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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Mercuryo. With the help of their cryptopowered toolbox, Mercuryoenables companies to take advantage of both fiat and crypto worlds and provide innovative payment solutions for end-customers.
THE NEWS HIGHLIGHT OF THE DAY IS
The duo behind Robinhood's Snacks podcast is spinning the program out of the stock trading company and relaunching it on Monday as "The Best One Yet." Why it matters: Robinhood's podcast and its broader media business, which includes a newsletter, has built a massive following among the retail trading crowd.
JUST IN:
German authorities searched Deutsche Bank’s headquarters in Frankfurt on 29 April, a move the bank said was related to suspicious activity reports it filed to an anti-money-laundering agency.
ALSO:
Visa  shares surged after the payments giant said spending on its network jumped, even with the suspension of operations in Russia and as the lingering impacts of the omicron variant hindered travel in the first few weeks of the year.
Brazilian fintech Nubank is expected to pay up to BRL 816 million in compensation to top executives and board members in 2022, according to a document published by the neobank.
FURTHERMORE,
India has 100 unicorns now. The Bengaluru-headquartered neobank Open Financial Technologies entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million.
Nordic financial services group SEB has signed its first Banking-as-a-Service (BaaS) customer in retail fintech start-up Humla. The new fintech will be powered by a BaaS platform developed by SEB’s innovation studio SEBx.
WHAT ABOUT CRYPTO?
Startups have been quick to adopt cryptocurrencies, but governments and regulators have — so far — been less enthusiastic. But new rules from the EU last month promising to “boost benefits and curb threats” in the form of fraud and environmental impact could mean a change in attitude.
Brazil's Senate has passed the country's fisrt bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country's crypto industry.
Change, an Amsterdam-based cryptocurrency platform for retail investors, announced that it has acquired a new Dutch licence that will enable it to provide services with traditional and new-age financial assets throughout the EU.