Fintech Daily Briefing

Fintech Daily Information Briefing on [April 21, 2021]

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The following is the Fintech Daily Information Briefing on [April 21, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Diem plans to launch a single currency stable currency pilot linked to the US dollar in 2021

Diem, a stable currency project initiated by Facebook, plans to launch a single stable currency pilot linked to the US dollar in 2021, according to people familiar with the matter. This pilot project is small in scale and mainly focuses on transactions between individual consumers. The details have not yet been disclosed. Users can also choose to buy goods and shopping. However, the start-up date of the pilot has not yet been determined. In addition, Diem is now negotiating with the Swiss financial regulator for a payment license.

[2]. South Korea strengthens the support of “debtor assistance program” to promote the development of Inclusive Finance

On January 28, 2020, South Korea launched the “debtor assistance program” to provide free legal aid to victims of illegal debt collection and usury borrowers. In 2020, 632 people from 1429 cases applied for this assistance, and eventually the Korean legal aid company (klac) provided legal aid to 915 Cases. On April 19, 2021, the South Korean Financial Services Commission (FSC) announced that government departments will continue to increase support to improve the accessibility of legal aid to meet the needs of inclusive financial development in South Korea.

[3]. New family sharing function of Apple credit card

On April 20, 2021, apple held this year’s spring press conference. In addition to some new hardware products, Apple also announced some new features of Apple card, a credit card product. In the future, couples, partners or other family members can use an apple card account together to share credit lines, build credit records, pay bills together and learn about each other’s spending history. It is reported that the new function of “Apple card family” is expected to be officially launched in the US market next month.

[4]. HKMA appoints heads of sustainability and technology

On April 19, 2021, the financial conduct authority (FCA) announced the appointment of Sacha sadan as its head of environmental, social and Governance (ESG) affairs. In the future, Sacha sadan will be responsible for leading FCA in promoting sustainable financial development in the UK, ensuring the long-term stable operation of enterprises, normal operation of the market and providing necessary protection for consumers. In addition, to ensure efficient and rapid decision-making, FCA also appointed Ian Alderton and Ian Phoenix as its CIO and head of intelligence and digital business on the same day.

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