China and India go in on CBDCs

Posted On 8:00 AM // Leave a Comment

Every morning the Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Insider reader, we're including some free content below.

Want more content like this daily? Join our FREE Insider Intelligence Daily newsletter by clicking here.

July 17, 2021

How China and India are helping shape the future of CBDCs and Bitcoin.

As the crypto payments market gains steam, lawmakers and regulators across the globe are trying to figure out how to regulate digital currencies effectively to ensure safety and legitimacy.

China could be ready to launch the digital yuan in early 2022, and India is building a CBDC framework while also warming up to Bitcoin.

When it comes to digital currencies, countries like CBDCs because they have parity with corresponding fiat currencies and can fit within the global banking system.

Insider Intelligence's Grace Broadbent has the full story.

BRIEFING HIGHLIGHTS

Wells Fargo continues product pruning, nixing lines of personal credit

Wells Fargo will drop existing lines to simplify its product offerings—which could help its bid to shuck the federally mandated asset cap.

Biden calls on CFPB to move ahead with data-sharing regulation

The White House called on the Consumer Financial Protection Bureau (CFPB) to move ahead with data-sharing regulation.

Apple is planning its BNPL product debut

Apple is planning to launch a buy now, pay later (BNPL) product, internally dubbed Apple Pay Later, with Goldman Sachs as the lending engine.

Clearco's raise pushes revenue-based financing into overdrive

Clearco raised $215 million following a host of fellow alt lenders also securing significant rounds and expanding globally.

Bullish will go public via a $9 billion SPAC merger by year's end

Bullish will go public via a $9 billion SPAC merger even though it hasn't launched yet, leaving it little to go on to entice investors.

Countries with the fastest ecommerce growth in 2020

Retail ecommerce sales more than doubled in Argentina last year, as many shoppers there pivoted to buying online. Canada and Singapore both saw growth of over 70%, skyrocketing past the global average of 25.7%.

Credit card demand contributes to June's double-digit spending growth

Credit card appetite is growing in tandem with retail sales—what are issuers doing to make the most of this comeback?

Policygenius prompts merger SPACulation

Policygenius is eyeing a SPAC merger as it diversifies its product suite—yet another insurtech taking this route to enter the public markets.

Young investors drove use of robo-advisors during pandemic

The growth of investment robo-advisors spiked last year across the US, the UK, and Canada as investors took advantage of investment opportunities during the pandemic.

YuLife raises $70 million to gamify life insurance

YuLife's Series B round values the startup at $320.59 million, and it will use the funding to expand its business and build more products.

RESEARCH IN FOCUS

5G and Financial Services

5G will improve mobile apps and remote banking with richer media communications and more instantaneous services. This report analyzes how 5G will change financial services, focusing on five key applications: mobile banking, authentication and security, insurance and investments, community banking, and operations.

Get the full report →

Innovation Strategies at Small and Midsize FIs

This report discusses the unique challenges and advantages small and midsize FIs face in relation to digital innovation; outlines the innovation strategies open to them, and their pros and cons; and gives real-world examples of these strategies in action.

Get the full report →

The Payments Ecosystem

Insider Intelligence examines the payments ecosystem today, as well as the pandemic's impact on growth drivers and the industry's future. The report traces the path of in-store and online payments from processing to settlement across key stakeholders.

Get the full report →