Things we’re reading today include … How did a ‘bank snooping’ scandal ensnare politicians in Italy? | Explainer News | Al Jazeera Fintech App Trap: Enraged Customers Struggle To Cancel Their Subscriptions (forbes.com) Natural disasters wreck FinTech infrastructure, proving cash is still king BaaS is dead, long live BaaS 2.0 – FinTech Futures: Fintech news…
Things we’re reading today include … Revolut takes on Square with payment terminal for larger businesses (cityam.com) Revolut customers say e-money firm failed them after being scammed – BBC News AI amplifies systemic risk to banks: India Reserve Bank boss • The Register How AI and ‘behavioral banking’ boosts FI revenue – Bank Automation News…
Things we’re reading today include … Poorest countries in worst financial shape since 2006, World Bank says | Al Jazeera Westpac outage causes app, online banking to stop working for Australians | Daily Mail Bank of England and FCA joint approach to the Digital Securities Sandbox | Bank of England Farther raises $72m Series C…
This week’s main blog discussions include … Why are fintechs worth more than banks? I just got the latest Finch Capital report on The State of Fintech 2024. Many of us think that fintech valuations and investments have gone through the floor, and this reports make clear that it depends where you are. The UK…
Things we’re reading today include … The FBI made a cryptocurrency to catch crypto scammers (qz.com) TD Bank fined $3bn in historic money laundering settlement – BBC News TSB Bank handed huge fine for failing customers in arrears (cityam.com) Monzo staff to sell shares as valuation soars again to £4.5bn | Sky News Labour’s cosy…
Things we’re reading today include … I am not Bitcoin inventor, says man named in HBO film – BBC News Sectors that are Warming up to Cryptocurrency Payments (cryptotimes.io) The big league: The most funded European fintech companies of 2024 so far – Tech.eu Regulators targeting challenger banks as new fraud rules are introduced –…
Things we’re reading today include … Investor turns $800 into $7.5 million as hippo-inspired cryptocurrency skyrockets | The Independent 11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations (financemagnates.com) Cryptocurrency Adoption ‘Fastest-Growing Tech in Years’, Says BlackRock Executive (techopedia.com) Millennials bank on parental handouts (yourmoney.com) Top US banks brace for lowest…
Things we’re reading today include … LEGO’s website hacked to push cryptocurrency scam (bleepingcomputer.com) Fintech Revolut Prevented $13.5 Million Loss Due to Crypto Fraud – Bitcoinsensus FTX: Customers of failed crypto firm set for refunds – BBC News US FinTech funding halved in Q2 as investors grow risk averse – FinTech Global Bank of Russia…
Things we’re reading today include … Elon Musk’s X paid its Brazil fines to the wrong bank, court says | Mashable FCA fines Starling Bank £29m for sanctions screening failures – FinTech Futures: Fintech news UK strengthens role in European fintech sector, report says – ThePaypers Banks and tech companies at odds over online fraud…
This week’s main blog discussions include … US banks invest three times more in tech than European banks I got an interesting question in my recent banking presentation: US banks have spent far more on technology than banks in Europe – will European banks ever be able to catch-up? It is true that American banks…
