Fasanara Fintech Weekly

Deep Dive Into Cross-border Payments, Compliance In Fintech Future, Improving Consumer Credit & More




Happy Friday!



In this edition:


  • ‘A deep dive into cross-border payments’ released by MENA fintech association

  • How Cryptocurrency and DeFi can do good in the world

  • How to prepare your compliance department for the fintech future

  • JPMorgan, Goldman dive deeper into Crypto, DeFi amid market turmoil

  • Improving consumer credit: A deep dive into the FCA’s recommendations for Fintech.




 

‘A deep dive into cross-border payments’ released by MENA fintech association as v.2 of SHIFT report.



The MENA Fintech Association (MFTA), a voice of the region’s fintech community, has published the second volume of its SHIFT report. The first volume, ‘SHIFT – MENA Payments Landscaping’, was published earlier this year and contained everything a fintech needs to know about the region’s payments sector. In continuation to that, MFTA released the second volume titled ‘A Deep Dive into Cross-Border Payments’, a comprehensive report co-authored by M2P Solutions and Mastercard on the cross-border payment landscape in the MENA region.


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How Cryptocurrency and DeFi can do good in the world.



Perhaps Advocates like chess master Garry Kasparov argue for cryptocurrency's value beyond markets.

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How to prepare your compliance department for the fintech future.



Financial Technologies (fintechs) are quickly expanding to all industries and their products and services will continue to permeate most businesses regardless of size. It is abundantly clear that Fintech is no longer an innovation reserved only for financial services. In fact, almost all organizations will become fintechs in some way, in the near future. For example, Verizon and other retailers are creating “neobanks” that will allow customers to open a bank account, while smaller companies are partnering with payment processors to give their customers mobile payment options.


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JPMorgan, Goldman dive deeper into Crypto, DeFi amid market turmoil.



Two major Wall Street banks revealed moves into cryptocurrency derivatives and decentralized finance (DeFi) over the weekend that could be seen as a vote of confidence just when the crypto industry needs one most.


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Improving consumer credit: A deep dive into the FCA’s recommendations for Fintech.




According to an FCA survey, in 2020, 81% of UK adults had used a form of regulated credit within the last 12 months. As consumers move away from traditional, regulated forms of credit (like credit cards), how is the unsecured credit market shaping up?


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Thanks for your time!