Find out the latest analyses and opinions from fintech! Topics of interest for this week include: payments, cryptocurrency, Bitcoin, financial activities, fintech solutions and disasters recovery. Dive into the insights and discover the most credible voices from the industry. Happy reading!
UK Contactless Limit Raised to £100 – Experts Ask, Is it Secure? (Fintech Times)
Francis Bignell, writer at Fintech Times, analyzes the news that the contactless limit is now being upped to 10x its original amount, as consumers will be able to spend £100 without having to enter their PIN numbers from October. A good paytech makes it as easy as possible for a consumer to spend money, and one way of achieving this is through flexibility. Read more.
Bitcoin ban: These are the countries where crypto is restricted or illegal (Euronews)
Chloe Orji, explores the legal status of Bitcoin and other altcoins (alternative coins to Bitcoin). It varies substantially from country to country, while in some, the relationship remains to be properly defined or is constantly changing. But as more people turn to cryptos as either an investment or a lifeline, these issues have manifested in an array of restrictions on their usage. Read more.
It’s time to put our heart back into our ecosystem – and build what matters (Fintech Futures)
Theo Lau, a founder of Unconventional Ventures, highlights some modern-day financial activities that many of us come to expect and often take for granted. Having a bank account is only the beginning of a long journey fraught with additional challenges, from the ability to continue higher education or receive and transfer funds locally and abroad, to starting a new business, buying a home, or saving for the future. Read more.
Can Fintech Solutions Further Partner With Banks in the Middle East & Africa? (Fintech Times)
Richie Santosdiaz, writer at Fintech Futures, explores the possibility of solutions in fintech to further partner with banks in the Middle East and Africa (MEA) across improving the wider customer and internal journey. Including the fact that, the rise of fintech has seen its adoption across much of the world – even in traditionally minded banks and the wider financial services sector as a whole. Read more.
Data availability and disaster recovery: lessons for banks and fintechs (Fintech Futures)
Aron Brand, CTO at CTERA, highlights a critical reminder that disasters can and will happen anywhere, anytime. The devastating fire at the Strasbourg OVHcloud data centre facility in March, caused financial institutions, commercial entities and government agencies, among others, to sustain downtime, with the fire leaving millions of websites offline. While some companies could restore their data and services from a separate location, others lost everything. Read more.
Your financial digital twin (Fintech Futures)
Dharmesh Mistry, CEO at AskHomey, discusses new personal banking assistants – the concept of an intelligent banking assistant that helps you to manage all aspects of your money. This assistant leveraged your data and personalized its service to suit your specific preferences and needs. Read more.
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