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Welcome to another episode of our Daily Fintech Podcast.
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THE NEWS HIGHLIGHT OF THE DAY IS
Block Inc., the digital-payments firm run by Jack Dorsey, is expanding its small-business loan service to Canada, bringing it into more direct competition with the country’s big banks. The move sets up Block’s Square as a competitor to Canada’s major banks by moving it further beyond payments technology and into the business of providing capital.
JUST IN:
After a month of delay, Bank Negara Malaysia (BNM) finally announced the list of successful applicants. The framework which was first issued on 30th December 2020, was hotly contested and attracted 29 parties to bid for the licenses.
ALSO:
MyBank, a leading online private commercial bank and an associate of Ant Group, reported that it served over 45 million small-and-micro enterprise (SME) clients at the end of 2021, representing a nearly 30 percent increase year-on-year, according to its 2021 annual report.
WHAT ABOUT CRYPTO?
Tribal Credit’s Chief Product officer Arvind Nimbalker said the firm is enjoying a lot of demand from firms worldwide for crypto tech and aims to build more crypto native partnerships.
Digital banking startup Cogni is joining the ranks of companies hopping on the crypto bandwagon.