Fintech Radar

Fintech Radar covers updates in financial technology, focusing on product launches, investment trends, regulatory changes, and strategic moves by companies. It highlights advancements in peer-to-peer payments, cryptocurrency, blockchain, app functionalities, regulatory impacts, and venture capital interest, showcasing a comprehensive overview of the global fintech landscape and its evolving nature.

Peer-to-peer Payments Cryptocurrency and Blockchain Financial Regulation Banking Technology Innovations Venture Capital in Fintech Digital Wallets and Payments Artificial Intelligence in Fintech Open Banking Buy Now Pay Later Services Fintech Mergers and Acquisitions

The hottest Substack posts of Fintech Radar

And their main takeaways
18 implied HN points 17 Jan 24
  1. Twitter (X) plans to introduce peer-to-peer payments, a logical starting point given its large user base and commerce opportunities
  2. Revolut's HR platform, Revolut People, attracts over 300 companies to its waitlist, surprising with strong interest in the offering
  3. Mastercard is developing an AI tool for small businesses, showing a cautious approach amid a potential trend towards more AI-focused innovations in the market
6 implied HN points 28 Feb 24
  1. Capital One's acquisition of Discover for $35.3 billion aims to boost competitiveness in the payments network but may face regulatory challenges due to concerns about bank consolidation.
  2. Monzo's potential £4 billion valuation in a funding round signifies ongoing investor interest in neobanks adapting to profitability and growth in the consumer fintech market.
  3. FairMoney's talks to buy Umba in a $20 million deal show a trend of consolidation in fintech markets like Africa, where companies navigate challenges to serve a growing demand for digital financial services.
6 implied HN points 22 Feb 24
  1. Revolut ventures into telecom by introducing phone plans in the UK with eSIMs, aligning with its all-encompassing super app vision.
  2. FIS partners with Banked to offer pay-by-bank solutions, a move towards A2A payments that could challenge traditional card schemes.
  3. Temenos faces allegations from Hindenburg Research, highlighting the challenges in large corporate tech transformations and the need to address accusations.
14 implied HN points 10 Jan 24
  1. Visa introduces a Web3 loyalty program to reward customer interactions.
  2. HSBC launches a forex app named Zing to compete with fintechs like Revolut and Wise.
  3. Consumer advocates file complaint against Starbucks app, alleging deceptive practices in trapping customers to spend more.
6 implied HN points 07 Feb 24
  1. Apple Card has over 12 million users and provided $1 billion in cashback rewards last year, showing challenges in acquiring users for embedded financial services.
  2. Fintech Ramp's acquisition of Venue highlights the competition in SMB banking to be a central hub for financial operations.
  3. Mastercard introduces Decision Intelligence Pro, using Gen AI to enhance transaction risk assessment, indicating the potential for Gen AI in compliance within the fintech sector.
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6 implied HN points 31 Jan 24
  1. PayPal failed to impress the market with its new features, losing momentum after an initial spike in stock value.
  2. TikTok is testing a feature to make every post shoppable, aiming to boost its e-commerce business with enhanced shopping experiences.
  3. Klarna introduced a $7.99 subscription plan 'Klarna Plus' to generate recurring revenue as it gears up for its IPO, reflecting mixed opinions on the BNPL industry.
2 implied HN points 15 Feb 24
  1. The acquisition of Onfido by Entrust indicates the evolving landscape of KYC beyond financial services, with the expansion of AI/ML-based verification technology to various sectors.
  2. JPMorgan's decision to open 500 new branches seems counterintuitive in a digital age; however, it presents a unique opportunity to invest in physical presence amidst industry trends of branch closures.
  3. MEPs implementing rules for Euro transfers to arrive within 10 seconds will likely stir industry activity to meet this requirement and may impact how charges are structured for instant transactions.
8 implied HN points 29 Nov 23
  1. Governments are tightening regulations on BNPL services, impacting fintech firms.
  2. Consumer-facing fintech startups face challenges in a crowded market, leading to pivots.
  3. Nubank's innovative offering of transferring credit card limits for personal and business use showcases opportunities in fintech.
6 implied HN points 06 Dec 23
  1. Aussie banks unite to combat scams and improve security measures for customers
  2. Robinhood expands into the UK with commission-free trading offering for US-listed stocks
  3. Apple and Goldman Sachs seem to be parting ways as Goldman Sachs shifts focus away from retail banking
8 implied HN points 31 Oct 23
  1. Elon Musk plans to turn Twitter into a financial app called X by 2024.
  2. Monzo is in talks to sell a stake in the company worth over £300m to prepare for an IPO.
  3. JPMorgan's JPM Coin handles $1 billion in daily transactions, showing slow but significant growth in blockchain-based financial infrastructure.
6 implied HN points 22 Nov 23
  1. Wise reported impressive financial results for H1 2023 with quadrupled pre-tax profits, showing success in expanding beyond peer-to-peer money exchange.
  2. Adyen launched Capital in Australia, recognizing the growing demand for embedded financial services in platform businesses.
  3. Mastercard received approval for bankcard clearing in China, a big step to settle transactions directly and establish presence in the Chinese market.
6 implied HN points 24 Oct 23
  1. CFPB is proposing a rule to accelerate the shift towards open banking for consumer data control and protection.
  2. Australia is planning to regulate cryptocurrency exchanges by requiring them to hold financial licenses.
  3. Goldman Sachs is regretting its Apple Card partnership due to financial challenges and is considering exiting consumer lending.
6 implied HN points 02 Oct 23
  1. Apple introduces feature allowing UK users to view bank account balance via Apple Wallet using Open Banking APIs.
  2. Ant Group expands payment ecosystem for Asian e-wallets through Alipay+ Program, enabling seamless mobile payments.
  3. Nova Credit partners with HSBC UK to offer credit card for immigrants, leveraging international credit history for new customers.
8 implied HN points 22 Aug 23
  1. The UK is investing heavily in late-stage fintech startups with a £1 billion fund.
  2. Investors are cautious about valuing FinTech companies due to global economic concerns.
  3. Nubank has achieved record revenue growth and increased customer base, while BitGo has secured a significant funding and valuation.
6 implied HN points 04 Sep 23
  1. Elon Musk's X obtaining licenses in multiple U.S. states to process payments, entering into the fintech space.
  2. UK experiencing a surge in open banking payments, with significant growth in single domestic payments.
  3. Hallmark and Venmo partnering to allow sending money in physical greeting cards, showcasing embedded finance innovation.
4 implied HN points 11 Sep 23
  1. Visa expands stablecoin settlement capabilities by partnering with merchant acquirers, facilitating instant payment authorizations.
  2. Temenos introduces a generative AI tool to automatically classify customer banking transactions, potentially revolutionizing banking processes.
  3. ThetaRay raises $57M for AI tools to fight money laundering, showcasing the increasing importance of compliance-focused startups in fintech.