. The payments sector is still the one that gathers the attention of investors.

Crypto

First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading

Cryptocurrency Opinions Regulation

First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading
via CoinDesk

CoinDesk analyzes the possible reasons behind the current crypto market downturn: from the monetary policies of the US central bank to rising inflation, many are the factors that affect both stock and crypto markets.

Banking

FinTech Banks Fill SME Funding Gap Created by Russia-Ukraine Conflict

Banking Russia/Ukraine Conflict

FinTech Banks Fill SME Funding Gap Created by Russia-Ukraine Conflict
via PYMNTS

Lithuania faces two major issues: the Russia-Ukraine conflict – especially because of its borders, and SME financing gap – since the few traditional banks tend to focus on well established companies. But Lithuania is also a fintech-friendly country – that’s the reason why some UK fintech companies are turning to Lithuania.

Rising Interest Rates Put the Squeeze on Fintech Lenders

Banking Regulation

Rising Interest Rates Put the Squeeze on Fintech Lenders
via The Wall Street Journal

The aggressive policy of the Federal Reserve is affecting fintech lenders too. These kinds of fintech firms have fewer restrictions when it comes to lending money to people, but since they have to borrow money somewhere else to give it to their customers, the rising interest rates might dramatically affect fintech businesses and people who don’t qualify for loans from more traditional institutions.

Partnership with SOFORT - Interview with Lena Hackelöer from Brite Payments

Business

Partnership with SOFORT - Interview with Lena Hackelöer from Brite Payments
via Fintech Weekly

This conversation with Lena Hackelöer clearly shows how fintech firms can revolutionize the payments sector – and some key differences between the US and Europe when it comes to fintech: discover Brite Payments, how they can improve businesses and how they can add value to the whole sector also thanks to their partnership with Sofort.

Innovation

Nigeria’s fintech startup, PalmPay, launches new security campaign. 2 other stories and a trivia

Business Security

Nigeria’s fintech startup, PalmPay, launches new security campaign. 2 other stories and a trivia
via Ripples Nigeria

Ripples Nigeria shares with us some interesting stories, among which the new campaign launched by the fintech PalmPay to improve cyber security awareness among its customers.

Fintech

valU purchases fintech Paynas

Business

valU purchases fintech Paynas
via The Paypers

Egypt-based businesses can benefit from a new acquisition: the BNPL vaIU has acquired Paynas to provide micro, small and medium businesses with more financial solutions to support and facilitate daily financial activities.

Fintech Regulation: If It Looks And Walks Like A Duck, It Is A Duck

Banking Opinions Regulation

Fintech Regulation: If It Looks And Walks Like A Duck, It Is A Duck
via BQ Prime

An interesting and long-lasting debate about regulators: should they “regulate entities or activities?”. The debate is reignited by the new regulatory framework issued by the Reserve Bank of India, which is aimed at protecting consumers in lending.

Congress Should Give Fintechs Access To Fed’s Settlement Services

Banking Regulation

Congress Should Give Fintechs Access To Fed’s Settlement Services
via Forbes

So far, fintech companies in the United States have been in a limbo. To get access to Fed’s payment services, firms that are not considered as a part of the traditional payment system need to rely on a third party – like banks – to access those services.







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