If FTX’s collapse has taught us anything, it’s that stability is still highly relevant. As Shaunt Sarkissian, group chief markets officer at The Bank of London (TBOL), put it in a recent interview: “People are looking for three things [today]: stability, quality in management and...
Nubank has added a $330 million equity capitalization to its investment in Mexico. The Brazilian digital financial services platform said in a Tuesday (Dec. 6) press release that this brings its investment in the country to $1.3 billion and has become one of the largest foreign investors in...
Ualá and ABC Capital have teamed to offer personal loans in Mexico. This will be a new offering for both companies. It comes as Ualá, which is an Argentine FinTech company, is awaiting approval to finalize its acquisition of ABC Capital, which is a Mexican...
British FinTech startup Revolut is looking at Asia to continue its rapid growth. Revolut has 25 million customers — primarily in Europe — and aims to quadruple that number in three years, Bloomberg reported Tuesday (Nov. 29). To help it reach that target, it’s looking to the Asia-Pacific...
The U.K. will amend its banking rules to help London remain a global finance hub. As Reuters reported Tuesday (Nov. 29), London city minister Andrew Griffith says financial services legislation up for approval in parliament will update financial rule books, make regulators more nimble and cut...
For banks, reimbursing victims of Zelle-related fraud is only a partial solution. It’s a retroactive redress. But to really address the issue, financial institutions (FIs) will need every technologically advanced tool at their disposal. As reported this week, seven of America’s largest banks are crafting a...
Everything’s digital now, and paper check fraud hails from a bygone age, right? Wrong. Data finds the exact opposite, as the glaring problem with remote check capture is that it leaves the actual paper instrument still out there to be altered or able...
In the evolution of FinTech in any given market, there are certain phases and milestones that can be observed. For example, the development of payment applications typically precipitates a wave of digital banks that cater to increased consumer appetite for digital payments. In Saudi Arabia,...
Varo will offer the peer-to-peer payment network Zelle as part of its mobile app, the digital bank announced Tuesday (Nov. 15). With this launch, Varo says it has become the first all-digital bank to offer Zelle in its app without needing a partnership with a bank. “The addition of Zelle...
