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Weekly News Roundup: 21/10

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 blockchain technology, fintech, payments and beyond.
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This week’s roundup will feature titles on blockchain being used in the judicial system, fintech acquisitions and payments news. Join us and Managing Director of Unlimit BaaS, Jovi Overo, in the exploration of some of the biggest headlines of our industry.

  • Despite the ban on cryptocurrency, China has revealed its use of blockchain technology being used to store data in the court system. Since May 2022, the evidence stored on the judicial blockchain has increased by 18% [source: Forkast]

A very valid and real-life use case for blockchain applications. Transactions being recorded on blockchain so that evidence can be easily obtained and verified without the use of expensive lawyers is incredibly compelling. I see blockchain being a big part of everyday society. – Jovi

  • Fintechs are buying other fintechs as Mexican BNPL provider, Aplazo, have acquired data insight platform Sensai Metrics. The acquisition will allow Aplazo to improve its merchant network and improve marketing to customers with learning-powered data. [source: latamfintech]

The hunt for data, actionable data insights, to customers is a battleground that is currently being fought. The more you know about your customers, the better risk profile you gather which should mean better abilities to assess risk. Smart acquisition. – Jovi

  • National Australia Bank has entered the mobile POS field as it launches an app, aimed to support small businesses, that allows phones to accept contactless card payments. [source: Finextra]

Australians are carrying less cash which can impact sales and growth for small businesses. This should fill the gap where businesses aren’t big enough to need a POS terminal but are established enough to accept contactless payments. – Jovi

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

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