Stripe returns to crypto, partners with FTX

What to read today: Spotlight: Sustainable Banking: Banks face growing pressure from consumers and shareholders to make sustainability a higher priority. That's a challenge for an industry that, for example, has financed $3.8 trillion for fossil fuel clients since the 2015 Paris Agreement. Banks may consider finding a way to balance a shift toward sustainability with sustaining their profits..

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March 19, 2022 Stripe dives back into digital currencies with FTX partnership and crypto tool kit Stripe re-entered the digital currency space, launching a crypto tool kit of APIs and separately partnering with crypto exchange FTX, per a press release. Stripe was one of the first payments companies to support cryptos back in 2014, but the firm stopped four years later due to limited merchant and user adoption. Stripe stands to gain from crypto payments as digital currency ownership edges toward the mainstream. The timing of Stripe's re-entry into digital assets is fortunate. The Biden administration signed an executive order on cryptocurrencies last week that signaled broader future oversight of the industry. Stripe's deal with FTX will help it diversify its business while capitalizing on FTX's success and industry prowess. And its API tool kit opens the door for other companies looking to build or improve their digital asset-related products to create similar tie-ins. Insider Intelligence's Will Paige has the full story. BRIEFING HIGHLIGHTS Payments powerhouses in China and India face regulatory crackdowns Central banks in two large markets tightened their grips on major payment providers. Read More → Green Dot's collab with Plaid for its neobank also has BaaS potential Green Dot announced that it's partnering with Plaid to offer open banking data sharing to customers of its in-house neobank, GO2bank. Read More → US watchdog seeks more outcome-oriented data on unbanked and underbanked The U.S. Government Accountability Office (GAO) called on three federal regulators to gather more data pertaining to efforts to help unbanked and underbanked households. Read More → API investments help banks stay competitive within the growing fintech ecosystem Application programming interfaces (APIs) are growing in importance as banks seek to diversify and modernize their tech offerings. Read More → ConsenSys bags $450M in megaround as investors flock to back blockchain Blockchain specialist ConsenSys scooped $450 million in a Series D round that values the US-based firm at over $7 billion, per a press release. Read More → Big-name partnerships give Mastercard a leg up in the BNPL arms race Mastercard added H&R Block, i2c, Walgreens, and other partners to Mastercard Installments, the buy now, pay later (BNPL) program it announced in September, per a press release. Read More → Moneyhub and Tink partnerships highlight open banking's growing role in payments Open banking platforms Moneyhub and Tink made partnerships to expand the reach of their account-to-account (A2A) payment solutions. Read More → Senators press Wells Fargo for data and algorithms handling refinancing applicants Wells Fargo's refinancing practices are under scrutiny by several US senators following a Bloomberg investigation that found the bank only approved 47% of Black homeowners' mortgage refinancing applications in 2020. Read More → Our takeaway from Amex's 2022 Investor Day American Express outlined four key growth strategies during its 2022 investor day. Read More → RESEARCH IN FOCUS Spotlight: Sustainable Banking Banks face growing pressure from consumers and shareholders to make sustainability a higher priority. That's a challenge for an industry that, for example, has financed $3.8 trillion for fossil fuel clients since the 2015 Paris Agreement. Banks may consider finding a way to balance a shift toward sustainability with sustaining their profits. Get the full report → Spotlight: US Digital Stock Trading In the face of plummeting new user growth in 2022 and 2023, US digital brokerages will need to rapidly roll out new strategies to overcome a drop in revenues from trading fees. This report highlights the strategies US digital brokerages can employ to combat slowing growth rates and drive revenues. Get the full report → The Evolution of US Robo-Advisors Ranks of new customers are dwindling, jeopardizing US robo-advisors' ability to attract new wealth. A way forward for robo-advisors is to expand into new products and services. This report dives into the strategies that innovative robo-advisors can implement to overcome shrinking account holder growth, as well as boost revenues and customer acquisitions. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our subscriptions deliver analysis on the biggest trends and decisions shaping the future of your industry. Stay on top and subscribe today to receive: Research reports Daily email briefings Forecasts and charts Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2022 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036