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The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp

Lex Sokolin

In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. It’s not impossible.

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FiServ Q3 Posts Low Single Digit Payments Growth

PYMNTS

In a statement that accompanied the release, CEO Jeffrey Yabuki said that the earnings growth came despite “pressure from lower periodic revenue in the quarter” and tough comparison for EMV card production revenue growth as measured year over year. .

Payments 128
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The LatAm Fintech Market Map: 75+ Companies Disrupting Banking, Financial Services

CB Insights

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Digital Banking. Riverwood Capital, Tiger Global Management.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Estate planning gets a digital makeover. Money management tools are helping people stay independent . get the REPORT on next generation investors.

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Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

Cornerstone recently completed an earnings stress analysis of the roughly 4,400 banks under $50 billion in assets. So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession. costs can be reduced.

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Top 9 Online Digital Payment Processors for Small Businesses (SMB): June 2023

Fintech Labs Insights

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. In comparison, the big 3 each have more than 1 million visits each day! The post Top 9 Online Digital Payment Processors for Small Businesses (SMB): June 2023 first appeared on Fintech Labs SMB Center.

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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

Digital banking company. Deposit price comparison site. Health insurance comparison site. Tags: SMB, merchants, security, payments, POS, credit/debit cards, authorization. Source: Crunchbase. Latest round: $56 million Debt (from Goldman Sachs). Total raised: $154.3 million ($98.3 million Equity, $56 million Debt).