Fasanara Fintech Weekly

Open Banking Regulatory Committee, NFTs on Instagram, Egyptian Fintech Innovation Fund & More




Happy Friday!



In this edition:


  • Competition watchdog to unveil open banking regulatory committee after fintech pressure

  • What impact will incorporating NFTs into Instagram have?

  • Egypt state banks setting up $85 million fintech innovation fund

  • Despite declines, the value of crypto assets in DeFi protocols is up 3x from a year ago

  • Robinhood ups fintech competition with new debit card launch.




 


Competition watchdog to unveil open banking regulatory committee after fintech pressure.



The competition watchdog is set to unveil a new committee of regulators tomorrow to oversee the rollout of open banking technology, after sustained pressure from fintechs to speed up its decision making, City A.M. has learned.

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What impact will incorporating NFTs into Instagram have?



Steve Mitobe, CEO and Founder of WestCoastNFT, spoke to FinTech magazine about the NFT industry and how it is expanding into social media platforms.


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Egypt state banks setting up $85 million fintech innovation fund.



Egypt's three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, venture capital firm Global Ventures, a partner in the fund, said on Sunday.


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Despite declines, the value of crypto assets in DeFi protocols is up 3x from a year ago.




Total DeFi TVL is off 16% from peak, but market players argue it's just a bump on the way to growth


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Robinhood ups fintech competition with new debit card launch.



Robinhood Markets Inc on Tuesday launched a new debit card that would allow spare change investing as it looks to expand beyond trading and into more consumer finance verticals, heating up competition with fintech giants Chime and PayPal.


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