Fortifying Fintech Foundations - Issue #497 December 5th, 2024

The collapse of Synapse and its missing $90M have raised critical questions about the safety of fintech firms. As users struggle to recover funds, the case highlights the vital role of security and transparency in fostering trust in fintech. Can security measures keep pace with innovation, or do they risk hindering progress?

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The 18th Asian Financial Forum returns to Hong Kong on 13-14 January 2025 to bring together global business communities, corporate leaders, policymakers and regulators for discussions and exchange of insights on the global economy from an Asian perspective.

Benjamin Ensor and guests dive into pivotal fintech updates: UK regulators face scrutiny, UniCredit eyes a major acquisition, Checkout.com expands to Japan, and AI wealthtech Range secures funding. Amidst these developments, a groundbreaking study explores whether targeted financial aid can better tackle homelessness—an area where fintech’s focus on security and inclusion could redefine societal support.

The credit department at Revolut is anything but ordinary. They design, develop, and launch credit products across the globe 🌏 The team manages our products from day one to the end - developing the back and front-end, the data science infrastructure, and then creating a local setup in each country with scalable risk management and portfolio management solutions. It's a big old job, but our people are a Credit to us all ✨

Working with the Product Leads, help define the opportunities and direction for our products in Latin America. Collaborate across teams and inspire others so that we deliver the best solution.

As a Principal Product Manager in Operations, you will lead high-impact initiatives, using technologies such as ML and LLMs to enhance Monzo’s award-winning customer support.

Exciting opportunities await in the dynamic world of fintech! Explore all of FintechWeekly's current job listings. Whether you're an industry veteran or a budding professional, our curated selection has something for everyone.

German fintech 21X has received approval to launch a tokenization platform, a milestone under the EU’s DLT Pilot Regime. This breakthrough highlights the need to balance innovation with security, ensuring blockchain-based solutions deliver on promises without exposing users to unnecessary risks.

Striking a balance between stringent security and seamless user experience is a growing challenge for fintech apps. Overly strict protocols can frustrate users, while lax measures open doors for fraud and data breaches. Can fintech strike a perfect balance that protects without alienating?

Fintech has brought financial inclusion to Ghana, with mobile money and digital wallets reshaping access to financial services. Yet, high fees deter broader adoption. As fintech expands, ensuring secure and affordable solutions becomes crucial for maintaining trust and inclusion in underserved regions.

As fintech pushes convenience, cyber threats loom larger. Eric Hannelius of Pepper Pay emphasizes that robust security safeguards not only protect users from breaches but also build lasting trust and loyalty. Is fintech ready to meet rising expectations while combating ever-evolving threats?