Fintech News Issue #320

Issue #320

2021-07-08

More and more companies are choosing direct stock exchange listings over traditional listings. By that companies save on fees for underwriting the IPO offering and avoid mispriced shares as it is estimated by investment banks and not the market. In direct listings, no new shares and additional capital are raised. However, Wise is still being advised by banks like Goldman Sachs and Morgan Stanley.

Fintech giant Wise is set go public in a rare Spotify-style listing — and it will be a big test for London
Fintech giant Wise is set go public in a rare Spotify-style listing — and it will be a big test for London
via CNBC

Wise, one of Britain’s biggest fintech companies, is about to go public. And it will be a major test for post-Brexit London.

Barclays stops UK card payments to Binance
Barclays stops UK card payments to Binance
via Finextra

Barclays has suspended debit and credit card payments from UK customers to Binance, citing recent Financial Conduct Authority action against the crypto exchange.

Fintech Summit Latam
Fintech Summit Latam

Latin America and the world are embracing the fight against COVID-19. Despite this challenge, Fintech demand in the Region has been accelerated. More than ever, financial institutions are facing the need to provide digital financial services. Every day increasingly, it is becoming clearer the importance of solid cross-country digital financial strategies.

Digital currencies from central banks could change money as you know it
Digital currencies from central banks could change money as you know it

Raghuram Rajan, former India central banker and ex-IMF chief economist, explains to CNBC podcast "Beyond the Valley" what central bank digital currencies could look like — and what they would mean for commerce.

 Fintech Insider Podcast by 11:FS
Fintech Insider Podcast by 11:FS
via 11:FS

The #1 business podcast for fintech innovators, influencers, and those eager to learn.

Instagram To Allow Users Sell NFT Collectibles, New Leak Reveals
Instagram To Allow Users Sell NFT Collectibles, New Leak Reveals
via Bitcoinist

According to a leak by Alessandro Paluzzi (leaker and mobile developer), Instagram is planning to adopt its own version of NFTs soon. Instagram is still working on Collectibles (Instagram posts offering NFTs will be labeled as “Collectible”) The “Collectible” name will alert users that the given post contains a purchasable NFT. In the past, Instagram has mentioned the possibility of introducing payment features in the future.

Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors
Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors
via CryptoSlate

UBS (Swiss banking giant) has warned its clients that the regulatory crackdowns can make Bitcoin unsuitable for professional investors. In the report, it is stated that China’s crackdown on mining already hurt the market but UK’s and US’s tougher rules will be bad for crypto as well. According to Nirmala Sitharaman (Indian Minister of Finance), the cabinet note for the country’s crypto bill is ready, saying that “from our side, I think one or two indications that I have given is that at least for fintech, experiment and pilot projects a window will be available".

BlockFi's new Visa Credit Card allows paying bill with stablecoins
BlockFi's new Visa Credit Card allows paying bill with stablecoins
via BlockFi

BlockFi’s Reward Visa Signature Credit Card has concluded its Beta testing period. The company has already started inviting people from the top of the waiting list to apply for the card and start using it in the real world.

YouTuber accused of engineering multi-million-dollar pump-n-dump via Uniswap
YouTuber accused of engineering multi-million-dollar pump-n-dump via Uniswap
via Cointelegraph

Patrick Shyu (famous YouTube and an ex-Google tech lead) launched the Million token (MM) via an initial DEX offering on Thursday on Uniswap His channel is called TechLead and it has 1.1 million subscribers. The launch price was $1.00 and it sky-rocketed 3,500% within just three days (it hit $36.87 on Sunday). The price has crashed since than to $15.26 (at the time of the writing). The immediate crash led to speculations and accusations on Twitter that MM might be a pump-and-dump project What can potentially back up this is that a large amount was pulled from the liquidity pool by the same address that minted the MM tokens

Zurich takes on fintech founder as group chief platform officer
Zurich takes on fintech founder as group chief platform officer
via Insurance Business Asia

Zurich Insurance Group has announced the appointment of Frank Verkerk to the newly created role of group chief platform officer. In his new role, Verkerk will work to accelerate the company’s development of digital services.

Moroccan fintech startup Yalla Xash raises $675k funding to expand internationally
Moroccan fintech startup Yalla Xash raises $675k funding to expand internationally
via DISRUPT AFRICA

Moroccan fintech startup Yalla Xash, a money transfer platform operating between North America and Africa, has raised MAD6 million (US$675,000) in funding from the Maroc Numeric Fund II to extend its services to other countries.

JPMorgan to acquire OpenInvest
JPMorgan to acquire OpenInvest
via Finextra

Backed by capital from Andreessen Horowitz, Y Combinator, QED, and others, OpenInvest was founded in 2015 with a core focus on helping advisors unlock the social and environmetal impact of their clients' investments.

Bank execs predict branch model will be dead within 5 years
Bank execs predict branch model will be dead within 5 years
via Finextra

With Covid-19 leading to an uptick in digital banking, nearly two thirds of industry executives from around the world think that the branch-based model will be dead within five years, according to an Economist Intelligence Unit survey.

