Issue #373 - The Other Way Around July 21st, 2022

While robots should have helped humans to improve how they do things, it seems that now robots could help humans to keep doing things. Humans seem to need robots and artificial intelligence not to burn out. But this is not the only thing that seems to go the other way around: fintech exceeds expectations when compared to banks; while people used to work to digitalize the economy, now digitalization seems the only way to support the economy and create new “digital” jobs – for instance, in the Metaverse.

This and much more in this number of FinTech Weekly: follow FinTech Weekly on Twitter to stay on top of fintech news and conferences to better understand the developments of today’s economy.

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    Open banking, backed by APIs, allows non-financial businesses to easily embed financial services and make people’s lives easier. That’s one of the strengths of fintech companies when compared to traditional banks, along with the offer of more accessible and flexible financial tools. But what are the risks involved – especially when it comes to possible debt spirals?