Analysis
Published
Share

Weekly Analysis & Opinion Highlights – 22 November 2021

And we’re kicking off the week with new details on fintech, cybersecurity, open banking, crypto , stocks and more. Dive into the latest fintech insights and have a great start of the week!

Land of opportunity: The growth of BNPL in Brazil and South America (FintechFutures)
Alex Pugh, author at Fintech Futures, analyzes the fact that Brazil is South America’s biggest market for buy now, pay later (BNPL). Brazilian regulations, led by the central bank, have unleashed competitive forces that are wresting the financial ecosystem from incumbents. There were around 550 fintechs in Brazil in 2019. Today, there are over 1,200 providing an array of services for customers. Read more.

Public Banking vs. Open-Source Money: What Omarova for OCC Means (Coindesk)
Brian Quintenz, former commodities regulator and friend to the crypto industry, weighed in on the confirmation process to elect a new Comptroller of the Currency. Taking the stand today in a U.S. Senate hearing is Saule Omarova, a controversial pick for the seat due to her professed support for public banking and skepticism of some corners of private finance. Over her brief academic career, Omarova published papers making the case for strengthening the Federal Reserve’s role in consumer banking, limiting the ability for private banks to feed into speculative frenzies (a la the 2008 derivatives crisis) and reining in the excesses of the fintech and crypto sectors. Read more.

Thinking net-zero (FintechFutures)
Dave Wallace, writer at Fintech Futures, analyzes how active the business community has been, as COP26 draws to a close. A highlight was Mark Carney’s announcement that the Glasgow Financial Alliance for Net-Zero (GFANZ), a consortium of over 450 financial firms across 45 nations, have committed to aligning their businesses, including their lending and investments, to net-zero goals. Read more.

Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse (Coindesk)
Bank sees around $5 trillion of consumer expenditure that could be digitized faster. The metaverse will likely be a “next generation social media, streaming and gaming platform” and will operate initially as an advertising and e-commerce forum, according to a research note by Morgan Stanley published last week. The “addressable US consumer expenditure to monetize is large … at $8trln,” and the bank sees “~$5trln of consumer expenditure that could be digitized faster from more immersive experiences.” Read more.

Financial advice and social media: what does it mean for the future of fintech? (FintechFutures)
John Elton, senior vice president and CIO, TIAA Bank thinks that Americans are increasingly spending their time online as we continue to face social distancing restrictions due to the ongoing COVID-19 pandemic. According to recent research, 39% of Americans say they’ve relied more on their cell phones during the pandemic due to social distancing requirements and travel restrictions. But the reliance on phones and other mobile devices extends beyond entertainment and staying connected to loved ones—it’s changing how Americans control their money, with a majority of those under the age of 65 (71%) reporting that they have changed how they manage their finances in the last year. Read more.

 

Do you have any news to share: please put feed@hollandfintech.com on your press list.

Curious to read and find out more from fintech? Then subscribe & read our full newsletters here: https://hollandfintech.com/featured/newsletters/. Stay tuned for more insights following up this week regarding news piece

Share this Article
Related Insights
Featured
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.

How likely are you to recommend Holland FinTech?