JULY 7, 2021
4 min read
Are you dying to find out the freshest fintech news of the passing July? Would you like to become a pro in fintech and second-guess the banking changes before they actually happen? No need for having a gift of clairvoyance! Just stay with us, and we’ll teach you all the magic!
Breaking Crypto News of the Week: 07.26 - 07.30
Eesti Pank Has Found the Solution for Blockchain Issues!
The profound research has finally allowed the Estonian bank to built the digital euro on blockchain technology. The previous challenges, including high energy spendings and limited payment procedures, are already in the past. As a result, Eesti Pank is ready to provide its clients with quick digital euro transactions under significantly reduced energy costs and moderate environmental damage. The test experiment was held successfully, so users from Estonia, Spain, Lithuania, and Latvia would soon be the lucky ones!
£180m Crypto Seizure Opens Up a New Crime Investigation in the UK
Though the UK police have the obvious reason for being proud, the cryptocurrency owners are now stressed out because of anonymity and security violations under the digital assets’ reputation. The new case of serious money laundering on the international scale — £180m — provokes new doubts on the part of users who are thinking to invest their money in crypto. So, is it better to look for the other types of capital employment?
How Can A Positive Comment Change the Crypto Value?
Elon Mask’s comments are always in the limelight, affecting not only the crypto users’ perception of the digital assets but also their value in the global market. Namely, his recent announcement of Bitcoin’s comeback to Tesla, which is linked to the energy use discovery, has ensured the currency’s rise up by 12.5%. The same concerns Etherium, which has also shown its peak during the last 3 weeks. The insider’s claim on Amazon’s acceptance of Bitcoin payments till the end of 2021 also stirs things up. But do you truly take it at face value?
Future Fintech Predictions: Check Out Your Gut Feeling!
Facebook Is Known for its Investment in VR, but What’s Next?
Have you heard about Roblox or Fortnite? Or have you ever read Snow Crash or maybe watched its movie version? If yes, you’ll catch the meaning of Facebook’s ‘metaverse’ in a sec? Imagine a community of gamers who are fond of virtual and augmented reality. What’s required for that on your side? Only special devices, like headsets and glasses, and your imagination turned on. That’s exactly what Facebook’s product team is working for the sake of your easy plunge into semi-real or semi-virtual dimension and having fun. Are you thrilled to try?
VRPs and Sweeping: A New Prospect in UK Open Banking?
Half a year, 9 biggest UK banks, and open banking — do you know how to put these parts of one puzzle together? The glue here is called ‘sweeping,’ which refers to the automatic transfer of finances between the user’s savings and investments accounts. All this happens thanks to the APIs and VRPs, which are the guarantee of time-saving and no manual procedures required. Isn’t it a surefire way to developing strong savings habits among UK users?
Data Science: What Can It Suggest to Investors and Asset Managers?
What’s meant by EDS? In simple words, Equity Data Science is the attempt at solving the data availability issues and its further integration within the business environment. It’s a platform with in-built analytics that is designed for the investment process and simplified communication between the clients and the data science team. In their turn, the asset managers are deciding on talent investing to narrow the scope of priorities and subsequent costs. In the end, every involved party is aware of the decision-making — isn’t that a perfect ‘democratization’ tool?
Companies’ Advances and Hardships That Worth Your Attention
Sila Is Joining the API-based Race with $13m in Series A Funding
Putting part of the burden away from the clients’ shoulders is always the right step towards revenue generation and brand recognition. In this light, Sila has moved in the right direction by offering simple-to-use and scalable money storage and transfer services. By identifying the hard access to the US banking system as the major deal-breaker, Sila has quickly become a hit in the payments sphere and drove the inspired investors into its product growth. Isn’t that an example to follow?
Quantexa Confidently Walks in the UK, US, and Australian Markets
What’s the story behind its success? Everything is simple: the company shields the other firms from financial crime risks. Can something be more valuable at the time of the increased digital fraud attacks? Just give your customers the thing they desperately need, and you’ll be golden! Recently, Quantexa gained a $153m investment, so the further growth of AI and big data is expected to flourish under its umbrella.
Google Is Called for More Transparency in Search Results
As everyone relies on Google as the major information search center, the requirements for the accuracy of its internet results are also high, if not taking up a notch. The EU consumer authorities have traced the favor for traders in Google’s Google Flights and Google Hotels services, which raises the question of the search engine’s misleading attempt. What an audacity in terms of EU customers’ service! The sanctions will be imposed unless Google gets all prices to display loud and clear in 2 months.
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