Digital Banking | 2023 #11
Weekly news up to Monday, 13th of March 2023
I decided not to list any SVB news updates in this weekly newsletter because this would be too much.
If you want to stay up to date with the latest SVB, and other FinTech news, please sign up for my daily newsletter here 👈
Enjoy this week’s other FinTech news!
The World’s Most Valuable Bank Brands (2019-2023)👇
In terms of combined brand value, China leads with $262 billion to America’s $165 billion.
Read the full Visual Capitalist source article, with more stats and figures here.
That’s 40% of your marketing spend gone before you’ve seen any revenue.
👀 NEWS HIGHLIGHT
This ensures business continuity for Railsr's customers, and more than five million end-users. Railsr will remain headquartered in the City of London.
Gerd Siewert, Engineering Manager at Klarna Kosma tells the story of his “open banking safari” and take you on a journey to explain how Kosma is leading the charge to improve PSD2 coverage and connectivity across Europe — and the world.
Revolut released its 2021 accounts, for the first time showing FY profit. But how important was crypto to the results, and can this continue into 2022 and beyond?
The initial results showed a company in its first year of profit, with the publication thought to be a key move towards gaining a banking license in the UK.
Central bank digital currencies are the digital form of a government-issued currency that isn’t pegged to a physical commodity. They are issued by central banks, whose role is to support financial services for a nation’s government and its commercial-banking system, set monetary policy, and issue currency.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 DIGITAL BANKING HIGHLIGHTS
⭐️ Revolut is taking another step forward towards making crypto more accessible, with a fourth ‘Learn & Earn’ course.
FinTech Meetup in Vegas is just around the corner and I will start and close it with a bang. Join me and let's do this together!
🌎 REGIONAL HIGHLIGHTS
Pismo announced a new capability of its core banking and payments platform: digital lending.
Will Revolut be successful in Asia Pacific?
Senate Democrats, including Elizabeth Warren, called on financial regulators to take action to tackle fraud related to the bank-owned Zelle P2P payments service.
Embedded finance is projected to reach $7 trillion in transaction value by 2026.
Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment.
Clave Créditos S.A. and Santander Consumer S.A. announce an agreement for Clave to digitally originate and service consumer loans in Argentina.
SJML Japan the operator of Habitto, become the first company to register as a deposit-taking intermediary and electronic financial services intermediary in Japan.
ANZ is partnering with two universities to trial offline CBDC payments via smart cards that can be loaded with funds and used like physical cash.
The Central Bank of Nigeria approved operational guidelines on open banking, becoming the first country in the African region to adopt open banking regulations.
MOVERS AND SHAKERS
Nubank added Meta and PayPal veteran David Marcus to its board of directors.