FinTech Weekly - Fintech News Issue #316

The NFT market has imploded over the past month, with sales in every single category almost entirely drying up. NFTs peaked on May 3, when $102 million worth were sold in a single day. The crypto-collectibles market made up $100 million of those sales.

Central banks around the world are looking to develop their own digital currencies, which use technology to represent a country’s official currency in digital form.

Digital lending and payment provider WLTH and Parley for the Oceans, a new form of environmental organisation, announce a five-year partnership to empower customers with an innovative lending solution that offers an everyday way to protect the oceans and support the movement to end marine plastic pollution across Australia.

The World Payments Report 2020 from Capgemini is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. This 16th edition highlights the need for payment firms to rapidly prioritize technology transformation in order to become digital masters and stay competitive.

Bucking the travel industry downturn trend, London’s BNPL fintech Fly Now Pay Later has landed an additional £10 million in an equity investment co-led by Revenio Capital and Taurus Wealth Advisors. This fuel adds to the £35 million of equity and debt Series A financing raised last year and is expected to be used to propel UK, US, and German expansion goals.

If fintech has a superpower, it’s the ability to hone in on the most quietly frustrating parts of banking, the parts that consumers have mostly learned to live with, and build (and loudly promote) products that address those frustrations.

Students’ Banking Law Association, Students' Organization for Law and Economy of China and Warsaw Beijing Forum would like to invite you to watch a panel discussion concerning Chinese financial technologies.