Fintech News Issue #272 June 18th, 2020

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.

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.

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.

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.

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?”

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

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

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.

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

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.

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

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.