Issue #390 - What People Find In FinTech November 17th, 2022

The Indian fintech Lentra has just raised $60 million. The Series B funding round was led by investors like SIG, Citi Ventures and Bessemer Venture. The fintech company, focused on providing banks with a cloud-native platform able to offer digital solutions that range from verification of credit scores to fraud checks, is one of the components of the thriving Indian fintech market – which has raised almost $900 million in investments since 2014.

Helping the customer when they need it most: Discovering the different examples and methods of how embedded insurance can be implemented, improve conversion rates for insurance companies and increase turnover for companies of all industries.

Get 1 year of fintech networking done in 1 day - that's right, the most impactful gathering of capital markets fintech decision makers is back in NYC on December 8th at Pier Sixty!

️ Benzinga's Fintech Deal Day is the place to form lasting connections that will drive your business. Join us to get industry insights, introductions to target leaders, access to Benzinga's Fintech alumni group, networking in intimate roundtable discussions (VIP ticket holders), and celebrate the industry’s best at the 8th Annual Global Fintech Awards.

Use the FintechWeekly promo code to book your tickets for 20% off.www.eventbrite.com/e/212627533677/?discount=FintechWeekly20

FinTech World Forum 2022 (https://fintechconferences.com) is based in London UK Europe as one of leading fintech events 2022 for global financial services, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech and Wealthtech. For more info visit: https://fintechconferences.com/

As Binance steps in to merge with FTX after the collapse of one of the largest crypto exchanges, Bitcoin touches its lowest price for 2022 and the FTX token loses over 76% of its value. These losses are affecting the whole crypto market – as well as the stock market.

In the meantime, the US continues trying to find a definite regulatory framework for cryptocurrency and fintech. The two markets, according to US regulators, could pose risks to the whole financial system if not monitored properly.
The goal is not hurting innovation, but creating a safer environment for further financial and technological progress.

Once again, fintech is able to solve common issues that might not be properly addressed by more traditional businesses. One of these problems is how couples manage finances. Money is one of the main reasons behind divorces: inspired by her parents’ divorce, Jacklyn Rome founded Onward, a fintech firm that allows divorced parents to co-manage expenses for their children.

Integrated Finance, the fintech infrastructure provider, launched its Fintech Foundation. Thanks to this incubator, emerging fintech realities can benefit from guidance, technologies and Integrated Finance’s partners to have sustainable growth.

The big Chinese e-commerce, JD.COm, wants to win Beijing’s approval for its fintech arm. Even if the regulatory measures of the Chinese government started two years ago delayed the plans of some fintech companies, JD.Com is trying to have regulators’ approval by the end of the year – it would be the largest IPO of a Chinese company in Hong Kong.

2022 marks the 10ht anniversary of fintech, and despite the impressive rise of this industry, fintech companies and startups should prepare for the next decade and face their competitors – mainly traditional firms able to offer super apps and a strong user experience, decentralized protocols, companies that integrate financial products, and all those institutions that will be able to use CBDCs.

Fintech meets healthcare with the launch of the fintech platform offered by Nomi Health. The healthcare company, already focused on making healthcare affordable in the US, launches this platform – Connect – to allow real-time payments and a more transparent process.

In spite of the challenges faced by the fintech industry in these hard economic and financial times, in October the whole market witnessed successful funding rounds. Among the most successful sectors, we can find cybersecurity, automation of business processes, payments and decentralized finance.

Even though it was founded just one year ago, the Every Action Counts (EAC) coalition already managed to reach concrete goals. The coalition, made up of different companies and green fintech experts, published the Green Digital Practices Guidebook, which provides orientation on how businesses and institutions can engage with customers to focus on innovation and sustainability.