Issue 356 · Mar 24, 2022 Weekly edition · 4 min read

Issue #356 - Game of Banks

In this number of FinTech Weekly you will find that the competition game between neobanks and traditional banks may change in the future: from The Wall Street Journal to Forbes, all major newspapers covered the topic and

Share in X

Banks Can Trump Fintech as Zero-Rate Era Ends

Telis Demos raises a question: what will happen when zero interest rates will end? This is the actual advantage of many neobanks, but the competition between new banks and traditional banks may not be such an easy game in the future.

Read the full story ↗

In this issue · 12 items

News: SCA finally in effect, Lunar raises $77M and HSBC joins the metaverse Fintech Insider — Gwera Kiwana and Sam Rai are joined by Roger De’Ath (Truelayer) and Jimmy Fong (SEON) to discuss the most relevant developments in financial technology: the partnership between Klarna and eBay, HSBC that buys land in the metaverse, Revolut’s support to Ukrainian refugees, and much more. Open story ↗ Sign of the times: Klarna lets you pay for gas in installments Fast Company — Gas prices are rising – it’s not something new. But the real news is that Klarna is allowing users to use BNPL schemes also to buy gasoline. This service will be available in the United States thanks to the partnership among Klarna, Chevron and Texaco. Open story ↗ China’s central bank encourages ‘controllable risks’ in fintech innovation in Alibaba’s home province of Zhejiang South China Morning Post — People’s Bank of China and Chinese financial regulators want to encourage “controllable risks” to improve financial technology in the region. The central banks would like banks to cooperate more with external institutions and increase the number of fintech services. Open story ↗ Why Build, rent what you need – PaaS, the New Normal in Payments Finextra — PaaS (Platform as a Service) providers are improving payment systems creating modern and easy-to-use platforms. Among the services offered by these providers are real-time payments, cloud native solutions, and fraud management systems. Open story ↗ OECD opens proposal on tax transparency framework for crypto to public comment Cointelegraph — The OECD (Organisation for Economic Cooperation and Development) proposes a new tax framework for crypto holders: the organization said that cryptocurrencies put at risk tax transparency, and that the space needs additional safeguards. Open story ↗ Aussie fintech to offer mainstream direct access to DeFi with a fixed rate Cointelegraph — Block Earner, an Australian fintech company, allows investors to get fixed yields thanks to decentralized finance (DeFi) products. Jordan Momtazi, co-founder of the company, makes a comparison between their savings accounts and traditional saving accounts – making it clear that Block Earner offers higher returns. Open story ↗ Will Banks Overtake Fintechs As Interest Rates Rise? Don’t Bet On It Forbes — Ron Shevlin shares his thoughts – and data – about the WSJ article, and uses some interesting topics to defend fintech and the future of fintech companies: the engagement factor, the experience factor, the portfolio and profit perspectives. Open story ↗ How AI is changing the world of finance VentureBeat — The financial sector is one of the many sectors that use artificial intelligence (AI) to maximize profits and improve services: fraud detection, accounting automation risk assessment are just some of the fields where AI is used. Open story ↗ 34. FinTech & InsurTech Meetup Europe (ONLINE) FinTech Meetup Europe — We host 3 talks by industry experts and a little discussion together with our speaker from europe and beyond. Open story ↗ Request to Pay: What is it and how close is the industry to adoption? Finextra — Request to Pay looks like an easy and flexible solution to improve payment systems and transactions between payers and billers. Despite customers and merchants are favorable to this system, there are still few companies and banks that offer Request to Pay services. Open story ↗ Banking Transformation Africa 2022 Banking Transformation Africa — In November 2022, we will build on our first annual Banking Transformation Africa (BTA), driving engagement on major and emerging issues across the African financial ecosystem. As the global banking industry undergoes a radical transformation, BTA 2022 summit will gather top banking CEOs and Executives to plot Africa’s banking industry’s route to digital transformation, differentiation. Open story ↗ FinTech World Forum 2022 conference FinTech Conference — FINTECH WORLD FORUM 2022 #crypto http://fintechconferences.com #iot #ai #nfcLONDON. May 23-24. BOOK NOW! #fintech http://fintechconferences.com#regtech #insurtech #wealthtech #finance #PSD2 #openbanking #financialservices #altfin #bankingtech #digitalbanking #blockchain #fintechnews #ML Open story ↗

← Previous issue Issue #355 - What To Do When Inflation Rises Next issue → Issue #358 - Fintech Around The World

Banks Can Trump Fintech as Zero-Rate Era Ends

Finance intelligence, minus the noise.

Good questions. Clear answers.

Imprint