2 min read

Weekly News Roundup: 22/12

Welcome to our weekly news roundup, of headlines that caught our eye. We’ve been bringing you a weekly dose of some of the most interesting titles that have surfaced all year. Our roundups are coming to an end, and our final roundup places a focus on the topics of payment breaches, X, Web3, and beyond.
Unlimit Experts avatar
Unlimit Experts
Your payment experts
post thumbnail
Unlimit Experts avatar
Unlimit Experts
Your payment experts

Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.

  • India’s clampdown on unsecured loans puts pressure on fintechs [source: PYMNTS]

In response to India’s central bank, RBI, tightening the reins on unsecured loans to curb rising debt, the fintech ecosystem faces a pivotal moment. The move underscores the critical role fintechs play in addressing financial gaps. As a Banking-as-a-Service expert, I see this as an opportunity for innovation – a chance for fintechs to pivot towards sustainable lending models, leveraging technology for responsible financial inclusion. The focus should be on collaborative solutions that balance growth and risk mitigation, ensuring that the fintech industry continues to be a force for positive economic transformation. – Jovi

  • Elon Musk’s X granted payment processing license in the US [source: Finextra]

Musk’s relentless pursuit of innovation, coupled with the disruptive power of fintech and payment systems, underscores the convergence of technology titans and financial services. As we witness X’s expansion, it prompts us to ponder the profound impact this could have on traditional banking structures. The fusion of visionary leadership and cutting-edge fintech is charting a course toward a future where finance is as dynamic as the minds shaping it. – Jovi

  • A Web3 builder and charity collaborate to modernise charitable giving [source: Cointelegraph]

Thrilled to witness the convergence of innovation and philanthropy as a Web3 venture builder, GAMI, collaborates with a charity, Doctors of the World, to revolutionise charitable giving. This partnership epitomises the transformative power of fintech in driving positive change. The marriage of technology, blockchain, and charitable endeavours not only modernises the donation landscape but also ensures transparency, traceability, and broader community impact. It’s a beacon for the future, showcasing how fintech and Web3 can extend their reach beyond traditional finance to create a more inclusive and efficient charitable ecosystem. Kudos to these pioneers for reshaping the narrative of giving in the digital age! – Jovi

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

Keep reading

Unlimit BaaS Velmie

Unlimit and Velmie unite to accelerate European FinTech growth

Future of BaaS 2024 Trends

Exploring the Future of Banking-as-a-Service: The Game Changer in 2024

Unlimit Baas Weekly News Roundup

Weekly News Roundup: 15/12