FinTech Weekly Issue #388 - The Three FinTech-eers

Issue #388 - The Three FinTech-eers

2022-11-03

Always more politicians and countries are addressing what seems to appear a full-fledged global economic crisis. Fintech is playing a major role in helping governments and businesses of all sizes to deal with economic issues, offering solutions to mitigate the dramatic effects of these challenging economic and financial times. Fintech is actually one of the main industries on which politicians are focusing to find sustainable solutions. Among the entrepreneurs and politicians currently actively involved in fintech, three names that stand out: Elon Musk, Rishi Sunak and Mahamudu Bawumia. Discover what they’re doing and discussing with FinTech Weekly, the free newsletter that helps you explore the fintech space.

By FinTech Weekly

Blockchain Without Cryptocurrency: Business Use Cases

Blockchain Business Cryptocurrency

Blockchain Without Cryptocurrency: Business Use Cases
via FinTech Weekly

Blockchain without cryptocurrencies: it's possible, but only with certain blockchains – and many businesses are using them.

Since blockchain and cryptocurrencies are not the same, it's important to know that blockchain can be used without cryptocurrency - and many businesses already do so.

Top Stories

Elon Musk’s Twitter Acquisition Stirs Trouble, Advertisers Threaten To Boycott
Elon Musk’s Twitter Acquisition Stirs Trouble, Advertisers Threaten To Boycott
via Coinpedia

Since Elon Musk finally took control of Twitter, the popular social media has been making headlines because of Musk’s decisions: from firing executives to lamenting a gap in the fintech skills of the company’s workforce, to the possibility to give cryptocurrencies a major role in the ecosystem of Twitter, the statements of the richest man in the world are in the public eye – again. But the decision of allowing people who were banned to get back to the platform is the most discussed: among these accounts, Donald Trump stands out – and advertisers want to boycott the discussed social media.

The Sunak Protocol: The New Prime Minister’s Vision For Crypto And Digital Finance In The UK
The Sunak Protocol: The New Prime Minister’s Vision For Crypto And Digital Finance In The UK
via Forbes

After the very short administration of Liz Truss, Rishi Sunak is now the Prime Minister of the UK. The unrealized tax cuts he inherits have just worsened what was labeled a ‘profound economic crisis’ by the Prime Minister, but he has a plan that has already earned him the nickname “Stability Sunak”.

FinTech Weekly Service

FinTech Weekly Survey
FinTech Weekly Survey
via FinTech Weekly

As 2023 knocking at the door and your opinion are the most important to us, we would like to know your feedback regarding the following:

Top Events

Benzinga Global Fintech Deal Day + Awards 2022
Benzinga Global Fintech Deal Day + Awards 2022
via Benzinga

Get 1 year of fintech networking done in 1 day - that's right, the most impactful gathering of capital markets fintech decision makers is back in NYC on December 8th at Pier Sixty!

️ Benzinga's Fintech Deal Day is the place to form lasting connections that will drive your business. Join us to get industry insights, introductions to target leaders, access to Benzinga's Fintech alumni group, networking in intimate roundtable discussions (VIP ticket holders), and celebrate the industry’s best at the 8th Annual Global Fintech Awards.

Use the FintechWeekly promo code to book your tickets for 20% off.www.eventbrite.com/e/212627533677/?discount=FintechWeekly20

World FinTech Forum
World FinTech Forum
via https://fintechconferences.com

FinTech World Forum 2022 (https://fintechconferences.com) is based in London UK Europe as one of leading fintech events 2022 for global financial services, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech and Wealthtech. For more info visit: https://fintechconferences.com/

Podcasts and Videos

FinTech Innovation Lab New York Now Accepting Applicants for 2023 Class

Business Investments

FinTech Innovation Lab New York Now Accepting Applicants for 2023 Class
via Business Wire

Fintech skills are in great demand, as well as companies able to find innovative solutions. This is the goal behind the FinTech Innovation Lab New York, finding startups and growth-stage fintech companies to invest in them and help them accelerate business development. Applications are open!

Crypto

How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing

Cryptocurrency Regulation

How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing
via CoinDesk

The collapse of Terraform Labs and other failures in the crypto space hasn’t gone unnoticed, and South Korea wants to see clear on recent events: unable to reach out to one of the founders of Terra (Do Kwon might be a fugitive), the lawmakers of South Korea’s National Assembly chose five representatives of the industry, but only two showed up. What’s next for cryptos in the country?

Banking

Small Businesses in Canada Looking at Banks for Advice to Weather Challenging Economy, J.D. Power Finds

Banking Business

Small Businesses in Canada Looking at Banks for Advice to Weather Challenging Economy, J.D. Power Finds
via Business Wire

According to the J.D Power 2022 Canada Small Business Banking Satisfaction Study, 6 out of 10 small businesses in Canada are considered financially unhealthy. In these tough economic times, many small businesses are looking for help from their banks to better manage their resources, but banks are not always able to provide a comprehensive service.

Nigeria-based fintech company wins $50,000 in Ecobank Fintech Challenge

Banking Business

Nigeria-based fintech company wins $50,000 in Ecobank Fintech Challenge
via Premium Times

The African fintech space thrives, and the 2022 edition of the Ecobank Fintech Challenge has recently rewarded a fintech company, Touch and Pay, with a cash prize of $50,000 for its innovative payment solutions.

Innovation

Final Fantasy developer partners with Avalanche to launch its first Web3 game

Metaverse Web 3.0

Final Fantasy developer partners with Avalanche to launch its first Web3 game
via Finbold

GREE, the popular Japanese gaming company involved in the creation of well-known games for the Web2 – such as Naruto and Final Fantasy, is partnering with Avalanche to create its first Web3 game.

Fintech

7 Benefits of FinTech to Small Businesses

Business

7 Benefits of FinTech to Small Businesses
via iLounge

Especially during an economic crisis, business is the real game-changer. Of course, businesses also need help to cope with economic difficulties – and fintech can help them in at least 7 ways.

Why are so many young tech professionals thinking about leaving the industry?

Future of Work Opinions

Why are so many young tech professionals thinking about leaving the industry?
via Euronews

It may sound odd, but the tech industry doesn’t seem to offer the best working conditions anymore. While a career in technology seemed the best option, since tech skills are required across countless sectors, the current economic crisis threatens opportunities for workers. When even a giant like Microsoft needs to make cuts, discouragement is inevitable: the result is that over 2000 young tech professionals want to leave the sector, according to the survey conducted in Europe by the company HiBob.

Vice President Bawumia proposes solutions to Ghana's economic crisis

Business Investments Opinions Regulation Sustainable Finance

Vice President Bawumia proposes solutions to Ghana's economic crisis
via GNA

Vice President of Ghana, Mahamudu Bawumia, addressed the economic crisis suffered by Ghana during a speech delivered at the FinTech Festival in Accra. The plan of Bawumia focuses on the reduction of debt, more sustainable fiscal policies, limits on imports and retention of foreign exchange earnings.







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