Finextra year in review


As 2021 draws to a close, we take a look back at our most popular news and community engagement activities over the past year.

The best news of 2021

January

Bitcoin could ‘collapse completely’ – BIS chief

Bitcoin could “collapse completely,” according to BIS chief executive Agustin Carstens, who has also poured cold water on stablecoin projects such as Facebook-led Diem and argued that if digital currencies are necessary, they should be issued by central banks.

February

Ripple officially responds to SEC lawsuit

Ripple accused the Securities and Exchange Commission of misrepresenting the facts about the status of its XRP cryptocurrency in its first formal response to a lawsuit filed in December.

March

Chime investigates $ 30 billion ad

U.S. digital banking firm Chime has spoken to investment banks about an initial public offering that would value it at $ 30 billion, according to Reuters.

April

Revolut packs a punch with a new phosphorescent debit card

Revolut has launched a glow-in-the-dark debit card in partnership with two-time heavyweight boxing world champion Anthony Joshua as part of a program to raise funds for independent boxing gyms across the UK.

Can

Controversial FinTech Lanistar Gets FCA Approval

Lanistar, the high-profile fintech that got into hot water with the UK’s Financial Conduct Authority last year, said it has now obtained regulatory approval to operate as an agent of the Electronic Money Directive (EMD) of the payment company Modulr.

June

Big banks support Swift’s new platform and ISO 20022 roadmap

The Swift messaging network has secured support from six major global banks for the upcoming rollout of its new transaction management platform, which is expected to go live in November 2022.

July

Chase clients become instant billionaires

A number of lucky Chase Bank clients became billionaires overnight after a technical glitch dumped huge sums of money into their accounts.

August

GlobaliD and Uphold Launch XRP Rewards Debit Card

Digital identity company GlobaliD has partnered with digital currency company Uphold on a Mastercard debit card that offers users cash back in the form of XRP.

September

IOTA operated by the EU to activate the region’s blockchain infrastructure

The non-profit organization IOTA and its distributed ledger technology has been named as one of the seven providers selected by the Commission to develop the European Blockchain Services Infrastructure (ESBI).

October

Accenture acquires BCS Consulting

Accenture acquired the financial change management consultancy firm BCS Consulting, extending its expertise and consulting experience in areas such as payments, open banking, operational resilience, financial crime and optimization of costs.

November

Amazon to ban Visa credit cards in UK

Amazon UK will stop accepting Visa credit cards, blaming the ban on “high cost of payments.”

December

Lloyds on-site technology deemed “unsuitable for use” in leaked video

A senior Lloyds banker warned that its existing on-premises technology was “not fit for purpose” in a recorded internal meeting acquired by the Mail on Sunday. This technology holds the vast majority of the bank’s data and services.

Most commented

Amazon to ban Visa credit cards in UK

Lloyds gives users contactless limit control amid fraud fears

Mastercard increases interchange fees for UK online purchases from EU

UBS: fingerprint cards will generate $ 5 billion in banking income by 2026

Tony Craddock: “Letter to the CEO of FCA may destabilize the electronic money industry”

Blogs

Crypto forecasts for the first half of 2021

There is no reason to sell. What will become of Bitcoin and Ethereum?

Blockchain Comparison: What’s the Real Difference? Cardano, Elrond, Polkadot and Ethereum 2.0

Everything you need to know about crypto trading robots

Understanding Tokenomics: The True Value of Crypto


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