The transition to a new financial system is still on its way. Finance is becoming an everyday topic - even children are now able to manage their finances independently.
Technology is supporting this transition, and it seems that those who do not adapt to fintech will not survive: the banks that don’t solve problems are losing power, and big companies are now able to fully control their finances.
The same applies to people: the reason why fintech solutions are succeeding is that people choose them, and this can make the transition to a new system faster - and maybe avoid financial instability.
Also this week we want to provide you with the most useful info: read the articles we chose to discover different points of view.
Ron Shevlin shares his thoughts about the debacle of N26 in the United States. The German fintech, which now is focusing on the European market, maybe made the wrong assumptions when it thought that its strategies would work also in the US.
We host 3 pitches and 1 panel together with our speaker from europe and beyond. It will be all about how retail investors can access new forms of investments by the help of technology that have been available only for institutional investors or wealthy people before like Investing in land, ventures and collectibles!
1) InVenture Capital iVC GmbH - Selma Meryem Peters (Growth Manager) 2) Landex.ai - Randy Parade (CEO & Co-Founder) 3) Konvi App - Lena Sonnen (Co-Founder & Managing Director)
These are the words of Stripe’s co-founder, John Collison, at the Fintech Abu Dhabi festival. The $95 billion dollar company is still not ready to go public, but it has nothing to envy to big tech giants - nor to fully-fledged banks.
Sir Jon Cunliffe, the Bank of England’s deputy governor for financial stability, while speaking on The Swap podcast said that money is disappearing, and that cryptos may threaten financial stability if regulators don’t act fast.
The New York based fintech company, Flexa, and the movie operator Regal are partnering to allow people to pay for tickets, food and beverage with cryptos. This new cooperation is paving the way for a widespread adoption of cryptos.
The Mode Global debate ended with the fintech firm tanking after a clarification among UK retailers and Mode. When the fintech firm announced its Bitcoin cashback scheme in partnership with over 40 retailers its stock surged, but it plunged after some of these retailers affirmed that they were not involved in the scheme.
Tamil Nadu wants to become a leading global destination for fintech startups: this is the idea behind the 2021 FinTech Policy, and the State wants to reach its goal by 2025.
Fintech startups are gathering those millions of Americans who mainly fall into three categories: immigrants, young people, those who need a second chance. Considering that the number of people who are unbanked is higher than the number of people with a good credit score, what will the future of traditional banks be like?
While it halts Visa payments in the UK, it also markets its card - a Visa card, issued by JP Morgan Chase - and partners with Affirm and Venmo. Will other giants prefer more innovative and low cost solutions?
ICICI Bank is launching a new online platform that will offer digital banking and other services to exporters and importers: the Trade Emerge plan was created to make trades easier, more convenient and efficient. The Indian bank is not new to fintech investments and partnerships to create innovative products.
Revolut Junior now allows children to pay by using their iPhones and Apple Watch in the UK and the rest of Europe. This account is designed for people between the ages of 6 and 17, but only children from the age of 13 can sign up for an Apple Pay account. The service will be soon available in the US, Australia and Singapore.