Building upon my blog about Revolut the other day, and their need for a banking license, I’ve been accused many times of coming back to a theme that you can only be a bank if you’re a bank with a license. Why do I keep coming back to this theme? It’s all about trust and……

Things we’re reading today include … Nearly 200,000 people have signed petition to stop bank spying powers — Big Brother Watch Government could snoop on Landlords’ bank accounts … (landlordtoday.co.uk) Goldman Sachs removes bankers’ bonus limit – BBC News Deutsche Bank Plans to Double Assets in Southeast Asia, Middle East in 5 Years – Bloomberg……

ING Bank is improving its digital capabilities and offerings as it posted growing mobile banking adoption in the first quarter.  The bank is prioritizing delivering “a superior customized digital experience that is personal, easy, relevant and instant,” Chief Executive Steven van Rijswijk said during the digital bank’s first-quarter earnings call today. The Amsterdam-based bank reported…

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter.   “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.   During the quarter, the card giant added generative AI to its Decision…

With ‌‌the widespread adoption of DevOps, platforms such as StackSpot are emerging as one of the biggest trends in software engineering. By providing common frameworks and components — in a unified environment — they promise to accelerate product delivery, enhance customer value, and optimize the developer experience. Platform engineering offers several advantages over traditional software…

You may not have spotted it this week, but there has been a number of major strategic changes and moves by fintech leader Stripe. I’ve followed Stripe since their founding in 2010, and use them as a poster child of change in finance and technology, as demonstrated by their fast cycle growth from a company……

It’s all about the difference between an emoney provider and a bank … I’ve been having an ongoing debate with a Revolut fan about the fact that they have an emoney licence, as an EMI (Electronic Money Institution), and that they are not a bank in Britain. It’s part of the ongoing debate about their……

This week’s main blog discussions include … There is no next big thing in banking I’ve been trying to think of the next big thing. Someone asked me on a conference call: what’s the next big thing? I’ve always been on top of the next big thing. Whether it’s the metaverse, AI, blockchain, cloud computing……

Block’s Cash App profit and number of users grew in the first quarter as the payments provider integrated buy now, pay later provider Afterpay.   Block, formerly Square, acquired Afterpay in August 2021 for $29 billion but it has had issues integrating the solution with its Cash App Card debit card, Chief Executive Jack Dorsey said…

Tech giant Apple reported record revenue from its services businesses, which include payments and iCloud, and is going knee-deep in its generative AI foray.  “We set an all-time revenue record in services with $23.9 billion, up 14% year over year,” Chief Executive Tim Cook said during the company’s second- earnings call May 2. The quarter…