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Things worth reading: 3rd February 2025
Things we’re reading today include … Barclays hit by major IT outage on tax deadline day – BBC News Moment customers surge around Barclays’ cash machines for ‘free money’ Barclays says IT glitch that locked people out of their accounts has been resolved | UK News | Sky News Santander boss gives major update on……
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Pentagon swaps desk for New York Times reporters for New York Post
Other swaps due to new ‘rotation’ include NPR for Breitbart, NBC for One America News and Politico for HuffPost The Trump administration’s program to shake up media representation at official briefings and press calls in Washington is set to affect the Pentagon, with credentialed media being rotated out of assigned workspaces for media newcomers. The…
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Formance raises $21M to build the AWS for fintech infrastructure
If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors, and funds spread across…
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Things worth reading: 30th January 2025
Things we’re reading today include … Trump Media Launches Fintech Brand With Bitcoin and Crypto Focus – Decrypt Donald Trump lashes out at Federal Reserve after central bank keeps rates steady Formance raises $21M to build the AWS for fintech infrastructure | TechCrunch Failed fintech start-up will leave creditors £100m out of pocket The bank……
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European embedded banking startup Swan adds another $44M to its Series B
French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B that was originally announced in September 2023. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that work…
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Who wants payments on X?
As a long-term and dedicated user of facebook and twitter since the 2000s, it is weird to find that, today, they are no longer useful tools. The feeds are now stacked with Mark Zuckerberg updates, Musk propaganda and worse. The only tool that’s still useful is LinkedIn, although there are issues there too. So it……
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Fintech startup Cushion shuts down after 8 years and over $20 million in funding
Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani posted on LinkedIn about the decision to wind down the company at the end of 2024. In the post, Kesserwani said that “despite bringing multiple new fintech products to…
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Things worth reading: 31st January 2025
Things we’re reading today include … UK fintech jobs market booms Fintech Investment Director At Lloyds Banking Group Highlights Key Financial Technology Trends For 2025 Deutsche Bank profits collapse as German economy reels A message from Christian Sewing on Deutsche Bank’s 2024 results Statistical release: BIS international banking statistics and global liquidity indicators at end-September……
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Five key impacts of #Brexit five years on
Five years ago, on 31 January 2020, the UK left the European Union. Not everyone is happy about this. The number of Britons saying the UK was right to vote to leave the EU has hit its lowest level since the referendum, ahead of the fifth anniversary of Brexit on Friday Right to vote to……
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The Finanser’s Week: 27th January – 2nd February 2025
This week’s main blog discussions include … Five key impacts of #Brexit five years on Five years ago, on 31 January 2020, the UK left the European Union. BBC Verify, the BBC’s fact checking service, just wrote a really interesting report on the impact. They cite analysis in five key areas: trade, immigration, travel, laws……