Issue 313 · May 6, 2021 Weekly edition · 3 min read

Fintech News

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A one-stop destination for financial services: The future of the fintech industry

With such noteworthy progress, it is no surprise that customer expectations are also on the rise.

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In this issue · 11 items

Should Fintech Startups Hire Bankers? Forbes — The war for talent in the fintech space raises a provocative question: Should fintech startups hire executives (and other employees) from traditional banks? Open story ↗ Visa Partners With Fintech Startup Tala To Drive Crypto Adoption In Emerging Markets Forbes — Visa announced a new partnership with Tala, a digital financial services provider in emerging markets, the goal of which is to provide easier access to cryptocurrencies for underbanked consumers, beginning with USD Coin (USDC), a stablecoin backed by the U.S. dollar and governed by the Centre Consortium. USDC is supported on Ethereum, Algorand, Solana and Stellar blockchains. Open story ↗ Payments, lending and neobanks rule fintechs in emerging markets, report says Tech Crunch — Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Open story ↗ Fed Weighs Handing Fintechs More Access to Its Payments System Bloomberg — The Federal Reserve is deciding whether to give financial-technology companies more direct access to its payment system after many of the upstarts swelled in popularity during the pandemic. Open story ↗ Fintech StartUps Frustrated With Glacial Pace Of Canada's Open Banking Consultants betakit — Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two consultation participants with an outline of the workshops it wanted to hold and its recommendations for an eventual framework. Open story ↗ Thriving in Financial Services with AI built on Trust LinkedIn — Many of the issues surrounding artificial intelligence (AI) lie within unpredictability and trust. Open story ↗ Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG CNBC — For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG. Open story ↗ Apple Card Grows To 6.4 Million Cardholders Thanks To Women Forbes — In March 2020, I reported that there were 3.1 million Apple Card credit cardholders in the US (based on a January 2020 consumer survey from Cornerstone Advisors). Open story ↗ Are Banking C-Suites Prepared For A Digital Future? The Financial Brand — Digitally savvy leadership will define the winners (and losers) as banks and credit unions continue with their digital transformation efforts. Open story ↗ Canadian fintech Wealthsimple raises record $610m at $4bn valuation Fintech Futures — The investment, which marks one of the largest technology investments in Canada to date, is seven times the size of its last fundraise – which closed in October at just $87 million. Open story ↗ A Visual Explanation of Algorithmic Stablecoins Medium — Stablecoin usage has exploded in the last year. And yet, fewer and fewer people seem to understand how these stablecoins actually work. Open story ↗

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