Fintech News Issue #292 November 26th, 2020

Banking has historically been an industry founded by men, run by men, with products created for men. Recently, progress has been made, but the gender bias in banking still runs deep. Surprisingly, this same bias exists in fintech, where there are far too few fintech founders and too few women working at these new start-ups.

There’s a long history of banks and financial institutions focusing on specific demographics. Bank of America got its start catering to the Italian-American immigrant community, for example, and Black-owned banks have sought to eradicate discrimination in the banking industry for decades.

Most are accelerating their digital transformation efforts in response to Covid-19, but are confident they'll get through it.

The default of Wirecard highlights several problems in the regulation and supervision of Fintech companies, with regulatory holes in investor protection, customer protection, and financial stability.

A recent analysis by ccecosystems.news has identified 167 blockchain and distributed ledger technology (DLT) startups focusing on financial services in Switzerland.

The pandemic has caused a financial burden for millions of employees across the nation. It also impacts the companies that people work for due to lower productivity, distractions, and other factors.

As a record amount of venture capital flows into the fintech industry, female entrepreneurs are lagging behind their male counterparts in attracting funding.

Frankfurt is still the banking capital of Germany. However, with regard to the innovative fintech segment, it has become clear that a new financial center is emerging in Germany. As shown in this infographic made in collaboration with Berlin Partner, Berlin is clearly in the lead, not only in Germany, but also in the EU.

Wondering what it takes to carve out a career in fintech? It’s an industry going from strength to strength with plenty of different opportunities

When it comes to the energy- and capital-intensive process of mining cryptocurrency, people tend to think of China, where about 65% of global hash power is located.

Like most markets worldwide, the Middle East – or is that Western Asia? – has been sorely impacted by the pandemic crisis.

Thus spoke my first ever boss. And he waited for me to ask why, which I, of course, obligingly did. You don’t get to be an A-star student without asking the questions and pleasing your teachers, I can tell you that for free.