Fintech Daily Briefing

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The following is the Fintech Daily Information Briefing on [March 08, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. SFC sets up working group on climate and ESG

On March 4, 2021, the securities and Exchange Commission (SEC) announced the establishment of a special working group on climate and ESG in law enforcement. The working group will be headed by Kelly L. Gibson, Acting Deputy Director of law enforcement, with the remaining 22 members from sec headquarters, regional offices and specific law enforcement agencies. In the future, the working group will effectively coordinate regulatory resources and develop initiatives to proactively identify survey related misconduct.

[2]. British government announces 153 million pound quantum technology investment plan in financial sector

Recently, the British government announced that it will invest US $153 million through the research and Innovation Agency (ukri) to increase the research and development of quantum technology products and services in the field of financial services. It is reported that this is also part of the UK National quantum technologies programme, which aims to provide an investment worth 1 billion pounds in this field within 10 years.

[3]. New Korea bank establishes a test platform for CBDC of the Bank of Korea

On March 8, 2021, Shinhan bank announced that it had cooperated with LG CNS, an it and consulting subsidiary of LG, to establish a blockchain based digital currency pilot platform to help the Bank of Korea issue central bank digital currency (CBDC). “If the Bank of Korea issues CBDC, it will need an intermediary to facilitate its smooth distribution and use,” said an executive at Shinhan bank. In order for Shinhan bank to play its role as an intermediary, we first established a digital currency platform. “

[4]. Stori, a Mexican financial technology company, raised $32.5 million

Stori, a Mexican financial technology company, recently raised $32.5 million, latamlist reported. This round of financing is led by Lightspeed venture partners. Stori launched a digital credit card product in January 2020, hoping to change the way Mexican people are used to cash transactions. Currently, there are more than 1 million users. The company’s main customers are the middle class in Mexico, and plans to use the funds to expand the market among low – and middle-income groups.

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