Connecting the dots in FinTech... by Marcel van Oost – Détails, épisodes et analyse

More problems for Revolut as it waits for UK banking licence

Crowdcube joins team of rivals launching new retail investment platform Retailbook.

FROST's new broadband switching tool makes sustainable living easy and affordable.

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Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

ComplyAdvantage names Vatsa Narasimha as Chief Executive Officer. Founder, and former CEO, Charles Delingpole is to become Executive Chairman on the back of impressive organic growth. Vatsa Narasimha was promoted from his previous position as Chief Technology Officer. Both will assume their new positions effective immediately. Link here

Brazilian Hedge Funds now offer credit products. Vinland Capital Management Gestora de Recursos Ltda. and Occam Brasil Gestao de Recursos Ltda. are among the hedge funds planning to offer credit products after the nation’s benchmark interest rate jumped to 14% from 2% last year, luring investors back to bonds. Link here

Apple is taking a big step in banking services to its customers. The company announced yesterday it is partnering with Goldman Sachs to soon launch a new Savings account feature for its Apple Card credit cardholders. Link here

Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

Brex lays off 11% of staff as part of its restructuring. The startup said it initially tried to “repurpose” as many roles as it could before ultimately deciding it had to let some people go. Also, the startup's CFO is departing to join Rippling, which recently entered the spend management space. Link here

Flux to close down its network. They are unable to share details on what's next for Flux right now but will put out a fuller statement in the coming weeks. Link here

Wise suspends money transfers to Nigeria. They decided to suspend transfers into Nigeria to enable it to address issues disturbing the process of sending money to the country. “We’re doing this because sending money to Nigeria hasn’t been as fast or reliable as we’d like. We want to fix this before your next USD transfer to Nigeria,” their statement disclosed. Link here

Modulr joins DPF Steering Committee. In addition, Modulr will be joining the Digital Pound Foundation’s Payments and Use Cases Working Groups, taking a leading role in both groups in driving the foundation’s agenda and thought leadership in these two key areas of their work. Link here

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This podcast episode is sponsored by Provenir. Provenir does more than help with your current tech challenges. They eliminate them. Designed and built to power agility, their cloud-native technology puts your team in control. Loved by Startups. Trusted by Decacorns.Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

Interview with the CEO of Frost, Pawel Oltuszyk." We’re merely scratching the surface of what can be achieved with fintech, and with so much innovation happening in the UK, it’s an ideal place to develop our own fintech and create trends for the rest of Europe and the world to follow. " Frost is an intuitive e-money account powered by cutting-edge automation, streamlining various financial tasks into one place. Read more here

PayPal launches an all-in-one POS solution. The PayPal Zettle Terminal further strengthens PayPal's in-store offering, putting an entire store kit in the palm of small business owners' hands. With its sleek design, Terminal is ready to go right out of the box, with no need for a second device to pair it with. Link here

Zand's Olivier Crespin steps down as CEO. Zand’s CTO, Jamie Chittenden, has been named as interim chief. Mr. Crespin, who is also the co-founder of Zand, left the bank with effect from October 5, the lender said on Tuesday. Link here

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This podcast episode is sponsored by Uncover, the new podcast by ComplyAdvantage. Join CEO Charles Delingpole and his team as they interview compliance leaders, FinTech innovators, and financial crime experts to uncover the latest best practices and industry trends. Subscribe on Apple Podcasts or Spotify today.

Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

ComplyAdvantage launches a new financial crime tool with Resistant AI. With it, customers can now detect previously unknown patterns of behavior and identify new risks faster. It also delivers alert prioritization so organizations can focus on the highest-risk areas and make the best use of their investigative resources. Link here

JPMorgan and Visa to link blockchain payments. JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect. Under the collaboration, Visa B2B Connect will utilise Confirm, a new tool from Liink to validate new accounts for cross-border payments. Link here

State Bank of Pakistan stops Tag’s operations. The Central Bank has made this decision to “protect the interest of the public at large.” It claims it identified violations of its regulatory requirements. Link here

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This podcast episode is sponsored by Privacy Lock. Privacy Lock sets the standard for financial service providers in data privacy compliance.

Protect your business and your customers today. Visit www.pentaprivacylock.com

Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

Exclusive: Q&A with Pav Gill, Wirecard’s whistleblower. Today I have a really special Q&A to share with you. This week I interviewed Pavandeep (Pav) Gill, better known as the Wirecard Whistleblower. Link here.

The seamless use of payment apps across five ASEAN countries is set to be transformational. Indonesia has already connected its payment system with Thailand and will do so with Malaysia and Singapore soon. The fourth country in the network is the Philippines. This would allow customers in these five countries to purchase goods in any other country in the network by merely scanning QR codes. Link here.

Crypto exchange Binance was hacked, and around $100M of Binance Coin was stolen. A Binance spokesperson said that at least $7M of stolen funds have already been frozen. Link here

PayPal will fine up to $2,500 for misinformation. Users are also barred from “the promotion of hate, violence, racial or other forms of intolerance that are discriminatory.” Link here

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Welcome to your daily FinTech news!

In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.

Uber partners with Marqeta, Mastercard, and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, etc. The Uber Pro Card offers customized perks, including up to 10% cashback on gas and 12% on EV charging. Link here.

Chase faces “significant disruption” as the UK app is hit with technical issues. Major outages started on Monday evening and continue to affect the service. Chase UK CEO Sanjiv Somani wrote to customers yesterday to explain the situation and reassure that “we have teams working around the clock to fix this, and we’ll provide updates." Link here.

Zopa CEO hints at a move into SME lending after nearly 18 years of offering consumer loans. The company completed its shift to being a fully licensed bank and has since expanded its personal lending and savings products. Link here

#FinTechSolutions

Afterpay introduced a new payment solution that gives consumers more choice, flexibility, and time to pay, with transparent terms to support responsible spending. Link here

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Welcome to your daily FinTech news!

Report advising banking institutions in Australia of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. The report has been commissioned after concerns that banks may be “debanking” or simply not agreeing to offer such services to Fintechs, crypto startups, and other industry participants. Link here.

#BreakingNews

Zopa is in talks to raise $100m ahead of IPO. This round would add to the huge $300m the bank raised last October in a “pre-IPO” funding round led by Japanese telecoms giant Softbank. Link here

Xendit lays off 5% of its staff in Indonesia “due to the uncertain macroeconomic situation.” Founded in 2015, Xendit offers a payment gateway service that allows startups and SMEs to process digital payments. Link here.

#Insights

Global payments revenues still rising. The industry has displayed remarkable resilience throughout the pandemic and current macroeconomic challenges," said Dr. Markus Ampenberger. Link here

The most promising FinTechs of 2022. This year’s winners are shaping the future of B2B and B2C financial services, from payments and banking to investing and insurance. Link here