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According to a report by Qatar Financial Centre and Refinitiv, investors stashed $30.4B in global fintech investments in the first 9 months of 2020.Despite 2020 being characterized by economic chaos and market crashes, investors still managed to invest $30.4B in the fintech industry according to the Qatar Fintech Report 2021.
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Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.”Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring
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Since its cypherpunk beginnings, the blockchain industry has long positioned itself as something on the fringe of mainstream. Yet, today, distributed ledger technology experiments by governments, financial institutions and global corporations and broader digital asset adoption has reached a fever pitch.Pandemic aside, 2020 has been a year of tremendous growth
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The Fintech sector will remain to expand and fine-tune in forthcoming years. To be more reliable and satisfy clients, this sector will develop at a much greater pace.Fintech has revolutionized the idea of the way customers obtain their investments. From a mobile payment application to insurance and finance businesses, financial
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BONDED.FINANCE successfully closed its Private Sale round, raising $2.25 million USD in less than a week. The public sale offering will take place on November 15th.On average, worldwide interest rates have trended down; with the majority of Europe offering negative interest on saving accounts while the US hovers at close
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The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market. Filed in a Northern California federal court, the lawsuit described Visa as a “monopolist” in
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Everyone agrees: Financial infrastructure is broken. We need a way to make cash flows deterministic. We should be able to set rules around trades and transfers. We should be able to do this without bloated back offices performing manual reconciliations and without requiring developers to integrate across an entire fragmented
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The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source
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CryptoX is partnering with DC Fintech Week, one of the world’s premier policy and regulation-focused digital currency conferences, to produce a special edition of CryptoX Live. The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, the Bank for International Settlements, the U.S.’ Commodity Futures
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Besides its base annual interest rates given to American savers, Europe’s fifth most valuable fintech Revolut has awarded the savers additional bonus.On Thursday, Revolut announced that American savers would benefit from a brand new 4.5% “bonus” on top of the base annual rates of interest they enjoy. Payouts are given
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