Daily Fintech Podcast - March 4th, 2022

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Welcome to another episode of our Daily Fintech Podcast.

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THE NEWS HIGHLIGHT OF THE DAY IS

A select group of Russian banks are to be excluded from the Swift financial messaging system as part of a package of new financial sanctions agreed by Western allies.

JUST IN:

Google is reportedly launching a new blockchain division as part of its Labs group.

ALSO:

Europe’s biggest loan marketplace Mintos has taken the “next steps to protect investors”, and is excluding all loans from Russia and Ukraine from its main market.

FURTHERMORE,

Bank of America will roll all of its product lines into one app that is slated to roll out in December, according to American Banker.

WHAT ABOUT CRYPTO?

Hack VC, a San Francisco, CA-based crypto-native investment firm, launched a $200M Crypto Seed Fund.

WHAT ARE THE LATEST INSIGHTS?

Paceline launched the first credit card powered by movement – rewarding cardmembers not only for spending, but for staying active by hitting their weekly "streak" of 150-minutes of exercise.