Australia suspends license of local FTX entity; & more!

Connecting the dots in FinTech... by Marcel van Oost

BREAKING NEWS

The Australian Securities and Investments Commission (ASIC) has suspended the license of the Australian unit of FTX allowing the platform to provide limited financial services related to the termination of existing derivatives with clients. Link here

#FINTECHREPORT

Check out Frollo’s report on the State of Open Banking in Australia. The report is a deep-dive into the actual usage of CDR Access Models, and a look ahead into the future of the Consumer Data Right. Link here

INSIGHTS

Visa brings face payments and instantly-issued prepaid cards with animated art to the World Cup and has installed 5300 contactless-enabled payment terminals at official venues. Link here

Mastercard extends inclusive card options across Europe, by expanding its “True Name” feature, which is particularly important for transgender and non-binary people as it allows them to personalize the name they want on their card. Link here

Mexican customers switch from traditional banks to fintechs searching for better and flexible services, although many maintain a traditional bank account, and while fintechs' role in the country is growing, penetration remains slow, according to a number of reports. Link here