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…
Things we’re reading today include … Mystery creator of Bitcoin identified, new HBO documentary claims – POLITICO Carlos Torres Vila (BBVA): “The reinvention of a bank doesn’t end” Mediobanca CEO says conditions not right for cross-border bank M&A in Europe | Reuters Can Andrea Orcel, Europe’s star banker, create a super-bank? (economist.com) UK strengthens role…
Things we’re reading today include … Bank of America is down: Users report their accounts showing empty balance during widespread outage | The Independent Russian court freezes funds of US banks JP Morgan and Mellon | Reuters Starling Bank fined £29m for ‘shockingly lax’ financial crime controls | The Guardian Starling Bank is simply not…
Things we’re reading today include … DWP asks Universal Credit claimants to supply bank statements for benefit checks – Birmingham Live Lloyds, Halifax and Bank of Scotland banking apps are back online following a two-hour outage | Daily Mail EU cross-border bank mergers pose real risks, Nagel warns – POLITICO The end of LIBOR |…
