The growing rate of cybercrime has added to the market unrest and questioned fintech preparedness.

Anchorage Digital is a regulated institutional platform and the first crypto company to receive a national bank charter from the Office of the Comptroller of the Currency (OCC).

Anyone can contribute to the project and buy a share of the Freedom Nightingale, and for Web3 newcomers, detailed instructions are available on the initiative's website.

For fintechs, the metaverse looks like a natural pivot in line with their digital-first nature. They are better positioned to push the market forward, as, unlike banks, they do not have to cut through miles of red tape and have more flexibility to deploy new solutions.

While nothing is certain in today’s ever-changing tech-centric business climate, industry leaders and the data say the same thing: Fintech innovation and growth will continue trending upward for the foreseeable future. 

According to the European Payment Service Directive (PSD2), all banks operating in member states need to have an API that allows fintechs immediate access to data. But this initiative is often criticized for the limited approach toward the amount of data made available by the banks, which includes only the most basic transaction information. 

As a part of the acquisition, Walter Kortschak, founder of Kortschak Investments and an investor in Wishlife, will join the Torpago board of directors. 

Somewhere out there are the tech barons of the future, and we can only wait to see who they will be.

Decentralized finance (DeFi) is a system that allows for financial products to become available on a public, decentralized blockchain network.