Issue 279 · Aug 13, 2020 Weekly edition · 3 min read

Fintech News

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Key role for fintech in the developing smart cities

Over the past couple of years, many countries in the Gulf have been embracing digital transformation journeys to diversify their economy and establish smart cities.

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In this issue · 12 items

IPO mistakes, fintech results and the Zenefits ‘mafia’ Tech Crunch — One of the most interesting disconnects in the market today is how VC Twitter discusses successful IPOs and how the CEOs of those companies view their own public market debuts. Open story ↗ Facebook Goes All-In on Fintech With Launch of New Product Group Cointelegraph — Facebook is determined not to take “no” for an answer when it comes to fintech. Open story ↗ Fintech 2020: 5 trends shaping the future of the industry CNBC TV — As the Fintech world is undergoing a radical reformation, here is a list of 5 key trends that is likely to shape the upcoming future of fintech industry Open story ↗ GM’s Chief Financial Officer Resigns to Join Fintech Startup Stripe Bloomberg — General Motors Co.’s chief financial officer is stepping down after two years to take a job at financial technology company Stripe Inc. in an unexpected move depriving it of a rising star and one of the auto industry’s few senior female executives. Open story ↗ Top 10 companies with most fintech patent applications China Daily — China's leading insurer Ping An took the top spot in the world in fintech patents by filling 1,604 patents last year, according to a report released by the World Intellectual Property Organization. Open story ↗ CaixaBank launches the first credit card in Spain made with 100% recycled plastic Fintech Finance — CaixaBank offers its customers the first card made from 100% recycled material to be marketed in Spain. Open story ↗ Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users Coindesk — The Russian agency charged with collecting data to counter financial crimes has proposed building its own software to track cryptocurrency transactions and link them to users. Open story ↗ Link Price Surges 32% to Overtake Bitcoin Cash as 5th-Largest Crypto by Market Cap Coindesk — The native token of decentralized oracle network Chainlink (LINK) has just claimed a top-five spot in terms of market value. Open story ↗ Token Sales Are Back in 2020 Coindesk — As the price of bitcoin rises, token sales have become trendy once more. Open story ↗ Will every company become a FinTech Company? Fintech Talents — Our world is full of pithy one-liners and Tweet-worthy phrases. We’ve all been to conferences where we have heard: ‘Innovate or die’ or ‘Ignore the HiPPOs’ or ‘We’re just a technology company with a banking licence.’ Open story ↗ Decentralized Finance Frenzy Drives Ethereum Transaction Fees to All-Time Highs Coindesk — The average fee per transaction on Ethereum reached $6.04 Wednesday night, according to Blockchair, the highest fees since 2015. Open story ↗ The coronavirus should accelerate fintech/bank cooperation Payments Source — What are long-term effects fintechs might experience due to the coronavirus, and how can they benefit from the lockdown? Open story ↗

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Key role for fintech in the developing smart cities

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