Fintech Daily Information Briefing on [November 16, 2020]
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The following is the Fintech Daily Information Briefing on [November 16, 2020] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Santander plans to cut 4000 jobs and close 1000 branches in Spain
The financial giant Santander bank plans to close 1000 branches in Spain and cut 4000 jobs, which is 14 percent of its local market employees, two people familiar with the matter said Friday. Santander bank did not respond to this. The record low interest rates and the economic downturn caused by the new crown epidemic have forced European commercial banks to take measures to reduce costs. At the end of october2020, Santander announced that it would cut costs by about 1billion euros in the European market by 2022 and planned to lay off jobs in Spain, Portugal, the UK and Poland.
[2]. Attracting global technology talents, Singapore launches tech pass work pass program
On November 12, 2020, the Singapore economic development board (EDB) announced the launch of the tech. pass work pass program, hoping to attract more founders, leaders and technical experts with rich experience in the field of science and technology, so as to contribute to the development of Singapore’s science and technology innovation ecosystem. It is understood that tech. pass holders can start or operate businesses in Singapore, become investors, employees, consultants or directors of Singapore enterprises, and provide lectures for start-ups and universities. Tech.Pass The application will be opened in January 2021, with an initial quota of 500, and the pass is valid for two years. Applicants are required to meet at least two of the following three requirements, including 1) a fixed monthly salary of at least s $20000 last year; 2) at least 5 years of leadership experience in a technology company with a valuation of at least US $500 million or at least US $30 million in financing; 3) at least 5 years of technical product development experience with a monthly active user of at least 100000 Or generate at least $100 million in revenue. There is also an opportunity to renew the pass after it has expired, which is still valid for two years.
[3]. Promoting gold into the global payment system, British start-up glint pay received 2.5 million pounds of financing
Glint pay, a UK based financial technology start-up, was established in 2015 to reintroduce gold as a currency into the global payment system. In 2018, the company released its mobile app and MasterCard with the same name, allowing users to purchase, sell, store and consume physical gold in their accounts through its platform. In 2017, glint pay raised GBP 2.1 million through crowdcube. Recently, the company again received 2.5 million pounds of funding support. It is reported that the financing will mainly be used for the expansion of the international market of glint pay and attract more investment support in the international market.
[4]. The V20 summit will be held soon, with the main topics of stabilizing currency and regulation of defi
From November 16, the three-day V20 summit will be held in Paris. The main topics of the meeting were the regulation of stable currency and defi. In addition to the Financial Action Task Force (FATF), the financial services agency of Japan, the U.S. Treasury Department, the financial crime enforcement network (FinCEN) of the US Treasury Department and the monetary authority of Singapore (MAS) will also participate in the summit. Senior government officials from Australia and Canada will also attend the meeting. Ethereum foundation, bitfinex, bitmex, compound, aaves from the private sector will also participate. In response, FATF Executive Secretary David Lewis said it was necessary to work together to reduce the risk of virtual assets being used for crime and terrorism.
[5]. UAE announced to expand the scope of visa, the scramble for scientific and technological talents intensified
On November 15, 2020, Sheikh Mohammed, vice president of UAE and chief of Dubai, announced that he would issue 10-year residence visa to some professionals. The gold visa program, announced in 2018, has won the first five or 10-year visas for some entrepreneurs, scientists, business executives, and outstanding scholars / students. In May 2020, Dubai issued 212 medical staff with 10-year “golden visa” in recognition of their outstanding performance in the anti epidemic front line. According to the statement, professionals in artificial intelligence, big data, infectious disease and virus prevention and control, medicine, computer engineering, electric power and engineering technology can apply for this work visa. Just a few days ago, the Singapore Economic Development Council announced the award for high-tech talents and managers Tech.Pass The international scramble for scientific and technological personnel has become increasingly fierce.
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