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Weekly News Roundup: 13/01

Welcome to our weekly news roundup, of headlines which caught our eye. We’ll bring you a weekly dose of some of the most interesting titles which have surfaced, with a particular focus on the topics of digital currency, Web3 connectivity, traditional banks and beyond.
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Unlimit Experts
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This week’s roundup will feature titles on digital currency, investment in stocks and cash protection. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.

  • Santander has partnered with Allianz Trade, Investment Banking and Two to develop a B2B BNPL package. The one-stop service will exist for corporate multinational companies, offering business buyers instant, deferred payments at checkout. [source: Finextra]

This is an exciting development for Santander and Allianz Trade, Investment Banking and Two. The B2B BNPL package will provide corporate multinational companies with a convenient and efficient way to make payments. This could be a great benefit to businesses, helping them to streamline their payment processes. – Jovi

  • Mastercard has launched a Web3 programme which will connect musicians and fans through virtual events and NFTs. Using the Polygon blockchain, Mastercard will offer music fans a Mastercard Music Pass NFT to give them access to Web3-based educational resources and learn alongside artists. [source: FStech]

It is great to see Mastercard launching a Web3 programme to connect musicians and fans through virtual events and NFTs. This is a great way to use blockchain technology to create new opportunities for music fans to bring greater accessibility and engagement not only with artists, but with new technologies. – Jovi

  • Nigeria’s GT Bank has been fined £7.7 million in the UK over money laundering control lapses. The Financial Conduct Authority imposed the fine for weak anti-money laundering systems between October 2014 and July 2019. [source: Financial Conduct Authority]

It is important for banks, like Nigeria’s GT Bank, to have strong anti-money laundering systems in place to protect customers. The importance of safety and security is now fundamental to maintaining customer loyalty, and the FCA’s crackdown on weakened systems will enforce rapid change and mitigate future risk. – Jovi

See you next week, back in the blog for your next weekly news roundup.

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