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 Issue #370 - Shocks & Solutions: A FinTech Modern Story 2022-06-30 Financial technology is well known for being one of the most innovative sectors in modern history. New payment methods and tools are constantly developed in the effort of favoring businesses and people, and solving major modern issues like the climate disaster. But these are undeniably hard times: not only the economic downturn, but also the effects of the pandemic – maybe still undervalued. Moreover, the conviction of some analysts that the fintech revolution might have come to an end, and some shocks in the sector – as in the case of Wise, could further affect fintech companies. This and more in this number of FinTech Weekly: stay on top of fintech news and conferences with our free fintech newsletter. | | Top Stories |  New Payment Solutions Are Knocking At The Door In Fintech—How Industry Leaders Can Stay Competitive via Forbes Gazmend Selmani, renowned technology solutions architect, talks about the new solutions brought by fintech firms in the payment industry. These solutions not only favor those who have so far been a part of the unbanked people category, but also take into account environment-friendly solutions to alleviate major global issues. How can business owners stay competitive with fintech solutions? | Crypto  | Bitcoin Cryptos via Bitcoinist Many analysts think that the current crypto market downturn is different from the previous crashes. Why? Because Bitcoin fell, for the first time, below its previous bear cycles. |  | Cryptos via Bitcoinist Binance, the first crypto exchange by trading volume, launches a new platform dedicated to institutional investors. Binance Institutional will also grant privileges to VIP investors with at least 1 million BUSD monthly trading volume. |  | Blockchain Cryptos Payments via CoinDesk The fintech firm Tribal, a credit company that focuses on emerging markets, has joined the Blockchain Association, a lobbying group, to contribute to the industry with its expertise. | Banking  | Banks Financial Instruments via TechCrunch Despite the fact that Indian fintech startups have raised over $15 billion in investments in the past years, the central bank took a decision that may affect many startups and that has to do with the way fintech firms offer credit lines to their customers. |  | Banks via Forbes Ron Shevlin analyzes the article that appeared in The Telegraph, “The phony ‘fintech revolution’ is eating itself”, and assesses that even if the sector is having a hard time and its hype is maybe overstated, the impact of financial technology on the modern economy is still underestimated. | Innovation  | Payments via Crowdfund Insider The fintech company Banking Circle, focused on offering B2B payment services, launches a new feature: its Dynamic Sender Name will further increase payments flexibility and represent a new solution that simplifies transactions. | Podcasts and Videos  | Cryptos Elon Musk Interviews via TechCrunch This TechCrunch podcast episode covers the interview with Bill Gates on how to avoid climate disaster, the pivotal role of crypto assets in today’s economy, Elon Musk’s skills and much more. | Fintech  | Regulation via City A.M. The founder of the popular fintech company Wise, Kristo Kaarmann, has drawn the attention of the FCA – Financial Conduct Authority – for tax evasion. |  | Predictions via World Economic Forum The World Economic Forum launches the Global Covid-19 Fintech Market Impact and Industry Resilience Study to analyze the impact of Covid on the fintech industry. |
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