FinTech Weekly - Secret War Strategy - Issue #421

Special edition of Forbes Talks: the Global Head at Citi Private Bank, Ida Liu, discusses why investors should embrace artificial intelligence.

Mastercard confirms its plans: the company wants to embrace digital currencies. Recently, Mastercard filed a new trademark application related to the creation of crypto tools. The payments giant wants to use blockchain for data and transactions.

If the crypto community thinks that the lawsuits against Binance and Coinbase were totally arbitrary, Joshua Klayman doesn’t agree with them. According to the head of fintech, blockchain and digital assets at the law firm Linklaters, the SEC did what Gary Gensler has been saying for years.

Deutsche Bank, the largest bank in Germany, applied with BaFin (the Federal Financial Supervisory Authority) to get the license for its digital asset custody platform.

Fidelity International is exploring European markets. The goal of the company is to provide secured loans to SMEs – something that European entrepreneurs may appreciate after the banking turmoil and because of the crisis.

The DIFC – Dubai International Financial Centre – wants to increase investments in AI and Web3, and it will do that with the “Dubai AI & Web 3.0 Campus”. This initiative will attract over 500 artificial intelligence and Web 3.0 global startups.

The fintech platform Trezy, focused on helping SMEs with their financial management thanks to generative AI, has secured €3 million in a seed funding round.

With the recent global financial turmoil, some fintech sectors might be extremely useful to entrepreneurs. Embedded lending is one of the many options offered by financial technology to democratize the access to credit and innovative financial products.