Iceland’s four-day work week trial was a triumph for all
Iceland’s four-day work week trial was a triumph for all
via QUARZ

“My older children know that we have shorter hours and they often say something like ‘Is it Tuesday today, dad? Do you finish early today? Can I come home directly after school?,’” says one happy father, “and I might reply ‘Of course’. We then go and do something — we have nice quality time. ✨

Europe makes the case to ban biometric surveillance
Europe makes the case to ban biometric surveillance
via WIRED

Your body is a data goldmine. From the way you look to how you think and feel, firms working in the burgeoning biometrics industry are developing new and alarming ways to track everything we do. And, in many cases, you may not even know you’re being tracked.

Have some comments or suggestions? Send us an email at news@fintechweekly.com

Found this newsletter useful? It would mean a lot to us if you forwarded this to your colleagues and friends and encourage them to subscribe at www.fintechweekly.com

Follow us:
 
 

 
Copyright © 2021 FinTech Weekly c/o Railslove GmbH, All rights reserved.
You were subscribed to this list because: We are sending you this newsletter because you opted to receive weekly fintech insights from www.fintechweekly.com

Our mailing address is:
FinTech Weekly c/o Railslove GmbH
An der Bottmühle 5
Cologne 50678
Germany

Add us to your address book


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp

Older messages

Fintech News Issue #319

Friday, July 2, 2021

Health Management in China, German Funds now invest in Bitcoin, Banker quitting jobs See Online Issue #319 2021-07-02 Can you find the next corona with new technologies? The smart healthcare team of

Fintech News Issue #318

Friday, June 25, 2021

Stripe: Thinking Like a Civilization, Europe FinTech scaling, ETH Futures, takeover of Tink and Nutmeg See Online Issue #318 2021-06-24 Last week, the French President Emmanual Macron said he hoped

Fintech News Issue #317

Wednesday, June 16, 2021

NFT bubble stats, BankFI expending to Australia, Bitcoin El Salvador, Coinbase, Visa FinTech Fast Track Member See Online Issue #317 2021-06-16 Mixed sentiment this week in the alternative finance

Fintech News Issue #316

Tuesday, June 8, 2021

NFT market bubble, Africa World Leader in Digital Currencies, World Payments Report, 10 million Series A Fly Now Pay Later See Online Fintech News Issue #316 2021-06-08 While in the 90th credit card

Fintech News Issue #315 - Banking = Stress?

Sunday, May 30, 2021

here is your latest news update in fintech. See Online Fintech News Issue #315 - Banking = Stress? 2021-05-31 Every week or month a new neobank is popping up somewhere across the US, Asia or the EU.

Chicken prices to the moon

Thursday, July 29, 2021

Finshots Chicken prices to the moon In today's Finshots we talk about why chicken prices are on the rise. Business The Story Over the last few weeks, chicken prices have skyrocketed across many

Fintech News Issue #322

Thursday, July 29, 2021

Crypto regulation, Embedded finance and Solarisbank, VISA buys currencycloud, Amazons new currency and more See Online Issue 322 2021-07-27 The decade of regulation started. Microsoft recently

Colleges Are Giving Students up to $25,000 Just for Getting Vaccinated

Thursday, July 29, 2021

Campuses are using creativity (and money) to encourage COVID-19 vaccinations among young people. July 28, 2021 COVID-19 Colleges Are Giving Students up to $25000 Just for Getting Vaccinated Campuses

Risk from China

Wednesday, July 28, 2021

Bloomberg Federal Reserve officials signaled they are moving closer to when they can start cutting massive support for the US economy, but Chair Jerome Powell said there was still some way to go. “We

😭 Apple hurts Facebook

Wednesday, July 28, 2021

Facebook vs privacy | McDonald's fills up | TOGETHER WITH Hi Reader, here's what you need to know for July 29th in 3:05 minutes. 🔋 What? Your city is evolving! Congratulations, your city

🚀 Announcing our new job board!

Wednesday, July 28, 2021

An easier way to find and filter open roles ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

FTT Update: And Robinhood Will IPO At...

Wednesday, July 28, 2021

​ ​ Hi all, Julie here. Sitting here on the edge of my seat waiting for this Robinhood IPO pricing to get announced. Tomorrow could get super interesting with the high retail allocation, but FTT Expert

Issue #104: Every time I pay an ATM fee I die a little inside

Wednesday, July 28, 2021

plus Gordon Ramsay + Gen Z finance July 28, 2021 • Issue #104 Dollar Scholar Dollar Scholar Hi y'all — When I was in college, I frequented a pizza joint called Satchel's. In addition to

Is India getting its own digital currency?

Wednesday, July 28, 2021

Finshots Is India getting its own digital currency? A few days back we began hearing whispers about a central bank digital currency (CBDC) and how the RBI is working on it as we speak. So in

Back-to-School Shopping Will Be More Expensive This Year

Wednesday, July 28, 2021

Shoppers should expect shortages and higher prices on computers and other school supplies. July 27, 2021 SHOPPING Back-to-School Shopping Will Be More Expensive This Year Shoppers should expect