Fintech Daily Briefing

Fintech Daily Information Briefing on [April 19, 2021]

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The following is the Fintech Daily Information Briefing on [April 19, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. German digital bank n26 enters into insurance industry and first introduces smart phone insurance

In mid April 2021, the Berlin based digital bank n26 announced its entry into the insurance industry. Through cooperation with simpleinsurance, an insurance technology venture, n26 will take the lead in launching smartphone insurance in the German market, covering various situations such as equipment damage and loss. Users can purchase the service directly in n26 mobile program, charging about 6 euro per month. In the future, n26 plans to cooperate with more institutions and launch insurance products covering family, life, travel, pets and other fields in the next few months.

[2]. Rivian, Amazon’s electric car maker, will set up its own insurance company

Rivian, Amazon’s electric car maker, will set up its own insurance company to offer insurance services in 40 U.S. states, techcrunch reported. Rivian said it would provide customers with “tailor-made” insurance services. Drivers can choose to use the services provided by rivian electric vehicles to reduce the premium. The more times they use the services, the lower the premium will be.

[3]. New members are added to South Korea’s regulatory sandbox, involving identification, digital real estate investment and other fields

On April 14, 2021, the South Korean Financial Services Commission (FSC) announced that it would add three new members to its “innovative financial services regulatory sandbox program”. The three projects are as follows:

[4]. South Korea has decided to crack down on illegal transactions in encrypted assets from this month to June

As the possibility of using bitcoin and other cryptocurrencies (virtual assets) to carry out money laundering, fraud and other illegal activities increases, the South Korean government has decided to launch the crackdown on illegal transactions in cryptocurrencies from this month to June. According to the state affairs coordination office on April 19, the government made the decision at a meeting on virtual assets held on April 16.

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