Issue #353 - FinTech Against War Thursday, March 3rd 2022 12:51AM
Podcasts & Videos
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.
Top Stories
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.
Binance Donates $10,000,000 to Ukraine, Raises Millions More in Emergency Relief Fund
— via The Daily HodlThe 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.
Crypto
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.
Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether — $17 Million Raised so Far
— via Bitcoin.comAfter 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.
FinTech
Opinion: Congress can deliver a big win to consumers and small businesses by giving fintech firms room to grow
— via MarketWatchPenny 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.
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?
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.
Banking
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.
Innovation
Swedish challenger Rocker introduces fingerprint sensor biometric payment card
— via Fintech FuturesThe “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.
Recent News
Startups @ WebSummit – Video Interviews (3-5min)
FinTech Weekly
We stopped by at some of the startups and established fintechs at this year's WebSummit in Lisbon to ask them... Full Article
PayPal to Expand PYUSD Stablecoin to Stellar for Faster, Cheaper Global Payments
Rosalia Mazza
PayPal plans to launch PYUSD on the Stellar blockchain, expanding its stablecoin's utility for real-world payments, remittances, and financing—pending regulatory... Full Article
Fintech Outsourcing Colombia: The Preferred Nearshore BPO Destination for Digital Innovators and Disruptors
In the relentless pursuit of innovation within the financial technology sector, companies are constantly on the lookout for strategic edges... Full Article
India's Digital Rupee Gains Momentum with Fintech Integration
Rosalia Mazza
India's Digital Rupee, introduced by the Reserve Bank of India (RBI) in December 2022, gains momentum. Cred has become the... Full Article
Stripe Acquires Crypto Wallet Startup Privy to Expand Blockchain Infrastructure Push
Rosalia Mazza
Stripe acquires crypto wallet startup Privy as part of its renewed crypto strategy, following its $1.1B Bridge acquisition. Full Article
Explore Meetups
FinTech Meetup Europe - Tallinn
Hello Tallinn-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
Hyperledger Argentina
The Hyperledger Foundation is an open source collaborative effort hosted by the Linux Foundation and created to advance cross-industry blockchain... Read More
FinTech Meetup Europe - Lisbon
Hello Lisbon-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
FinTech Meetup Europe - Frankfurt
Hello Frankfurt-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
Citi Accelerator TLV
Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More