And we’re kicking off the week with new details on social impact, funding, regulations, ethical banking, big data and more. Dive into the latest fintech insights and have a great start of the week!
Fintech future: How soon will the world be cashless? (FinTech Magazine)
A mere decade ago, a world without coins and notes as currency was unthinkable. Despite the fact that even as far back as 2012, the lion’s share of transactions taking place was carried out via debit and credit card transitions, cash remained king. Today, with financial inclusion as a leading strategy for the vast majority of digital banks and fintechs, living without the clinking sounds of pocket change could very soon be a reality. But what are the pros and cons? Read more
Is the crypto crash a failure of regulation? (RegTech Analyst)
The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure to regulation to blame? Read more
Football and Beyond: When Multiple Sports Worlds Combine With Fintech To Create Something Great (The Fintech Times)
The Fintech Times have discussed to a great extent how fintech has begun to integrate itself into the professional sports world. Companies are making moves in the Great White North and US, looking at a partnership between the National Hockey League Players’ Association (NHLPA), the National Hockey League (NHL), the National Hockey League Alumni Association (NHLAA) and NFT distribution platform, like Sweet. To look at some of the latest deals in the football world and beyond read more.
Fintech crash is an M&A opportunity for bold banks (Reuters)
Bank chief executives have spent years fretting about disruptive financial technology upstarts including Affirm, Klarna and Robinhood Markets. Now that those erstwhile market darlings are on the ropes, established lenders like Goldman Sachs ought to think about buying them. Banks are already scooping up smaller fintechs. But the recent market storm brings bigger fish into the net. Read more
Why digital literacy is a critical gateway towards financial inclusion (FirstPost.)
A survey found that the pandemic all around the world brought about years of change in businesses and accelerated the adoption of technology in leaps and bounds in just couple of years. The data revolution disrupted the financial sector in an unexpected way and paved the way for a more practical, accountable and effectual system. With emphasis towards a cashless and paperless economy, the banking industry has undergone a sea-change and the FinTech sector is one of the biggest beneficiaries of this transformation. Many industries today are benefitting from FinTech such as education, NGOS, retail banking, education etc. Read more
Mobile wallets boost financial inclusion in developing world (FinTech Magazine)
For most people in the developed world, mobile technology simply makes our lives easier, allowing us to pay at a store quickly and conveniently without pulling out a card. But in many low and middle-income countries, mobile money systems can make a much bigger difference in people’s lives by providing access to basic financial services they would not otherwise have. This can have a huge impact in places with limited access to financial services. Read more
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