FinTech Weekly Issue #405 - The King Has Been Replaced(?)

Business Investmets Opinions

Kate Moody and Benjamin Ensor discuss the more relevant fintech news with professionals – the digital bank Vexi case, the financial inequality that hits gig workers, the profitability of Bunq and much more.

Cryptocurrency Regulation

All the discussions about cryptocurrencies and regulation were considered also during the G20 meeting. In particular, the US Treasury Secretary Janet Yellen highlighted the importance of the creation of a strong regulatory framework for digital assets.

Metaverse

Columbia became one of the first countries in the world to test legal experiments in the metaverse. Recently, a legal trial was hosted in the metaverse, and the court magistrate said that it was “more real than a video call”.

Banking Business Investments Opinions

BaaS – Banking-as-a-Service – has benefited from the fintech investment boom, but it’s now facing some challenges: not only the increasing competition in the fintech space, but also regulators are constantly challenging the sector.

Banking Cryptocurrency Regulation

Regulators aren’t just acting directly against cryptocurrencies, but they’re also warning banks. If banks want to serve fintech and crypto customers, they need to focus on having a strong knowledge of the customer and the whole industry.

Business Investments Politics Regulation

It’s no mystery that the UK wants to become a leading country in the fintech space. To further favour financial innovation, the UK is launching a new fintech hub: the CFIT – Centre for Finance, Innovation and Technology – will cooperate with professionals, students and regulators.

Business

CRED, the Indian fintech company, is launching a BNPL – Buy Now, Pay Later – service. This will help the company to expand its services and offer more streamlined payment methods to its customers.

AI Business

ChatGPT, the AI product created by OpenAI and backed by Microsoft, continues to make headlines, but there might be a strong competitor around the corner. According to Securities Times, China is launching its “Ernie Bot”.

Blockchain Business

The growth of the fintech industry is led also by crypto and blockchain companies. The non-profit organization Mena Fintech Association is partnering with Binance to favour the growth of fintech in the region.

Blockchain Business

Integrating blockchain technology with your business model needs careful planning, and this is a move that can allow your business to face competition over time.

Blockchain Business

As businesses of any size can integrate blockchain technology, fintech startups can use DLT to stay ahead of competition, attract more investments, control their finances and better manage their businesses.