Issue #272 - Which Fintech Sectors Will Gain From Covid-19?

Fintech News Issue #272

2020-06-18

This week in FinTech Weekly: Which fintech sectors will benefit most from Covid-19? In addition, Ride now allows its customers to pay with Bitcoin. Our third top story this week is about Fintech's White Privilege. Enjoy reading - Max and the FintechWeekly Team

Time To Talk (Again) About Fintech’s White Privilege
Time To Talk (Again) About Fintech’s White Privilege
via Forbes

Fintech has a diversity problem. The killing of George Floyd and so many other Black people, and the systemic racism their deaths have laid bare, requires that the industry own up to the lack of Black representation in fintech and do something about it.

Singapore Ride-Sharing App Lets Customers Pay With Bitcoin
Singapore Ride-Sharing App Lets Customers Pay With Bitcoin
via Coindesk

Starting next week, its users will be able to store and convert bitcoin to the company’s RydeCoin with zero transaction costs, the company announced Wednesday.

Which Fintech Sectors Will Gain From COVID-19?
Which Fintech Sectors Will Gain From COVID-19?
via Fintech News Switzlerland

Like other sectors, fintech funding has been hit hard by the COVID-19 pandemic and the resulting economic turmoil, with investment down during the first months of 2020.

20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance
20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance
via Forbes

The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?”

These are the top fintech companies and startups in 2020
These are the top fintech companies and startups in 2020
via Business Insider

The fintech industry is growing every year, and the market is starting to fill up with financial services providers and fintech startups trying to fulfill customers' needs and shape the future of finance.

Revolut launches account aggregation feature in Ireland
Revolut launches account aggregation feature in Ireland
via Finextra

Revolut has launched its Open Banking feature in Ireland, providing customers with aggregated account data from AIB, Permanent TSB, Ulster Bank, and Bank of Ireland.

SEC Launches Virtual Meetups for Fintech Industry Players
SEC Launches Virtual Meetups for Fintech Industry Players
via Cointelegraph

The SEC's fintech wing invites innovators to network and weigh in on regulation in new online meetups.

Number of Bitcoin ‘Whales’ Has Risen by 2% Since Halving
Number of Bitcoin ‘Whales’ Has Risen by 2% Since Halving
via Coindesk

Bitcoin’s price rally has stalled since the cryptocurrency underwent its third halving on May 11, but investor confidence in the cryptocurrency’s long-term prospects remains strong, data shows.

UK's top court rules against Visa and Mastercard in interchange fee battle
UK's top court rules against Visa and Mastercard in interchange fee battle
via Finextra

The UK's Supreme Court has come down in favour of the UK's biggest supermarket chains in a long-runnning legal battle over the level of interchange fees charged by Visa and Mastercard

10 of the most promising European blockchain startups to watch
10 of the most promising European blockchain startups to watch
via EU-Startups

Providing a legal identity for all of the world’s population by 2030 is one of the United Nation’s Sustainable Development Goals – and may be more relevant than ever with talks of new coronavirus immunity ID documents underway.

Are London’s fintechs really a good place to work? Here are the results
Are London’s fintechs really a good place to work? Here are the results
via Sifted

A joint report with Glassdoor shows the best London fintechs to work at, according to their employees.

Worldpay rolls out Open Banking Hub for account-to-account payments
Worldpay rolls out Open Banking Hub for account-to-account payments
via Finextra

Worldpay is rolling out a new Open Banking Hub to merchants, enabling users to pay for purchases direct from their bank account, circumventing the need to enter card or account information into a third party site.

Is fintech the future of the internet?
Is fintech the future of the internet?
via Roll Call

Fintech Beat sits down with Stefan Thomas, the CEO of Coil, to talk about why the internet is becoming “centralized” — and how upgrading the internet’s payment structure could revolutionize how it operates.

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