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🇺🇸Revolut yet to file formal US banking licence application, over two years after saying it was submitting a draft application

🇺🇸Revolut yet to file formal US banking licence application, over two years after saying it was submitting a draft application

Happy Monday FinTech Fanatic! Let’s start the week with interesting news that broke right before the weekend, on Friday: Revolut is understood still to be mulling whether to make a final application for a US banking licence. Despite this, the company continues to expand its services in the US

Venture Capital and the Innovation Economy: Key Takeaways from H2 2023's Market Report by SVB

Venture Capital and the Innovation Economy: Key Takeaways from H2 2023's Market Report by SVB

There are 622 Tech Unicorns in the US. Only 13% are profitable, 38% have implemented layoffs, and 49% will need to raise funds in the next 2 years.

Beyond the Hype: What Adyen's Share Slump Tells Us About FinTech's Future

Beyond the Hype: What Adyen's Share Slump Tells Us About FinTech's Future

It's evident in the valuation tales of FinTech giants from Adyen to PayPal to Block. These enterprises, once flaunting a market cap that overshadowed many European banks, witnessed a value erosion of over 70% since August 2021.

UPI-ATMs: Is it the beginning of the end for debit cards?

UPI-ATMs: Is it the beginning of the end for debit cards?

Good morning! Because it’s almost weekend I’ll keep it short 😉 I found this interesting video: Last week, Hitachi Payment Services launched India’s first UPI-based ATM at the Global Fintech Fest in Mumbai. These white-label UPI-ATMs, launched in partnership with the National Payments Corporation of India, allow customers

Real-time payments are the backbone of modern economies

Real-time payments are the backbone of modern economies

Central to the thriving FinTech ecosystem are real-time payments, which have rapidly become the gold standard in numerous markets. Governments worldwide are rallying behind the potential economic upliftment facilitated by these immediate transactions.

FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m

FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m

Today we have some big industry updates from Europe. Let’s start with breaking news from Portugal where FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m, advancing its business solutions.

Redefining SME Banking: A Deep Dive into OakNorth's Success Story

Redefining SME Banking: A Deep Dive into OakNorth's Success Story

In the realm of SME banking, few names have become as significant in recent years as OakNorth. This institution, by leveraging digital advances and a unique ethos, has redefined what it means to be a contemporary bank in this age of digitization.