243 episodes

The nr1 FinTech news podcast.

Stay up to speed on all the news from the global FinTech space by listening to this daily podcast!

Marcel van Oost Connecting the dots in FinTech..‪.‬ MVO

    • News
    • 5.0 • 1 Rating

The nr1 FinTech news podcast.

Stay up to speed on all the news from the global FinTech space by listening to this daily podcast!

    Polish regulator UOKiK has initiated proceedings against PayPal; & more!

    Polish regulator UOKiK has initiated proceedings against PayPal; & more!

    Join us!
    NEWS HIGHLIGHT
    BlockFi files for bankruptcy as FTX contagion spreads. The crypto lender filed for bankruptcy protection on Monday (Nov. 28), and said it was filing for Chapter 11 bankruptcy protection, indicating it hoped to restructure, continuing operations in the meantime. Link here

    BREAKING NEWS
    Polish regulator UOKiK has initiated proceedings against PayPal over the use of possibly prohibited contractual provisions and says the possible fine could amount to 10% of the company’s revenue. Link here

    Kenya’s Asset Recovery Agency drops money laundering and fraud allegations against Nigeria’s fintech, Kora. The agency stated in its court filing that it had withdrawn its suit in its entirety. Link here

    PayMongo co-founder and CEO Francis Plaza steps down to “pursue other ventures,” the company announced. Isabel Ridad, who was appointed as acting CEO after Plaza’s voluntary leave months ago, will retain her position. Link here

    #FINTECHREPORT
    Open banking standards and PSD3: what you need to know, is a great report by Klarna Kosma, which provides an overview of current developments in open banking. Check it out here

    • 3 min
    Argentina’s Lemon Cash received investment from FTX; & more!

    Argentina’s Lemon Cash received investment from FTX; & more!

    Today’s episode is sponsored by Klarna Kosma. Klarna Kosma is giving you essential open banking connectivity, not to 1 or 2, but 15.000 banks across 27 countries. Providing the base for you to build new payment services and better user experiences your customers will love. Visit kosma.com today, and give your ambitions superpowers!



    NEWS HIGHLIGHT
    Argentina’s Lemon Cash received investment from FTX, revealed CEO Marcelo Cavazzoli, who also confirmed that the company still has its own funds held in the exchange, and although he explained it’s not a significant amount, there is no longer any expectation of recovering the funds. Link here 

    BREAKING NEWS
    Binance deploys $1 billion in an attempt to keep the crypto industry afloat after FTX collapse. In a blogpost, Binance said it will devote $1 billion in initial commitments to a recovery fund which may increase to $2 billion “if the need arises,” they added. Link here

    Assure, a fintech for startup investing, is shutting down. The company did not provide users with a reason for the shutdown, which takes effect at the end of the year. Link here

    #FINTECHREPORT
    Embedded Insurance: The Art & Science of Unselling Insurance, is a research report by Coverager® and PwC that examines the significant opportunities offered by embedded insurance. Link here

    Take a look at this article by Flagship Advisory Partners, which analyzes U.S. BNPL metrics published in Consumer Financial Protection Bureau's “Buy Now, Pay Later: Market Trends and Consumer Impacts Report”. Link here

    Check out Digital banking in The Middle East, a report by BPC Banking Technologies and Fincog that investigates the digital banking market of the Middle East with a particular focus on the countries of the Gulf Cooperation Council (GCC). Link here

    • 3 min
    Moss integrates with Klarna Kosma; & more!

    Moss integrates with Klarna Kosma; & more!

    Join the club
    NEWS HIGHLIGHT
    Moss integrates with Klarna Kosma. Powered by Kosma, Moss customers will have real-time visibility of their liquidity anytime, allowing finance teams to produce more accurate reports. Link here

    BREAKING NEWS

    Revolut CEO at Slush: Tech scene facing ‘hangover’. “We’re back into this swinging mood,” says Nik Storonsky, who expects it will take two or three years for the industry to recover. The CEO believes the venture capital (VC) industry needs to reinvent itself and move away from “crowd - mentality.” Link here

    FTX’s ownership of a U.S. bank raises questions. Farmington State Bank became tied to FTX in March when Alameda Research invested $11.5 million in the parent company of the bank, which has a single branch and, until this year, just three employees. Link here

    #FINTECHREPORT
    Banking and Fintech in 2022. Cornerstone Advisors’ research team put together a compendium of their top research reports from 2022 that reflect the content they believe addresses the key issues, challenges, and opportunities that bank and credit union executives are facing as they head into 2023. Link here

    • 3 min
    FTX processed billions monthly in Africa before going bust; & more!

