Fintech news feed

Here's a curated fintech news feed for you:

Top Stories

  1. Revolut Launches Cryptocurrency Trading: Digital banking app Revolut has launched cryptocurrency trading, allowing users to buy, sell, and hold major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. (Source: The Verge)
  2. Stripe Acquires Paystack: Stripe, a leading online payment processing platform, has acquired Paystack, a Nigerian fintech company that provides payment solutions to businesses in Africa. (Source: TechCrunch)
  3. Mastercard Launches Blockchain-Based Cross-Border Payments: Mastercard has launched a blockchain-based platform for cross-border payments, aiming to reduce costs and increase efficiency for international transactions. (Source: Finextra)

Regulatory Updates

  1. SEC Proposes New Rules for Digital Asset Exchanges: The US Securities and Exchange Commission (SEC) has proposed new rules for digital asset exchanges, requiring them to register with the agency and comply with anti-money laundering and cybersecurity regulations. (Source: Coindesk)
  2. European Parliament Approves PSD2 Directive: The European Parliament has approved the revised Payment Services Directive (PSD2), which aims to increase competition and innovation in the European payments market. (Source: The Financial Times)
  3. China's Central Bank to Launch Digital Currency: The People's Bank of China (PBOC) is set to launch a digital currency, known as the Digital Currency Electronic Payment (DCEP), which will be used for domestic and international transactions. (Source: Bloomberg)

Innovations and Startups

  1. N26 Launches Mobile-Only Banking in the US: German fintech company N26 has launched its mobile-only banking service in the US, offering users a range of financial services, including checking and savings accounts, credit cards, and investment products. (Source: The Wall Street Journal)
  2. Robinhood Launches Cryptocurrency Trading: Robinhood, a popular online brokerage firm, has launched cryptocurrency trading, allowing users to buy, sell, and hold major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. (Source: CNBC)
  3. Tandem Launches AI-Powered Credit Scoring: Tandem, a UK-based fintech company, has launched an AI-powered credit scoring system that uses machine learning algorithms to assess creditworthiness and provide personalized credit scores. (Source: Finextra)

Industry Insights

  1. Fintech Investment Reaches Record High: Fintech investment reached a record high in 2020, with global funding reaching $135 billion, according to a report by KPMG. (Source: KPMG)
  2. Digital Payments to Reach $6.6 Trillion by 2025: The global digital payments market is expected to reach $6.6 trillion by 2025, driven by the increasing adoption of mobile payments and contactless transactions. (Source: ResearchAndMarkets)
  3. Fintech to Create 1 Million Jobs by 2025: Fintech is expected to create over 1 million jobs by 2025, according to a report by Accenture, as the industry continues to drive innovation and growth in the financial services sector. (Source: Accenture)

Stay tuned for more fintech news and updates!