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Any idea the 10% will amount to how many jobs?

Layoffs make headlines but, going by my back-of-the-envelope calculations, even in extreme cases of overhiring like $SNAP, hirings vastly outnumber firings.

Seeing as how Zilch created 250 new jobs, if we knew how many job losses the 10% layoff translates to, we can see how well Zilch fits the hirings >> firings track record of tech startups.

Embedded Insurance offers phenomenal growth opportunities for insurance companies via dark patterns and gross misselling.

Uber is my go-to rideshare company. However, from time to time, I do take cabs from competitor Ola, as I did earlier today. Every time, after I finish the ride, I get an email from Ola congratulating me for buying Covid-19 protection insurance. That's the first I know that I bought said insurance. I've never seen the insurance purchase option on the app. I'm guessing it's buried a few levels below the main cab booking screen and the check box beside it is automatically turned on.

Kudos to Ola, the insurance company and the Embedded Insurance tech provider for nickel and diming in such a seamless manner.

OTOH they will urge fintechs - as they did banks before GFC - to go ye forth and democratize lending in order to boost financial inclusion (and enable people to achieve the "American Dream" of home ownership).

OTOH they will blame fintechs - as they did banks after GFC - for irresponsible lending and pushing the most vulnerable sections of the society into debt traps via Online P2P Lending and BNPL (and subprime mortgage).

#GoFigure. 

One more for Finextra community members from Poland:

We heard last year that the Polish regulator was planning to forbid Twitter and other social media platforms from censoring content that didn't break any local laws ("not illegal"). 

Any idea what's the status of this regulatory action?

Despite 50+ years of banking regulation, GFC happened, stock price of YES Bank crashed by 96%. 

But, hell yeah, crypto must be regulated. At least, when the next GFC or Yes Bank of crypto happens, there will be the Fed / RBI of Crypto to backstop Crypto Companies and the FDIC / DICGC of Crypto to backstop Customers of Crypto Companies.

Yeah right, no one better than regulators that have built tons of apps and run dozens of businesses to distinguish the thin dividing line between the use of gamification to "engage customers positively" and "in ways that may mislead consumers or lead to poor outcomes."

Free Trading is funded by PFOF, which relies on More Trading, which is driven by Gamification.

Memory serves, SEC had announced plans to regulate gamification in stock trading apps like Robinhood in USA last year. We don't hear about those plans now. Probably the US regulator realized that controlling gamification would kill free trading, which is not something that would earn it brownie points from the average public.

Screen Scraping and Industry Innovation have made Open Banking USA (80M users) way more popular than Open Banking EU (5M users) that relies on API and Regulation.

Open Banking: EU v. USA

Surprised there's so much difference - these days, a lot of Trad Media is anyway just dissection of social media posts and comments therein. 

Oops Lentra, not Lettra.

@Melvin Haskins + 1.

My ex-employer Citicorp Information Technology India Limited (CITIL) was carved out from the inhouse IT department of Citibank in circa 1985, received funding from Citi Ventures a few years later, dropped the Citicorp from its name when it IPOd in circa 2000 under the name of i-flex solutions.  

It was the sale of Citi Ventures' stake to Oracle in 2005 that led to i-flex becoming a subsidiary of Oracle Inc. and subsequently being renamed to Oracle Financial Services Software Limited.

(Why it's still a separate listed company with its own name instead of becoming a division of Oracle is a story for another day.)

Memory serves, Citi Ventures subsequently invested in a few more providers of financial technology in India e.g. Polaris. 

Lettra is certainly not the first fintech investment of Citi Ventures in India. Although, I must admit, the term "fintech" was - wait for it - "Avant La Lettre" when the VC arm of Citicorp made the CITIL and Polaris investments.