FinTech Weekly Issue #390 - What People Find In FinTech

Issue #390 - What People Find In FinTech

2022-11-17

Inflation and recession of course challenge fintech – as well as other industries – but fintech is showing all its resilience. This is proven by the fact that fintech still keeps its focus on people and fully understands people’s problems. Even if we witnessed some epic layoffs and collapses recently – FTX is an example – finance and technology are able to cooperate to solve issues that range from reducing healthcare costs to helping divorced parents manage expenses. This and much more in this number of FinTech Weekly, the free weekly newsletter that helps businesses to understand and discover fintech innovation, conferences and the modern economy.

Top Stories

Fintech SaaS Startup Lentra Bags $60 Mn Funding To Build War Chest For Acquisitions
Fintech SaaS Startup Lentra Bags $60 Mn Funding To Build War Chest For Acquisitions
via Inc42

The Indian fintech Lentra has just raised $60 million. The Series B funding round was led by investors like SIG, Citi Ventures and Bessemer Venture. The fintech company, focused on providing banks with a cloud-native platform able to offer digital solutions that range from verification of credit scores to fraud checks, is one of the components of the thriving Indian fintech market – which has raised almost $900 million in investments since 2014.

Embedded Insurance Overview: Helping Customers at the Point of Sale
Embedded Insurance Overview: Helping Customers at the Point of Sale
via FinTech Weekly

Helping the customer when they need it most: Discovering the different examples and methods of how embedded insurance can be implemented, improve conversion rates for insurance companies and increase turnover for companies of all industries.

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

Bitcoin briefly touches a new low for the year, FTX token plunges more than 75% in broad crypto sell-off

Bitcoin Cryptocurrency

Bitcoin briefly touches a new low for the year, FTX token plunges more than 75% in broad crypto sell-off
via CNBC

As Binance steps in to merge with FTX after the collapse of one of the largest crypto exchanges, Bitcoin touches its lowest price for 2022 and the FTX token loses over 76% of its value. These losses are affecting the whole crypto market – as well as the stock market.

Crypto

Who will regulate crypto and fintech in the US?

Cryptocurrency Regulation

Who will regulate crypto and fintech in the US?
via MIT Sloan

In the meantime, the US continues trying to find a definite regulatory framework for cryptocurrency and fintech. The two markets, according to US regulators, could pose risks to the whole financial system if not monitored properly.
The goal is not hurting innovation, but creating a safer environment for further financial and technological progress.

Banking

Fintech fills a gap for divorced parents co-managing money

Banking Business

Fintech fills a gap for divorced parents co-managing money
via American Banker

Once again, fintech is able to solve common issues that might not be properly addressed by more traditional businesses. One of these problems is how couples manage finances. Money is one of the main reasons behind divorces: inspired by her parents’ divorce, Jacklyn Rome founded Onward, a fintech firm that allows divorced parents to co-manage expenses for their children.

Innovation

Integrated Finance launches Fintech Foundation incubator

Business Investments

Integrated Finance launches Fintech Foundation incubator
via Finextra

Integrated Finance, the fintech infrastructure provider, launched its Fintech Foundation. Thanks to this incubator, emerging fintech realities can benefit from guidance, technologies and Integrated Finance’s partners to have sustainable growth.

Fintech

JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end - sources

Business Regulation

JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end - sources
via Reuters

The big Chinese e-commerce, JD.COm, wants to win Beijing’s approval for its fintech arm. Even if the regulatory measures of the Chinese government started two years ago delayed the plans of some fintech companies, JD.Com is trying to have regulators’ approval by the end of the year – it would be the largest IPO of a Chinese company in Hong Kong.

Preparing for fintech’s second decade: 4 moves your firm must make now

Business Cryptocurrency

Preparing for fintech’s second decade: 4 moves your firm must make now
via TechCrunch

2022 marks the 10ht anniversary of fintech, and despite the impressive rise of this industry, fintech companies and startups should prepare for the next decade and face their competitors – mainly traditional firms able to offer super apps and a strong user experience, decentralized protocols, companies that integrate financial products, and all those institutions that will be able to use CBDCs.

Nomi Health Launches Transformative Fintech Platform to Make Real-time Healthcare Payments a Reality

Business

Nomi Health Launches Transformative Fintech Platform to Make Real-time Healthcare Payments a Reality
via Business Wire

Fintech meets healthcare with the launch of the fintech platform offered by Nomi Health. The healthcare company, already focused on making healthcare affordable in the US, launches this platform – Connect – to allow real-time payments and a more transparent process.

The 10 biggest fintech deals you missed in October

Investments

The 10 biggest fintech deals you missed in October
via Private Banker International

In spite of the challenges faced by the fintech industry in these hard economic and financial times, in October the whole market witnessed successful funding rounds. Among the most successful sectors, we can find cybersecurity, automation of business processes, payments and decentralized finance.

Climate coalition publishes green digital practices guidebook

Sustainable Finance

Climate coalition publishes green digital practices guidebook
via Finextra

Even though it was founded just one year ago, the Every Action Counts (EAC) coalition already managed to reach concrete goals. The coalition, made up of different companies and green fintech experts, published the Green Digital Practices Guidebook, which provides orientation on how businesses and institutions can engage with customers to focus on innovation and sustainability.







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