Every month, we put together a rundown of the news related to what is happening in the world of fintech. Enjoy.
Revolut, First Challenger to Break Even – Revolut, full digital bank since 2015, announced this week that they finally broke even, a first in the industry and a validation for such models. On average, it gets between 6,000 and 8,000 new users per day. Read More
Mastercard to Use Facebook Messenger to Drive Digital Payments – Mastercard will use the popular Facebook Messenger platform as a vehicle for encouraging small businesses in Africa and Asia to move to QR-code based mobile payments. Read More
Advancing Blockchain Cybersecurity – A whitepaper designed to develop the understanding of stakeholders in the financial sector on the opportunities and challenges of implementing blockchain technology from a cyber security perspective. Read More
EBA Publishes Its Roadmap on FinTech – The European Banking Authority (EBA) published a FinTech Roadmap delineating its priorities for 2018/2019. This includes the establishment of a FinTech Knowledge Hub to promote knowledge sharing and the adoption of technological neutrality among regulators. Read More
Arizona Becomes First U.S. State To Launch Regulatory Sandbox For Fintech – Arizona has become the first state in the U.S. to adopt a “regulatory sandbox” to shepherd the development of new emerging industries like fintech, blockchain and cryptocurrencies within its borders. Read More
Uber Applies for Dutch Payment License – The tech giant is applying to the central bank for an e-money license, to streamline its payment flows or its Uber Eats and transportation services. The moves comes to support the diversification strategy led by the company. Read More
Amazon Checking-Account Plan Sees Banks as Partner, Not Prey – Amazon is reported to be seeking to further close the payments loop, by partnering with a bank to provide a product similar to checking accounts. Read More