Daily FinTech Podcast - April 22nd, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to another episode of our Daily Fintech Podcast. THE NEWS HIGHLIGHT OF THE DAY IS Finastra announced that it has teamed up with EcoTree International, a specialized forestry company focused on carbon removal and biodiversity preservation through tree planting and sustainable forestry management. JUST IN: Challenger bank Shawbrook Bank has come up with a unique proposition to encourage its customers to share their open banking data: better rates. FURTHERMORE, NovoPayment is a global BaaS startup based in Miami that has largely been focused on offering its API platform to customers in the Latin American market. It has developed a full-stack, multicurrency solution with three main categories — data banking, payment infrastructure and card solutions, its founder and CEO Anabel Perez told TechCrunch. WHAT ABOUT CRYPTO? Monneo | A complete payment ecosystem, has simplified the process of making and receiving online cryptocurrency payments. WHAT ARE THE LATEST INSIGHTS? Will U.S. Cost of Payments Ever Be Disrupted? Technology breeds efficiency, at least under normal circumstances. U.S. card acceptance falls into the unusual circumstances category. Despite having the world’s second-largest digital economy (behind China), the U.S. has the highest costs of payments among developed global markets driven primarily by the high cost of cards.