Fintech Focus For May 14, 2021

Quote To Start The Day: “The way to get started is to quit talking and begin doing.”

Source: Walt Disney

One Big Thing In Fintech: An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered” security flaw that exposes customers’ account data.

Source: TechCrunch

Other Key Fintech Developments:

• BTC energy consumption analysis.
• More startups, VCs target lending.
• Modern Treasury adds partnership.
• Rho intros flexible corporate card.
• Steve Cohen to enter into crypto.
• MovoCash launches banking app.
• Atom is looking to add know-how.
• US Bank, Plaid dealing over data.
• PayPal expands Google relations.
• LendingClub, FinTron teamed up.
• Miami rolls out red carpet for BTC.
• Top fintech VC portfolios revealed.
• TransFICC, SoftSolutions add tech.
• Treasury Prime adds $20M round.
• Cedar eyeing a move to insurance.
• How Apex is driving the digital shift.
• Binance faces IRS investigations.
• PayPal has bought Happy Returns.
• Triterras appoints new leadership.
• BoE governor says CBDC is likely.
• Fanbase is raising on StartEngine.
• MoneyLion, NFP have teamed up.

Watch Out For This: United States President Joe Biden said on Thursday the cyberattack that shut down the US’s largest gasoline pipeline early this week had originated from Russia.

Source: Al Jazeera

Interesting Reads:

• Spatial launched a VR/AR platform.
• Canada’s housing market is hotter?
• Fund managers worry over inflation.
• Junk food ads infringe your privacy.

Market Moving Headline: After months of cheerleading for Bitcoin, Tesla CEO Elon Musk told his 54.3 million Twitter followers on Wednesday that the electric vehicle maker is hitting the brakes on allowing customers to use Bitcoin as payment.

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk wrote on Wednesday.

Source: Al Jazeera