The Week in Fintech
Credit: Getty Images

The Week in Fintech

My top three fintech news from the last week and why.

Britain cracks down on crypto marketing amid boom of celebrity endorsements

Britain’s financial watchdog the Financial Conduct Authority (FCA) plans to introduce measures to curb marketing of crypto assets and other high-risk ivestments. This comes amid a rise in crypto advertising and endorsements by celebrities. There has been a surge in investment scams since the pandemic began, particularly via social media. The regulators also expressed concern that consumers were merely clicking through and accessing high-risk investments without understanding the risks. ?This move comes amid a legal crackdown on celebrities such as Kim Kardashian and Floyd Mayweather who are currently facing lawsuits for allegedly misleading investors through their promotion of crypto tokens. Regulating cryptocurrency promotion is essential to some extent as all such advertising must convey the risks and relevant information to consumers so they can make an informed investment.


Facebook and Instagram may allow users to create, showcase, and sell NFTs

Meta, the parent company of Facebook, may soon allow users to produce and sell non-fungible tokens (NFT) in an attempt to cash in on the digital collector craze. The proposed new features will allow users to display their NFTs on their social profiles and also include a marketplace feature that will enable users to create and sell digital assets. This news comes after Reddit announced the launch of its collection of NFT avatars and Twitter revealed plans for users to authenticate their profile pictures using NFTs. Social media’s increasing adoption of NFTs not only indicate the booming popularity of digital tokens but could make NFTs more accessible to a broader, mainstream audience.


?“Hitched” a new, niche digital bank launched to cater to newlyweds

Iroquois Federal, a financial institution in the U.S and banking tech vendor Nymbus, are launching a stand-alone, digital bank called “Hitched” to cater to the financial needs of newlywed couples. Its services include a joint checking account with a debit and (optional) credit card, and a shared financial dashboard to visualise, set and track mutual savings goals, as well as manage everyday spending and work towards shared goals. It will also provide financial education to build a secure financial future, at every stage of the couple’s life. This interesting venture shows the potential for niche banking to tap into various market gaps that traditional financial institutions may not be able to cater to, due to lack of flexibility and data-driven audience insights.?


要查看或添加评论,请登录

Raja Gopalakrishnan的更多文章

  • The Week in Fintech

    The Week in Fintech

    My recap from the last week in fintech. Ukraine crypto donations pour in after Russian invasion As crypto donations…

    1 条评论
  • The Week in Fintech

    The Week in Fintech

    My top three fintech news of the last week and why. How Crypto.

  • The Week in Fintech

    The Week in Fintech

    A recap of the last week in fintech. 23-year-old Texans made $4 million mining bitcoin off flare gas from oil drilling…

  • The Week in Fintech

    The Week in Fintech

    A round-up of fintech news that stood out from the last week. South Africa Reserve to get conservation funds from…

  • The Week in Fintech

    The Week in Fintech

    Last week's most interesting fintech developments and why. Beatles memorabilia up for virtual auction John Lennon’s son…

  • The Week in Fintech

    The Week in Fintech

    My top three highlights from the last week in fintech Gen Z investors shift focus from 'meme-stocks' to the…

  • The Week in Fintech

    The Week in Fintech

    Some highlights from the fintech world over the past week Boost for Blockchain in China as Xinhua to Issue Photos as…

  • The Week in Fintech

    The Week in Fintech

    My highlights from the past week in fintech. Latest Fintech news from this week: Stablecoins Steal the Limelight From…

  • The Week in Fintech

    The Week in Fintech

    Highlights from the fintech world over the last week 7 In 10 Microbusinesses Prefer to do Business With Firms That…

  • The Week in Fintech

    The Week in Fintech

    The three fintech news that stood out from last week. Why New York Community Bank is minting stablecoins The New York…

社区洞察

其他会员也浏览了