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Hey fintechers,
This week we look into the Fed new research on risks and promises of stablecoins, BNPL as a new credit card acquisition channel, hundreds of millions stolen from cross-chain protocol Wormhole, the great resignation after Vishal Garg’s return, fintech growing role in healthcare, the reasons behind Latam’s fintech investments boom, plus much more.
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Researchers examine the current ecosystem, and how expansion could affect the stability of US monetary policy. To preserve stability, the report advocates for a two-tiered approach, which would have issuers rely on commercial banks for reserves rather than banking their tokens solely with Fed deposits.
Buy now pay later companies are establishing a: 1) deep history of young consumers’ purchase and repayment activity, and 2) relationships that avoid revolving debt, high interest rates, and punitive fees. That’s not a threat to credit cards—but it is to credit card issuers.
SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management.
If you’ve ever taken out a mortgage, you know how painful and tedious the process can be. In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and brokers.
Wayflyer, a financing platform, using big data analytics and repayments based on a merchant’s revenue activity, announced a $150 million Series B, valuing the Dublin-based startup at $1.6 billion.
Similar to how fintech is scaling vertical SaaS, the pandemic-fueled disaggregation of healthcare has created new players that are taking a page out of the fintech revolution book.
According to a series of etherscan transactions, an attacker has exploited Wormhole, a bridge between the Ethereum and Solana blockchains, for close to $323 million in ETH.
Brazil’s economic downturn may represent an opportunity for Latin America’s newest listed lender to gain market share aggressively despite the riskier environment, the founder and CEO of digital bank Nubank , David Velez, said.
Alessandro Ravanetti- Fintech writer, copywriter & content strategist. Working in the fintech industry since 2011, previously as a founder and now as a consultant. Independent expert with the European Commission and SXSW advisory board member. alessandro.ravanetti@startupdigestmail.com
