We are sorry! Crises or Opportunities? - Issue #416
Different countries experience different issues, but sometimes they can represent opportunities.May 18, 2023Oops! Our sincerest apologies for the unintended repetition of last week's newsletter. We deeply regret the error and appreciate your understanding. As a token of our gratitude for your loyalty, we've included a special bonus treat just for you: enjoy an exclusive 10% discount on all our advertisement packages! Take advantage of this limited-time offer and elevate your marketing efforts at a fraction of the cost. Thank you for your continued support! Please don't hesitate to drop us a line at partnership@fintechweekly.com with the code: PROMO10 Different countries in the world are experiencing economic, financial and regulatory issues. And sometimes these issues are in contrast. Let’s consider the US and China: while the United States experiences huge problems related to high inflation, China experiences deflationary pressures. BRICS are planning to use a different currency, to avoid being tied to the US dollar. Fintech finds new opportunities in crises, but regulators sometimes seem to make it more difficult for fintech businesses to innovate. This and much more in this number of FinTech Weekly, the free newsletter to stay ahead of competition and discover fintech news and events. |
 Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues— via Bitcoin.comDue to the liquidity issues faced by the United States, Bangladesh and India decided to trade in their national currencies. The Bangladesh Bank took this decision after experiencing issues with the flow of imports to this country. |
 Economist Peter Schiff Warns About a New, Incoming Great Depression Crisis, Criticizes Misleading Inflation Numbers— via Bitcoin.comThe chief economist of Europac, Peter Schiff, warns about a new Great Depression. According to the economist, the depression will be worse than the one of the 30s, and it’s fueled by high inflation and increasing public spending – something that is negatively affecting the qualification of the public debt of the United States. |
 China’s inflation cools to 0.1%, its slowest pace in two years— via CNNIn the meantime, China is facing deflationary pressure. The consumer price index increased by 0.1%, the lowest level in 2 years. China’s people are saving, not spending, and prices are falling. Despite the data, Chinese authorities don’t confirm the situation. |
U.S. has the 'tech edge' amid growth expected for the fintech industry: Milken Institute execNicole Valentine, FinTech Director at the Milken Institute Center For Financial Markets, joins Allie Garfinkle (Yahoo Finance) to discuss the current state of fintech in the US and globally. The banking crisis represented an opportunity for fintech. As Valentine affirmed, “Fintech is not scared of a crisis [...] a crisis for fintech is just another opportunity to figure out what’s next”. |
SEC's Gensler says crypto markets are 'generally noncompliant' and based on 'false narrative' of decentralizationThe SEC is currently in a tough dispute with Coinbase. During a Q&A session, SEC Chair Gary Gensler said that crypto businesses “tend to be built on non-compliance”, and he highlighted that three out of four of the major and recent bank collapses were linked to cryptos. When Tom Barkin, president of the Fed of Richmond, asked why the SEC doesn’t want to publish rules for the crypto market, Gensler replied that those rules already exist. |
What Does Nigeria’s Blockchain-Friendly Regulatory Change Mean For Bitcoin Adoption?Fintech in Africa is thriving, and Nigeria doesn’t want to miss the opportunity. For what concerns cryptocurrencies, the country is Bitcon friendly and developed a regulatory framework to welcome digital assets. This can represent a major step for the country to become an interesting place for crypto enthusiasts and investors. |
‘It’s going to get worse for banks’ — JPMorgan CEO on overregulationJamie Dimon, CEO of JPMorgan Chase, said – during an interview – that regulators should focus less on creating new rules for banks. The main problem now, according to Dimon, is fixing the banking crisis. |
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming SummitThe summit of the leaders of BRICS countries will be extremely interesting in 2023. Hosted in Johannesburg on August 22, the summit will be dominated by talks related to the creation of a common currency. South African minister Naledi Pandor said that the leaders must discuss this matter properly. BRICS were already involved in de-dollarization efforts, and the block is receiving a high number of requests to join the group – since an increasing number of countries don't understand why they’re committed to trading through the US dollar. |
Ethiopia’s central bank issues first foreign mobile money licenceEthiopia has so far been dominated by Ethio Telecom, a state-owned telecommunication company. For the first time, the National Bank issued a mobile money license to a foreign investor, the Kenyan Safaricom. |
Top 12 CeFi Lawsuits of 2022 – The Many Ways CeFi BrokeThe centralized financial space has recently shown many weaknesses. In this article, FinTech Weekly analyzes the top CeFi lawsuits. |
Jobs
 VP, Engineering— via Discover Financial ServicesThe Vice President, Engineering is a proven technology leader with a successful track record of partnering with key stakeholders to deliver innovative technology platforms in a high-transaction, mission-critical environment. |
 Engineering Manager - Web development— via PayPalWe are a team with in PayPal with a passion for creating and maintaining cutting-edge UI component libraries for web and native platforms. We pride ourselves on our commitment to excellence, innovation, and collaboration. |
 NET Developer with Oracle DB— via Commerzbank AGWithin DLM, we are searching for a person responsible for development of new features and maintenance for existing bank products and applications. |
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Older messages
AI Ups & Downs - Issue #415
Thursday, May 18, 2023
AI might become a valid reason for countries to reconsider their regulatory frameworks and priorities. May 11, 2023 US sanctions regarding semiconductors are forcing China to find its way to develop
AI Ups & Downs - Issue #415
Friday, May 12, 2023
AI might become a valid reason for countries to reconsider their regulatory frameworks and priorities. May 11, 2023 US sanctions regarding semiconductors are forcing China to find its way to develop
Does AI have a soul? - Issue #8
Sunday, May 7, 2023
Talking about what's the path towards a safe artificial intelligence. View this email in your browser Does AI have a soul? - Issue #8 May 7th, 2023 Let's Recap AI investments increase, along
De-Dollarization & Cryptos - Issue #414
Thursday, May 4, 2023
The current economic and financial crisis could lead to the end of the US dollar hegemony. May 04, 2023 The current global and economic financial crisis may lead to the end of the US dollar hegemony.
To Greed or Not to Greed? That is the question - Issue #7
Sunday, April 30, 2023
Who should be blamed? Fintech founders excessively able to hype their companies, uncautious buyers, or overwhelming regulators? View this email in your browser Greed: To or not? FintechWeekend Issue #7
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