Fintech Daily Briefing

Fintech Daily Information Briefing on [November 30, 2021]

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The following is the Fintech Daily Information Briefing on [November 30, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. There are 171 fintech companies in Peru, an increase of 16% over last year

In recent years, Peru, a Latin American country, has gradually become an emerging force in the field of financial science and technology. Statistics from ey law show that by September 2021, there were 171 financial technology enterprises in Peru, an increase of 16% over 2020, involving loans, payments and digital wallets, financial services for small and medium-sized enterprises, personal financial services, technology finance, blockchain and encryption industry, crowdfunding services, credit scoring and insurance technology.

[2]. Think machine, a British bank’s technology solution cloud service provider, received a round C financing of US $200 million

On November 2, 2021, thought machine, a British bank technology solutions cloud service provider, announced that it had obtained round C financing of US $200 million, and the platform valuation exceeded US $1 billion, ranking among Unicorn start-ups. The financing was led by Nyca partners and invested by ing ventures, JPMorgan Chase and Standard Chartered ventures. Thought machine was founded by Paul Taylor in 2014. It mainly provides core technology solutions for banks through its vault cloud platform. Its customers include traditional banks such as Lloyd’s, UBS and Standard Chartered, as well as emerging digital banks such as atom.

[3]. Jack Dorsey leaves as CEO of Twitter

On November 29, 2021, Jack Dorsey announced that he would step down as CEO of twitter. At the end of February 2020, Elliott Management Corporation, a new shareholder and activist investor of twitter, purchased 4% of the shares of Twitter and said that it would nominate four board members to replace Jack Dorsey as CEO of twitter. Elliott management believes that compared with its peers such as Facebook and snap, Twitter has always been lack of innovation in recent years, and its stock price performance is also very poor. Jack Dorsey also works for twitter and square, which is also considered to be a major reason that hinders his leadership over twitter. Dorsey founded social media twitter and payment platform square in 2006 and 2009 respectively. Dorsey did not respond on whether to continue to hold relevant positions in square in the future. However, the market believes that square may be more suitable for Dorsey’s entrepreneurial enthusiasm for cryptocurrency.

[4]. The New York Fed opened an innovation center to help the US Central Bank Research on digital currency

On November 29, 2021, the Federal Reserve Bank of New York announced the joint establishment of the New York innovation center with the innovation center of the bank for international settlements. In the future, the two sides will cooperate with this new institution on digital currency analysis (including central bank digital currency), optimizing cross-border payment efficiency and cost, and building new tools for financial system supervision.

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