Have You Missed the Dashdevs Digest? Buck Up Without Coffee!

Have You Missed the Dashdevs Digest? Buck Up Without Coffee!

As we’ve promised, this weekly digest will provide you with more variety in the news sources. Hope you’ll read every piece of them with gusto! Frankly, this overview has much to tell you about the new startups’ takeoffs and fintech companies’ smart decisions, so get comfy, and let’s go!

The Hottest Discoveries of the Week

Apple Made a Spurt in Attracting Women to Its Card Product

Despite the popular criticism for launching the sexist marketing policies, Apple has got its name back by enlisting the support of female users in using Apple Card. Among the double increased newbies, 80% of customers comprise women. What’s the reason behind it? We suppose the family attachment in work as now Apple cardholders are entitled to invite their family members under the one banking umbrella. Moreover, the card owner has a right to impose spending restrictions on the other card users. Looks like an enhanced family financial literacy! Besides, the young generation can also be inspired by the 3% cashback on Uber, Uber Eats, and T-Mobile, which is a unique market proposal corresponding to the current audience’s demand. But will it be enough to compete with Paypal and Amazon?

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What Did the Pandemic Bring to AML System Operations?

Each year gives new reasons for AML executors to worry whether they meet all the updated regulations fully and successfully. 2021 is no exception, if not a driver of the tenser AML reform focused on subduing the new COVID-related challenges. Among the latter intervention factors, the remote work of analysts, the altered consumer behavior patterns, and the appearance of the new and unknown (to banks) anti-fraud methods should be named first. Still, there’s a high probability that the AI and upgraded robotizing mechanisms will improve the situation by minimizing the fraudulent risks through the future automation of the current manual operations. Another promising tactic is the increased penalties for non-abidance with AML regulatory rules. Keep your fingers crossed for the coming progress!

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The UK Is Bombarded with Cyber Attacks: How To Win the Battle?

You won’t be probably surprised by hearing about the new wave of cybercrimes happening in the UK? In fact, £2.5 billion are stollen by the wrongdoers within 13 months — already more shocking? The solid part of that obtainment was realized under the offer to apply for the coronavirus jab. The fraudsters know your pains or fears and never sleep! And what if we add that the UK is characterized by high regtech standards? What would wait for the rest of the world then? How to prevent from being fooled and robbed?

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Banking Updates You Can’t Ignore

Fedelta Is Looking for Simplicity and Flexibility from Vilja

The Swedish young bank Fedelta decided to make a business partnership with the local banking platform Vilja in an attempt to strengthen their lending assistance for SMEs. This unity is expected to build the set-up system of client data handling during the loan procedures. If every business had cared so much about the smooth automatization of processes, our world wouldn’t have been the same, right?

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A Minute To Read about the Breakthrough Startups of 2021

German Vivid Money, Indonesian Amartha, Tunisian Expensya, and Latin American a55 — have you heard about these promising newbies? If no, we’re here to tell you! Vivid Money is gradually becoming a prominent retail investing and foreign exchange platform, which is planning to expand its sway over the European continent. Amartha is a P2P business with a generous aim to support low-income women in rural areas. Expansya is already known for its quick popularization in 100 countries thanks to the convenient spend management system. As for a55, it’s an up-and-coming lending firm targeted at SMEs in Brazil and Mexico. Would you like to be the next on the list?

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Is Your Team Digital-Savvy? A New Requirement for Banking Success

The current research made by the MIT Sloan Management Review continues to fuel the lively debate over the digital intelligence of team management. According to its findings, the company’s revenue is expected to be doubled in case the condition is met, while the analysis of the banking industry shows a rather disappointing tendency — only 10% of incumbent financial organizations make purposeful efforts on that. Consequently, it’s evident that the financial firms should raise their digital literacy, starting with the company’s core nucleus and moving to the entire team. And how good are you in this on a scale of 1 to 10?

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Fresh Fintech Success Cases to Be Inspired

A Canadian Star in the Wealth Management Sector — Who’s This?

We’re talking about Wealthsimple, a Toronto-founded project that has proved to work well not only in Canada but also in the US and UK setting. Recently, the company caused a stir by earning 7 times more income in 7 months. Incredible! Sounds like an idea of investing in the startup isn’t bad at all. The Canadian users seem to be not lesser satisfied with the tax-filing opportunity provided by Wealthsimple. And though it doesn’t have a trading option, like its rival Robinhood, the startup does an excellent job even without it.

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Is the UK Startup Curve Showing Fishy Results or Not?

On the one hand, Curve’s valuation in the market has augmented 3 times since 2019. On the other hand, however, its constantly growing losses beg the question over its further sustainability and steady progress. What’s your opinion on the company’s two-folded nature of achievements? Will it rock further or show the abrupt revenue decrease?

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Visa Finally Said “Yes” To the Crypto Adoption

Visa has overcome the long path till the agreement on supporting the cryptocurrency movement for its card owners. For sure, this decision appears to be timely when considering the latest performance of crypto investing in the market as well as users’ increased resort to digital crypto wallets and online exchange services. For Tala, a financial services provider, who will be cooperating with Visa on this matter, it should open the door for remittance costs reduction. At the same time, Visa is seeking the opportunity to compete and surpass the performance of crypto-limited opponents. Convincing enough, isn’t it?

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