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.


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