Issue 348 · Jan 27, 2022 Weekly edition · 4 min read

Issue #348 - Understanding FinTech: From The Elon Effect To Klarna’s Physical Card

In this number of FinTech Weekly we focus on the two-fold nature of financial technology. While fintech is changing the way we consider the financial system and reduces the number of unbanked people around the world, the

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In this issue · 10 items

JPMorgan agrees to take 49% stake in Greek fintech Viva Wallet American Banker — JPMorgan Chase continues with its strategy to stay competitive in the financial space: the last acquisition of the company is Viva Wallet, a Greek fintech. JPMorgan Chase acquired 49% of the payments firm. Open story ↗ 4 important steps you should take to boost your financial confidence, according to a Fintech VP CNBC — The pandemic also affected people’s financial confidence: according to Finfit, the fintech firm focused on financial wellness, only 19% of Americans feel confident in their financial abilities. But Finfit has 4 useful suggestions to boost your financial confidence. Open story ↗ Super-Apps, Hyper-Personalization And Traversing The Metaverse: 2022 Mobile Predictions Forbes — Elad Natanson, contributor at Forbes and expert of mobile and app economy, shares some interesting insights on what will be the mobile trends in 2022 - and fintech and AI will play a big role. Open story ↗ Can DeFi and CeFi coexist? Three takeaways from experts panel Cointelegraph — The panel discussion moderated by Cointelegraph took place on January 21st: experts think that DeFi will disrupt traditional CeFi systems, but it needs to be more easy-to-use and a little more regulated. Open story ↗ Buy now, pay later firm Klarna launches physical card in the UK CNBC — Klarna, the BNPL firm, launches a physical card that will allow UK users to delay payments - on both online and in-store purchases. It will be a Visa card, and it will include more payment options in the future, but at the beginning it will allow only the “Pay in 30” feature - that is, users can pay for their purchases within 30 days. Open story ↗ Open Banking Fintech Tink Introduces Income Check in the UK, a Service for Improving Income Verification Crowdfund Insider — Tink, the open banking platform, confirmed that it is introducing the “Income Check” in the United Kingdom. Thanks to this tool, both banks and lending institutions can simplify the verification process by having access to real-time financial data related to users. Open story ↗ Customers Bank teams with fintech on small-business loan software American Banker — Enigma, the data provider, in cooperation with Customers Bancorp and Capital One Financial, developed a new company, Prime, a lending platform focused on small business. The company will offer software that will help banks to complete the lending process online. Open story ↗ 9 Misunderstood Fintech Trends Impacting Retail Banking The Financial Brand — This article considers an interesting point: do you exactly know what fintech-related terms mean? The Financial Brand takes into account 9 popular terms and explain them in more detail: Banking as a Service (BaaS); Buy Now, Pay Later (BNPL); cryptocurrency; decentralized finance (DeFi); digital transformation; embedded finance; embedded fintech; financial health and platform banking. Open story ↗ Elon Musk Tempts McDonald's to Accept Dogecoin — McDonald's Replies 'Only if Tesla Accepts Grimacecoin' Bitcoin News — On January 25th we witnessed again the “Elon Effect”: after the CEO of Tesla tweeted that he would eat a Happy Meal if McDonald’s accepts Dogecoin, the meme coin slightly raised soon after, but that’s not all. McDonald’s, via its official Twitter account, responded that they will accept DOGE if Tesla accepts Grimacecoin. The result? A newly created meme coin inspired by the mascot of McDonald’s jumped 285,000% in less than one day. Open story ↗ Buy Now, Pay Later! – A Major FinTech Breakthrough? TechBullion — The BNPL (Buy Now, Pay Later) system, today’s hot topic, can be one of the best moves for fintech. This system actually increases the number of sales for merchants and of purchases for people, but it’s important to avoid huge debts! Open story ↗

← Previous issue Issue #347 - Cryptocurrencies Can Now Solve The Enigma Next issue → Issue #349 - Fintech Is Conquering The Market

33. FinTech & InsurTech Meetup Europe (online) - Predictions!

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