Fasanara Fintech Weekly

Fintech 2.0, Rust Smart Contracts Will Pioneer DeFi 2.0, Fintech's Autumn Budget & Other News




Happy Friday!



In this edition:


  • What is Fintech 2.0? How companies can succeed in The ‘Rebundling’ Age

  • Serving the unbanked: how borderless fintech can deliver global financial inclusivity

  • Solana’s first conference highlights why rust smart contracts will pioneer DeFi 2.0

  • The fintech sentiment: Autumn Budget 2021 and the impact on the industry

  • Digital Lending Platform Market size expected to reach USD 28.65 billion at CAGR of 18.30%, by 2028.




 


What is Fintech 2.0? How companies can succeed in The ‘Rebundling’ Age.



While there’s no single definitive history of fintech since it’s still being written, it’s helpful to think of the original pioneers in the space as Fintech 1.0. These companies varied in size, approach and, ultimately, success. What they had in common was offering targeted solutions to specific pain points like savings, micro-investing, stock trading, peer-to-peer payments, small-dollar cash advances and mobile banking.

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Serving the unbanked: how borderless fintech can deliver global financial inclusivity.



While we find ourselves embracing an increasingly cashless society, it’s still difficult to picture life without having access to a bank account. However, for many adults around the world, the notion of having this level of access to financial management services is still impossible to imagine. The playing field is far from even when it comes to global finance, but emerging fintech may soon help to resolve the problem of the unbanked and monetary inclusivity.


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Solana’s first conference highlights why rust smart contracts will pioneer DeFi 2.0.



The Solana Foundation’s first international conference will be held in Lisbon, Portugal this November 7-10. Breakpoint will be the first event to gather Solana’s builders, partners, and supporters in one place to share ideas and network on a global scale.

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The fintech sentiment: Autumn Budget 2021 and the impact on the industry.



The UK Government announced its Autumn Budget and spending review this week and the fintech industry was captured by chair of techUK's Open Finance and Payments Working Group Louise Beaumont’s article in CityAM that blasted Chancellor Rishi Sunak's plans to slash the bank profit surcharge levied on the UK's biggest banks from eight percent to three percent, describing the action as an act of "self-flagellation" that would significantly damage the UK's fintech industry.


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Digital Lending Platform Market size expected to reach USD 28.65 billion at CAGR of 18.30%, by 2028.



The growth of the market is governed by various factors such as growing demand for consumer electronics and reliable and safe methods for various lending purposes

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Thanks for your time!