Fintech Daily Briefing

Fintech Daily Information Briefing on [May 07, 2021] is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. At the same time, we also provide daily information briefings on financial technology. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the Fintech Daily Information Briefing on [May 07, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. Federal Reserve investigation: cryptocurrency or stable currency is regarded as potential risk of financial stability by some professionals

According to a survey in the latest federal reserve financial stability report, more and more brokers, investors, political advisers and scholars regard cryptocurrency and stable currency as potential threats to the stability of the existing financial system. About 20% of the 24 professionals contacted by the Federal Reserve listed “cryptocurrency or stable currency” as a potential risk to financial stability. The highest risk mentioned in the survey is “change in vaccine resistance”, followed by “sharp rise in real interest rates” and “surge in inflation”. It is worth noting that the Fed staff did not mention cryptocurrency in their own risk analysis. In the last report released by the Federal Reserve in November last year, there was no mention of cryptocurrency or stable currency.

[2]. Singapore launched the sixth financial technology hacker accelerator project, focusing on Green Finance

On May 6, 2021, the monetary authority of Singapore (MAS) announced the launch of the sixth global fintech hacker accelerator. The event, supported by Oliver Wyman, aims to promote the development of green finance in Singapore and the whole Southeast Asia with the theme of “harnessing technology to power green finance”. It is reported that more than 50 questions were collected through consultation with financial institutions and green finance practitioners. It is hoped that global institutions participating in the event will submit innovative solutions for green finance development in three aspects: capital mobilization, commitment monitoring and impact assessment. According to the schedule of the event, up to 15 organizations will enter the semi-finals stage. They will develop customized prototypes of solutions on apix, and each of them will receive funding support of S $20000. In November 2021, the HKMA will announce the list of the three winning institutions during the annual Singapore Financial Technology Festival, and each institution is expected to receive a bonus of S $50000. The event has been open for application, and the deadline is June 11, 2021.

[3]. Brazil insurance technology platform 180 ° US $8 million seed round financing

May 5, 2021, Brazil insurance technology platform 180 ° It announced that it will obtain US $8 million seed round financing, with canary, dragoner investment group, rainfall ventures and other institutions leading the investment. one hundred and eighty ° Founded in 2020, it adopts the business model of “insurance-as-a-service”, hoping to change the sales and consumption mode of insurance market in Latin America.

[4]. Latin American cross border payment platform dlocal submits US IPO application

Dlocal, a Latin American cross-border payment platform, has secretly submitted an IPO application in the United States, according to people familiar with the matter, according to a report by Bloomberg. The Uruguayan based company is working with banks such as JPMorgan Chase and is likely to go public as soon as this year, a person familiar with the matter said. It is reported that dlocal will be valued at more than $5 billion after listing. A dlocal spokesman and JPMorgan declined to respond to the news.

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