Global FinTech | 2022 #38
Weekly news up to Tuesday, September 20th, 2022
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
👨💻 BLOG
Check out this blog article where they go behind the scenes to find out how the Tink tech team tackles the challenges of building a new product.
To give you an idea, data scientists Joacim Strand and Erik Norlander explain the workings of building the affordability assessment product Expense Check.
👉Read the full tink blog article here.
👀 NEWS HIGHLIGHT
Swisscom Ventures has released the updated Swiss FinTech Startup Map for September 2022.
👉 Read the full Fintech News Switzerland article here.
😎 SPONSORED CONTENT
Contis helps organisations unleash their true potential with award-winning, cloud-based Banking-as-a-Service solutions. With Contis you can put next-generation cards, accounts, and apps in your customer’s hands.
📊 INFOGRAPHIC
WealthTech and PayTech services took two spots each on the list of most downloaded FinTech apps in the Netherlands.
👉 Check the full FinTech Global article here.
📰 ARTICLE
Imagine walking into a store to buy something and discovering that the product that you want to buy is out of your budget?
How in3 CEO Hans Langenhuizen is building a socially responsible BNPL scaleup.
👉 Read the full Silicon Canals article here.
💡INSIGHTS
While no list can ever do justice to the exciting number of events that have transpired in the Crypto, DeFi, & the larger Web3 world, this is an attempt by WhiteSight to capture some of the key milestones the community has witnessed over the last ten years.
👉 Read the full article by Sanjeev Kumar here.
💡INSIGHTS
Last week €104m, was raised across 18 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Stripe founders’ fortunes plunge by more than $6bn amid global tech stock meltdown. Link here.
⭐️ TrueLayer announces job cuts of up to 10% of staff. Link here.
⭐️ Web3 has an Identity Problem: Building Decentralized Identity. Link here.
⭐️ TapiX launches payment data enrichment in the Bitpanda app. Link here.
⭐️ Square launches new tech to help restaurant owners do more with less. Link here.
PAYMENTS
Apple iPhone users can now check public transport fares and add transit cards to Wallet as well as check and replenish an existing card balance directly from Maps. Link here.
EBANX is launching in Africa, beginning with Kenya, Nigeria, and South Africa. Link here.
Tipalti is continuing its expansion into Europe following its launch in the UK last year. Link here.
Adyen partnered with Cash App to offer Cash App Pay. Link here. Adyen first to launch Real-Time Account Updater with Visa in Europe. Link here.
The Saudi Central Bank has granted e-commerce payment licenses to Arab Sea Financial Company and Fatoraah, bringing the total number of payment companies licensed by the central bank to 21 companies. Link here.
ECB picks 5 companies to develop prototype user interfaces for potential digital Euro. Link here.
Mollie picked to provide payment services to the conversational commerce platform from Vonage. Link here.
OPEN BANKING
Islamic finance professionals predict regulation of open banking will expand. Link here.
Teenit taps Nordigen for open banking data. Link here.
CRYPTO
Crypto mining could hinder U.S. ability to battle climate change, White House says. Link here.
Klickl is the latest cryptocurrency platform to receive the in-principle approval of the Financial Services Permission from the Abu Dhabi Global Market. Link here.
European crypto app downloads have almost halved from 2021. Link here.
Ethereum is significantly reducing its energy consumption through a change in how it validates transactions on its blockchain. But what will the Ethereum merge mean for payments? Link here.
BLOCKCHAIN / DEFI
The Central Bank of Bahrain has made a bold step to test bitcoin payment processing and payouts solutions in the Kingdom through OpenNode. Link here.
The growth of Decentralized Finance and more recently NFTs exposed Ethereum’s lack of scaling solutions for all to see. Link here.
INVESTMENT
Prospa achieves $3 billion in lending to small businesses and an expecting further growth. Link here.
BBVA Switzerland's New Gen account has received a new digital onboarding process that allows users to verify their identities using selfies. Link here.
Lightyear opens to stocks and ETFs across the UK and Europe. Link here.
MOVERS & SHAKERS
Andrew Hawkins, who previously worked with Zopa, has been recruited as the chief technology and product officer at the ShieldPay. Link here.