Issue #365 - What If Competition Rises? May 25th, 2022

Klarna plans to cut 10% of its workforce. This is the announcement of Sebastian Siemiatkowski, co-founder and CEO of the BNPL (Buy Now, Pay Later) Swedish firm.

Kristalina Georgieva joins the list of those who call cryptocurrencies a pyramid scheme. The head of the IMF was referring to the collapse of stablecoins during the WEF meeting in Davos.

During the first investor day in 5 years, the executives of Block – the US-based company run by Jack Dorsey – outline the future of the company: not just a payments firm, but a company that has grown and expanded into different industries.

Mai 19 at 6:30 to 8:30 cet we open up again for the 36. FinTech & InsurTech Meetup online. Around 30-40 Founders, Corporates, VCs, product people will meet to pitch their startups and projects. This time we focus on the state of play with decentralized finance.

Jeff Wilser’s article answers a few questions that metaverse-curious people ask all the time: why do people buy land in the metaverse? Not just hype, but specific business plans in mind: these are the reasons why people – and big companies – buy, but this involves risks.

The collapse of Terra affected the whole crypto space: fear prevailed among investors, as well as distrust. Regulators are riding the wave, but in reality some CEXs used risk-management systems to protect their users.

And like every year, the Sunday Times Rich List was published. It’s worth noting that many of the 1,000 names listed are in the banking and fintech space.

As reported by the World Economic Forum, Brazil is a leading country in the adoption of digital payments. As David Vélez – founder of Nubank – points out, digital payments favor financial inclusion. The Brazilian Central Bank has a major role in this, thanks to its initiatives focused on allowing more people to have access to bank accounts.

D-Pal, a Dublin-based fintech, launches in the UK. Among other services, this fintech firm is able to provide software for identification that makes it possible to verify users’ identities in seconds, avoid human mistakes, and prevent frauds.

Despite the UK didn’t welcome Binance in 2021, recent announcements regarding stablecoins made it easier for Binance to partner with one of the most influential networks in the UK – the Fintech Founders group.

Fintech firms are flexible enough to meet people’s needs quickly. Parents who want to save more for their children make no exception: fintech firms are answering positively, not just by offering different asset classes for investments, but also by offering rewards based on savings.