Issue 358 · Apr 7, 2022 Weekly edition · 3 min read

Issue #358 - Fintech Around The World

FinTech Weekly covers the latest news in the fintech space, and this newsletter shows how fintech is able to conquer people – no matter the country: from the U.K. to India, financial technology meets the needs of users.

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Banks need an answer to the pervasiveness of fintech in India

Fintech companies are replacing traditional banks and payment methods in India: some of the reasons that led to this new system can be found in the high cost of the pieces of hardware needed to read traditional cards – hard to afford, especially for small businesses in emerging countries; the knowledge needed to manage these kinds of tools; the lack of viable options for smartphones.

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In this issue · 9 items

Sustainable Fintech CarbonPay Launches Prepaid Business Payment Card Fintech&Finance News — CarbonPay launches CarbonPay Business Ctrl: with this prepaid card – available in the U.S. and the U.K. – the green fintech company allows its users to offset 1kg of CO2 for every dollar spent. Open story ↗ UK's open banking regulator faces shake-up, ArK Kapital creates 'ageing filter' for startups Fintech Insider — David M. Brear and Sim Rai are joined by Alan Ainsworth (OBIE), Axel Bruzelius (ArK Kapital) and Shaun Port (Chase UK) to discuss the latest funding rounds, regulatory frameworks and innovation in the fintech space. Open story ↗ 15 Tech Leaders On The ‘Next Big Thing’ In Cybersecurity Forbes — The Forbes Technology Council discusses the latest developments in the cybersecurity space: from blockchain vulnerabilities to data sovereignty, in today’s business it is fundamental to know and understand all the tools available to protect data. Open story ↗ UK government moves forward with regulatory framework on stablecoins for payments Cointelegraph — John Glen, the Economic Secretary of the Treasury of the U.K., said that the country is taking all the necessary steps to regulate the crypto space: the government wants to focus on stablecoins to allow the crypto market to flourish in the country – but within regulatory boundaries. Open story ↗ IFGS 2022: Taking the pulse of UK fintech Finextra — Interesting article about the reasons why the U.K. is so successful in fintech: from the importance of talent to the pivotal role of infrastructure, panelists led by Cristopher Woolard discuss the fundamental role of this country in financial technology. Open story ↗ IEEFA: China’s central bank is leading the way with bold green finance policies IEEFA — Even if financial institutions recognize that climate change is a serious issue, they don’t agree on solutions. The People’s Bank of China is working on specific solutions: one of this solutions is to finance all those sectors that contribute to greening the Chinese financial system. Open story ↗ Green oasis' for Bitcoin mining: Norway has almost 1% of global BTC hash rate Cointelegraph — Even if Bitcoin is the first cryptocurrency by market capitalization, one of the main concerns around this crypto is energy consumption – BTC is not considered environment-friendly. But Norway, the country that hosts almost 1% of BTC’s hash rate, manages to mine this crypto with renewable energy. Open story ↗ Marijuana Fintech Players Are Vying to Replace Cashless ATMs Bloomberg — Tiffany Kary talks about the interesting developments in the cannabis industry, and the role of fintech players: “cannabis fintech” is what the industry needs to avoid compliance concerns, thanks to the use of alternative payment methods. Open story ↗ Former Binance CFO Wei Zhou Buys Coins.ph: Report CoinDesk — Wei Zhou, former CFO of Binance, bought Coins.ph. The crypto exchange and wallet provider was bought by Gojek, an Indonesian tech company, for $95 million. Now, Zhou wants to steer Coins back to its roots in the crypto space. Open story ↗

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Banks need an answer to the pervasiveness of fintech in India

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