Issue 353 · Mar 3, 2022 Weekly edition · 3 min read

Issue #353 - FinTech Against War

In this FinTech Weekly Newsletter you will inevitably find many titles related to the actual conflict between Russia and Ukraine. Fintech, once again, shows its power and resiliency: while entrepreneurs find new ways to

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This is a tremendous community and it’s not getting services it needs’

Penny Crosman, host of the American Banker podcast, welcomes Yasaman Hadjibashi and Keith Armstrong to discuss their innovative fintech company: these two entrepreneurs founded a fintech firm to help people with a conviction history.

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In this issue · 9 items

Opinion: Congress can deliver a big win to consumers and small businesses by giving fintech firms room to grow MarketWatch — Penny Lee, CEO of the Financial Technology Association, discussed why the Fed should support fintech firms as it does with traditional banks - this will benefit customers and the entire country, allowing for lower fees and frictionless financial activity. Open story ↗ Russian Billionaire Behind Revolut Fintech App Publishes Anti-War Letter Forbes — Nik Storonsky, the Russian co-founder of the fintech firm Revolut, published a letter on the company website, highlighting his personal and business ties to Ukraine and showing his support to both nations. Open story ↗ Swedish challenger Rocker introduces fingerprint sensor biometric payment card Fintech Futures — The “challenger bank” Rocker introduces a new card in partnership with two other firms: IDEX Biometrics and Idemia. Instead of needing a PIN code, this card - certified by Visa and Mastercard - allows users to confirm payments via their fingerprints. Open story ↗ The Growing Domination Of Chime, Square Cash App, And PayPal In Checking Accounts Forbes — Ron Shevlin shares Cornerstone Advisors data and focuses our attention on a particular point: fintech firms are becoming the first choice when it comes to open checking accounts. Open story ↗ eBay to add crypto payment options soon, says CEO CoinTelegraph — In a recent interview, Jamie Iannone, CEO of eBay, announced that the company wants to attract more Gen Zers and Millennials, and for this reason eBay seems about to start a new adventure in the upcoming weeks: adding cryptocurrencies as a payment method on the platform. Open story ↗ Binance Donates $10,000,000 to Ukraine, Raises Millions More in Emergency Relief Fund The Daily Hodl — The largest crypto exchange, Binance, is donating $10 million to assist Ukranians: the company announced that these funds will be channeled through international organizations and NGOs. Open story ↗ Russia's Ukraine invasion and the fintech industry Axios — Lucinda Shen writes about the impact the conflict is having on the fintech space - especially because many CEOs, founders, investors and crypto executives are either Ukrainian or Russian. Many fintech firms are trying to respect sanctions and others are taking sides, but where will all this lead? Open story ↗ Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether — $17 Million Raised so Far Bitcoin.com — After the tweets of the Ukrainian government official account, the crypto community replied to their requests donating over $17 million in cryptocurrencies - especially Bitcoin, Ether and USD-pegged stablecoins. Open story ↗ UK fintech Wise restricts payments amid Russia’s invasion of Ukraine UKTN — Following sanctions, the UK fintech Wise blocked money transfers to Russia. On the other hand, and even if it’s always harder, the company is still allowing transfers to Ukraine and wants to remove the Ukraine cap as soon as possible. Open story ↗

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