![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/11\/FintechWire-6-1024x536.jpg\")
<\/figure><\/div>\n\n\n\nA week in FinTech: 17-23 November 2020<\/h2>\n\n\n\n
The world of banking and investment may shake soon, after China improves their currency and Texas is now a better place for investors. Interested why? Read the news to find out.<\/p>\n\n\n\n
![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/10\/wave_blue.svg\")
<\/figure><\/div>\n\n\n\nMintos gathers a record-breaking EUR 5.3M in one day<\/h3>\n\n\n\n![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/11\/mintos.jpg\")
<\/figure>\n\u201cWe are thrilled to have such a response from our community.” – M\u0101rti\u0146\u0161 \u0160ulte, CEO<\/h4>\n<\/div><\/div>\n\n\n\n
Mintos <\/a>is a rapidly growing investment platform that concentrates on investing in loans. It quickly became one of the European leaders of this industry and is more than just an alternative. Thanks to a great product-market fit, the company manages to finance its growth mainly from pure revenues, which makes it even more attractive for potential investors. Right now, the platform is being used by over 340 000 investors from 90 countries and it has achieved such scale in just 5 years since its founding.<\/p>\n\n\n\nRead more about <\/b>platforms for investors<\/a><\/p>\n\n\n\n<\/figure><\/div>\n\n\n\n\nFirst “technological sandbox” in Poland<\/h3>\n<\/div><\/div>\n\n\n\n![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/11\/KIR.jpg\")
<\/figure>\nPoland will lower technical and operating costs of FinTech businesses<\/h4>\n<\/div><\/div>\n\n\n\n
The government’s institution, Krajowa Izba Rozliczeniowa<\/a> will cooperate with major corporations, such as IBM and PKO Bank Polski in order to run Sandbox Blockchain<\/a>. The recruitment of interested companies is already on, so be sure to check it out. IBM’s help should make the initiative a success, as they have experience with similar projects in Lithuania, claims Jaros\u0142aw Szymczak, the CEO of IBM Polska.<\/p>\n\n\n\nRead more about FinTech accelerators<\/a> in Central Europe<\/b><\/p>\n\n\n\n<\/figure><\/div>\n\n\n\nBrazil promotes cashless payments<\/h3>\n\n\n\n![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/11\/banco-1.jpg\")
<\/figure>\nCentral Bank of Brazil increases the market competition and lowers the prices<\/h4>\n<\/div><\/div>\n\n\n\n
Central Bank of Brazil <\/a>has announced its plans to launch an instant payments system Pix<\/a>, in a move aimed at supporting financial inclusion and promoting cashless payments in a largely cash-dependent society. The new system allows its users to transfer money instantly 24\/7. It’s also free for individual customers and doesn’t require them to own a debit or credit card, so it should enable the poorer part of the society.<\/p>\n\n\n\nRead more about digital payment <\/a>solutions<\/a><\/b><\/p>\n\n\n\n<\/figure><\/div>\n\n\n\nTexas fights crypto-currency scammers<\/h3>\n\n\n\n![\"\"](\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/11\/Texasbanking.jpg\")
<\/figure>\nMore security for the Texans and less fraudulent competition for businesses<\/h4>\n<\/div><\/div>\n\n\n\n
The Texas State Securities Board<\/a> managed to conduct a large-scale investigation and target 15 companies which allegedly were making money on investment scams. Their victims believed they were investing in cryptocurrencies, while in fact, they were just losing their money. 10 of those businesses were run by a single man who invested heavily in marketing in social media to find his victims. <\/p>\n\n\n\n\u201cBad actors know how to use social media and internet websites to create the pretense of legitimate operations. They can also use this technology to quickly reach large numbers of potential victims,\u201d said Enforcement Director Joe Rotunda in a statement.<\/p>\n\n\n\n
Read more about cybersecurity in FinTech<\/a><\/b><\/p>\n\n\n\n<\/figure><\/div>\n\n\n\n<\/section>\n\n
<\/figure>\u201cWe are thrilled to have such a response from our community.” – M\u0101rti\u0146\u0161 \u0160ulte, CEO<\/h4>\n<\/div><\/div>\n\n\n\n
Mintos <\/a>is a rapidly growing investment platform that concentrates on investing in loans. It quickly became one of the European leaders of this industry and is more than just an alternative. Thanks to a great product-market fit, the company manages to finance its growth mainly from pure revenues, which makes it even more attractive for potential investors. Right now, the platform is being used by over 340 000 investors from 90 countries and it has achieved such scale in just 5 years since its founding.<\/p>\n\n\n\n Read more about <\/b>platforms for investors<\/a><\/p>\n\n\n\n The government’s institution, Krajowa Izba Rozliczeniowa<\/a> will cooperate with major corporations, such as IBM and PKO Bank Polski in order to run Sandbox Blockchain<\/a>. The recruitment of interested companies is already on, so be sure to check it out. IBM’s help should make the initiative a success, as they have experience with similar projects in Lithuania, claims Jaros\u0142aw Szymczak, the CEO of IBM Polska.<\/p>\n\n\n\n Read more about FinTech accelerators<\/a> in Central Europe<\/b><\/p>\n\n\n\n Central Bank of Brazil <\/a>has announced its plans to launch an instant payments system Pix<\/a>, in a move aimed at supporting financial inclusion and promoting cashless payments in a largely cash-dependent society. The new system allows its users to transfer money instantly 24\/7. It’s also free for individual customers and doesn’t require them to own a debit or credit card, so it should enable the poorer part of the society.<\/p>\n\n\n\n Read more about digital payment <\/a>solutions<\/a><\/b><\/p>\n\n\n\n The Texas State Securities Board<\/a> managed to conduct a large-scale investigation and target 15 companies which allegedly were making money on investment scams. Their victims believed they were investing in cryptocurrencies, while in fact, they were just losing their money. 10 of those businesses were run by a single man who invested heavily in marketing in social media to find his victims. <\/p>\n\n\n\n \u201cBad actors know how to use social media and internet websites to create the pretense of legitimate operations. They can also use this technology to quickly reach large numbers of potential victims,\u201d said Enforcement Director Joe Rotunda in a statement.<\/p>\n\n\n\n Read more about cybersecurity in FinTech<\/a><\/b><\/p>\n\n\n\n<\/figure><\/div>\n\n\n\nFirst “technological sandbox” in Poland<\/h3>\n<\/div><\/div>\n\n\n\n
<\/figure>Poland will lower technical and operating costs of FinTech businesses<\/h4>\n<\/div><\/div>\n\n\n\n
<\/figure><\/div>\n\n\n\nBrazil promotes cashless payments<\/h3>\n\n\n\n
<\/figure>Central Bank of Brazil increases the market competition and lowers the prices<\/h4>\n<\/div><\/div>\n\n\n\n
<\/figure><\/div>\n\n\n\nTexas fights crypto-currency scammers<\/h3>\n\n\n\n
<\/figure>More security for the Texans and less fraudulent competition for businesses<\/h4>\n<\/div><\/div>\n\n\n\n
<\/figure><\/div>\n\n\n\n