    FTX processed billions monthly in Africa before going bust; & more!

    Join the club
    NEWS HIGHLIGHT
    FTX processed billions monthly in Africa before going bust. One of the startups affected by the collapse was Nestcoin, which has laid off some employees as FTX’s demise impacted its business according to the information shared in a tweet by CEO, Yele Bademosi. Link here

    BREAKING NEWS
    Afterpay and Zip react to proposed buy now pay later regulations, and share differing opinions on new regulation options put forward by the Treasury will impact the buy now, pay later sector. Link here

    Starling Bank decided to block all card payments to crypto merchants and restrict other outgoing and incoming crypto-related bank transfers, the bank said in a message to customers on Tuesday. Link here

    Lawmakers question SoFi CEO and banking regulators over crypto activity. Four Democrats on the Senate Banking Committee voiced their concern over SoFi’s use of crypto assets given the recent FTX meltdown, and are asking SoFi to respond by Dec. 8. Link here

    • 3 min
    Pipe said it is on the hunt for a “veteran” CEO; & more!

    Pipe said it is on the hunt for a “veteran” CEO; & more!

    Today Jumio is proud to announce the continued evolution of their Jumio KYX Platform with additional features that further enhance their intuitive, one-stop orchestration hub. The KYX Platform provides end-to-end identity proofing, risk assessment, and KYC/AML compliance management to help you fight fraud and financial crime. Learn more at Jumio.com

    NEWS HIGHLIGHT
    Pipe said it is on the hunt for a “veteran” CEO, as the three co-founders are stepping down from their roles as executives of the company in one of the most dramatic management shake-ups seen in the fintech startup world in some time. Link here

    BREAKING NEWS
    ``We're alive and kicking,” said CEO of banking app Dave, expecting to dispel doubts after this year's 97% stock plunge. The CEO also added that the company has enough cash to survive the current downturn for fintech firms and reach profitability a year from now. Link here

    Anti-Woke banking startup GloriFi cancels itself less than three months after its public debut. The company, which missed multiple launch deadlines and had its CEO step down due to misconduct, is citing “reputational attacks'' and “the failing economy”. Link here

    #FINTECHREPORT

    In its latest ‘State of European FinTech’ report, Finch Capital forecasts a period of cooling and consolidation across the FinTech sector, as macroeconomic conditions grow more challenging. Link here

    Qonto: The profitability challenge, is C-Innovation's latest addition to its series of Deep-Dive reports, which reveals Qonto’s success factors, current challenges and what the future prospects look like for the company. Link here

    • 4 min
    FTX and Alameda lost billions before 2022; & more!

    FTX and Alameda lost billions before 2022; & more!

    Today’s episode is sponsored by Klarna Kosma. Klarna Kosma is giving you essential open banking connectivity, not to 1 or 2, but 15.000 banks across 27 countries. Providing the base for you to build new payment services and better user experiences your customers will love. Visit kosma.com today, and give your ambitions superpowers!

    NEWS HIGHLIGHT
    Despite boasting of big profits, FTX and Alameda lost billions before 2022. In a motion filed on November 19, the bankruptcy pros now managing Bankman-Fried’s companies said that the entities’ 2021 tax returns collectively showed a net operating loss carryover of $3.7 billion. Link here 

    Flagship Advisory Partners met with Wilko Klaassen, VP Business Development at Klarna Kosma, Klarna’s newly created open banking business unit, to learn more about Kosma’s perspective on developments in open banking and how Kosma is addressing the challenges in open banking payments and data services. Link here

    BREAKING NEWS
    Crackdown on Afterpay and other buy now, pay later services in Australia. The Federal Government is considering an overhaul of the system in order to protect customers from getting into “debt spirals” as a result of the interest-free credit system. Link here

    Stock trading app Freetrade is reportedly ‘talking to advisors' about a potential funding round or sale. The unconfirmed report could see the low-cost trading app merge with another fintech or seek a further VC round. Link here

    • 3 min

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