FinTech Weekly Issue #395 - FinTech & Cryptos vs. Banks: What Do People Want?

Cryptocurrency Opinions

Dan Dolev, Mizuho Managing Director and fintech analyst, spoke to Yahoo Finance and expressed an interesting opinion about cryptocurrencies, which look like 'a solution for a problem that doesn't exist' according to Dolev.

Business Opinions

Fintech Insider asks an interesting question: what's the role of engineers in financial services? And what's their role in a constantly changing market? Engineers have always been the core of fintech companies, but what about their role in the business structure?

Business Opinions

Elon Musk is still making headlines for how he manages Twitter. A recent poll showed that most users don't want him to manage the company, and also his decision to ban certain accounts arised polemics. Vitalik Buterin, the co-founder of Ethereum, shared his opinions on some of the decisions of Musk. According to Buterin, such decisions put the social media platform on "the path to authoritarianism" - and Buterin is well known for his preference towards decentralization.

Investments

2022 was a tough year for Wall Street, but of course, there are both winners and losers - and you might find losers that you didn't imagine.

Banking Opinions

Fintech firms and digital-only banks might seem the preference of new users, but as suggested by GlobalData's Financial Services Consumer Survey, people don't want to replace their banks, they just want those banks to offer services as convenient as the ones offered by digital competitors.

Investments

Wines and spirits are becoming increasingly popular alternative assets, but not everyone has the financial resources to invest in such assets. The goal of the fintech Vint is to make these expensive assets accessible to everyone thanks to fractional investing.

Business Opinions

The Chinese fintech market is transforming how money is managed and fintech is perceived around the world. Moreover, the power of the market of this country seems to put an end to the US domination of the global financial and tech sectors.

Banking Investments

Viva Wallet, which operates in over 20 countries in Europe, is going to be partially acquired by JP Morgan Chase. JP Morgan wants to acquire 48.5% of the shares of the fintech firm from its minority shareholders.