Issue #388 - The Three FinTech-eers2022-11-03Always more politicians and countries are addressing what seems to appear a full-fledged global economic crisis. Fintech is playing a major role in helping governments and businesses of all sizes to deal with economic issues, offering solutions to mitigate the dramatic effects of these challenging economic and financial times. Fintech is actually one of the main industries on which politicians are focusing to find sustainable solutions. Among the entrepreneurs and politicians currently actively involved in fintech, three names that stand out: Elon Musk, Rishi Sunak and Mahamudu Bawumia. Discover what they’re doing and discussing with FinTech Weekly, the free newsletter that helps you explore the fintech space. |
By FinTech Weekly
 | Blockchain Without Cryptocurrency: Business Use CasesBlockchain without cryptocurrencies: it's possible, but only with certain blockchains – and many businesses are using them. Since blockchain and cryptocurrencies are not the same, it's important to know that blockchain can be used without cryptocurrency - and many businesses already do so. |
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 | FinTech Weekly SurveyAs 2023 knocking at the door and your opinion are the most important to us, we would like to know your feedback regarding the following: |
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Podcasts and Videos
 | FinTech Innovation Lab New York Now Accepting Applicants for 2023 ClassFintech skills are in great demand, as well as companies able to find innovative solutions. This is the goal behind the FinTech Innovation Lab New York, finding startups and growth-stage fintech companies to invest in them and help them accelerate business development. Applications are open! |
Crypto
 | How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra HearingThe collapse of Terraform Labs and other failures in the crypto space hasn’t gone unnoticed, and South Korea wants to see clear on recent events: unable to reach out to one of the founders of Terra (Do Kwon might be a fugitive), the lawmakers of South Korea’s National Assembly chose five representatives of the industry, but only two showed up. What’s next for cryptos in the country? |
Banking
 | Small Businesses in Canada Looking at Banks for Advice to Weather Challenging Economy, J.D. Power FindsAccording to the J.D Power 2022 Canada Small Business Banking Satisfaction Study, 6 out of 10 small businesses in Canada are considered financially unhealthy. In these tough economic times, many small businesses are looking for help from their banks to better manage their resources, but banks are not always able to provide a comprehensive service. |
 | Nigeria-based fintech company wins $50,000 in Ecobank Fintech ChallengeThe African fintech space thrives, and the 2022 edition of the Ecobank Fintech Challenge has recently rewarded a fintech company, Touch and Pay, with a cash prize of $50,000 for its innovative payment solutions. |
Innovation
 | Final Fantasy developer partners with Avalanche to launch its first Web3 gameGREE, the popular Japanese gaming company involved in the creation of well-known games for the Web2 – such as Naruto and Final Fantasy, is partnering with Avalanche to create its first Web3 game. |
Fintech
 | 7 Benefits of FinTech to Small BusinessesEspecially during an economic crisis, business is the real game-changer. Of course, businesses also need help to cope with economic difficulties – and fintech can help them in at least 7 ways. |
 | Why are so many young tech professionals thinking about leaving the industry?It may sound odd, but the tech industry doesn’t seem to offer the best working conditions anymore. While a career in technology seemed the best option, since tech skills are required across countless sectors, the current economic crisis threatens opportunities for workers. When even a giant like Microsoft needs to make cuts, discouragement is inevitable: the result is that over 2000 young tech professionals want to leave the sector, according to the survey conducted in Europe by the company HiBob. |
 | Vice President Bawumia proposes solutions to Ghana's economic crisisVice President of Ghana, Mahamudu Bawumia, addressed the economic crisis suffered by Ghana during a speech delivered at the FinTech Festival in Accra. The plan of Bawumia focuses on the reduction of debt, more sustainable fiscal policies, limits on imports and retention of foreign exchange earnings. |