Fintech Daily Briefing

Fintech Daily Information Briefing on [April 22, 2021]

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The following is the Fintech Daily Information Briefing on [April 22, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Strive Bank launches the first child friendly encrypted piggy bank

Recently, strive Bank launched the world’s first child friendly piggy bank, Penny the pig, which is related to cryptocurrency wallets. The piggy bank is suitable for children over five years old. It aims to teach children to develop responsible money habits and investment.

[2]. Visualized management of financial data, datarails, an Israeli start-up company, completed financing of US $18.5 million

According to tech in Asia, datarails, an Israeli financial technology platform, has completed a $18.5 million round a financing led by Zeev ventures. Datarails is committed to helping enterprises optimize the financial management process, collect and visualize the financial data scattered in the enterprise, so that the financial team can use the data more conveniently. In 2020, the company’s annual operating revenue has increased fivefold.

[3]. The U.S. House of Representatives passed a bill requiring financial regulators to set up a working group on digital assets

The U.S. House of Representatives has passed several bipartisan legislation, including on digital assets, according to a news release released by the House Financial Services Committee on Tuesday. This act is known as the remove barriers to innovation act 2021 (H.R. 1602). The legislation aims to set up a working group on digital assets composed of representatives from the securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The primary objective of the legislation is to determine when the SEC has jurisdiction over digital assets when they are regarded as securities, and when the CFTC has the final say when digital assets are classified as commodities. Under the terms of the bill, the U.S. Congress will set up a working group within 90 days of the bill’s passage.

[4]. Data analysis on acquisition of credijusto, a Mexican SME lending platform

On April 21, 2021, credijusto, a small and medium-sized enterprise lending platform based in Mexico, announced the acquisition of data analysis pioneer. According to credijusto, visor’s analysis data covers at least 15000 enterprises in Latin America, and more than 40 financial institutions, market platforms and large enterprises use these data for business risk analysis. Credijusto believes that visor’s data analysis ability can help it better solve the problem of market efficiency in Mexico’s banking service system, and provide more high-quality financial products for SMEs, the backbone of Mexico’s economy.

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