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Revolut Launches in USA
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Revolut Launches in USA

Revolut launched its Financial App and debit card in the United States. Since hinting at the launch last year, Revolut claims it already attracted tens of thousands of U.S. customers. Revolut launched in 2015 with a vision to build a Financial Super App – a single app where consumers can […]

Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls
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Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am really pleased to welcome an […]

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
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Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

Traditional banks are losing customers to nonbank competitors because they still lag the digital experience offered by leading fintechs, established specialist companies and major technology companies. In order to stay in the game, retail banks must improve their digital channels’ interface and functionality, according to research by Bain & Company. […]

European Union unsure how to regulate Facebook’s Libra
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European Union unsure how to regulate Facebook’s Libra

The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis. Dombrovskis refers to the “need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient. Libra is described as a “moving target” that […]

Apple Pay is on pace to account for 10% of all global card transactions
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Apple Pay is on pace to account for 10% of all global card transactions

Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to […]

Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks
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Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks

Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business. Dublin-based Fenergo builds solutions for banks and other financial management […]

Starling Bank raises £60 million
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Starling Bank raises £60 million

Starling Bank, “the leading UK digital bank,” has raised £60 million from its existing investors, Merian Global Investors and JTC. The investment will bring the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Starling has opened […]

Revolut rolls out Open Banking tool
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Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger’s app. Revolut teamed up with financial API specialist TrueLayer to enable all of its retail and business customers to see balances and transactions from other high […]

PayPal highlights Venmo profit strategy
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PayPal highlights Venmo profit strategy

PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay […]

Sweden aims to become a FinTech superpower
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Sweden aims to become a FinTech superpower

The Nordics in general and Sweden, in particular, are experiencing a FinTech boom. However, new regulations and investment worries could slow down growth. Sweden’s future is digital. Swedish entrepreneurship is about more than IKEA, H&M and Volvo. In the last three decades, the nation has remade itself into an innovative […]