FINTECH FRIDAYS With Gadgette
Welcome to FinTech Fridays with Gadgette. For most of us that are on-the-go Monday through to Friday; being busy with our careers, families are other commitments, FinTech Fridays is your dedicated weekly one-stop-shop for all the latest news within the world of Financial Technology and tips on Digital Banking which you may have missed out on.
Samsung X Curve
Level up your money game as Samsung and leading industry expert, Liz from Curve, show you how to boss your finances. From money life hacks, investing in the future and saving more of your hard-earned cash. Join them every Friday until the end of the year as they take you on a financial journey.
Wise X Plaid
Wise struck an open finance agreement with Plaid that will enable Wise's 13 million customers to connect their accounts to thousands of apps. The integration is already live and being used for things such as P2P payments and investment platforms, says Wise. Business customers in the US are using it to send funds to payroll companies, and firms globally are connecting to neobanks, paying credit card bills, and paying taxes.
Binance sees a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies.
Revolut crypto courses have attracted 1.5 million users. Revolut’s new in-app ‘Learn &Earn’ courses reward customers with Dot tokens for improving their knowledge ofcryptocurrencies and related topics, including blockchains.
Senator Elizabeth Warren proposes banning crypto from banks. Warren has sent her fellow senators a letter to persuade them to support her initiative to call for new regulations to withdraw authorisations for traditional financial services that provide crypto services.
Coinbase shares dropped in extended trading after the crypto exchange reported a loss of over$1 billion in the second quarter and missed analysts' estimates for revenue.
Apple Pay is now available in Malaysia with three supporting banks namely Maybank, AmBank Group and Standard Chartered Bank. Malaysia is the second country in South-East Asia, after Singapore, to get Apple Pay.
JP Morgan collaborates with Women in Tech for youth challenges in Singapore.
FinTech Growth Fund
A new £1 billion fintech fund to accelerate the growth of promising UK scale-ups is to be backed by a group of senior industry figures, including Lord Hammond, the former chancellor. The fund has been provisionally named the Fintech Growth Fund.
Capify launched a£40m fund for UK SMEs, to help manage operations through difficult trading conditions.
CreatorDAO raises$20 million, in an ambitious bet on the creator economy. Backers include Andreessen Horowitz and Paris Hilton among others.
Dozens is closing its consumer accounts and shutting down its app as part of a substantial pivot to the company’s business model.
Shopify X Attentive
Shopify and Attentive have teamed up to build on text-to-buy services, enabling consumers to make purchases directly from an SMS conversation with a brand. Built with Shopify’s Shop Pay checkout flow, Attentive’s text-to-buy solution is designed to turn browsers into buyers with a frictionless checkout flow built for mobile devices.
Rakuten is facing a further setback in its plan to launch payments on its Viber messaging appunder the “Viber Pay” brand after the European Union’s Intellectual Property Office (IPO) accepted an application to have its trademark invalidated.
Latam’s remote workers trust crypto more. The sharp depreciation of several currencies in Latin America is driving remote workers in the region to receive more payments in cryptocurrencies, even though the crypto market is also going through a bearish scenario in what has been called a “crypto winter”.
Investment into fintechs with either a female founder or co-founder fell 66 percent between H1 2021 and H1 2022, according to data compiled by Innovate Finance and Pitch Book. In the first half of 2022, £310m was invested into UK female-led fintechs across 20 deals, compared to £0.91bn across 32 deals in 2021.
Yapily launches Virtual Accounts to bring more transparency to real-time payments. Yapily Virtual Accounts enables merchants and payment service providers (PSPs) to create multiple accounts to collect local payments, initiate instant payouts and refunds, and streamline reconciliation - all through a single API.
This ends Your Gadgette FinTech Friday Digest.
Until the next!
All users now have access to Twitter Circle, a tool that enables you to tweet just to a specific group of people. Before a wider release, the platform initially began testing the feature in May among "chosen people."
Following the success of Cambridge University's experiment, Google intends to broadcast adverts that educate consumers about misinformation strategies.