Fintech strategy & why it matters • Payments Product Leader • Advisor @Pay2Z • Founder @ClearAccept • Exits Metacharge, WePay • Built multiple active PSPs
London, UK
Joined July 2009
- Tweets13.9K
- Following1.4K
- Followers1.6K
- Likes833
Americas and Europe card acquirer @elavon joins @SAP partner program to offer embedded #payments within the ERP platform - already supported by #enterprise #payment specialists @Adyen, @Checkout and even @Stripe. businesswire.com/news/home/2…
Serial #fintech PE backer @pollencap agrees a £250m debt facility for Birmingham based UK business lender @Lovey_business. lovey.com/blog/lovey-250m-de…
Yet another UK class action lands with @CATribunal against @Visa and @Mastercard - this one seeks £5 billion damages for #interchange fees. In the past month a £700m claim landed for #merchants, and the "Merricks" £200m consumer action pays out next year! lawgazette.co.uk/news/master…
Per @FT, the @BankofEngland via its #banking regulator the PRA, ordered an expert advisor review of @Revolut's product approval processes to find what risks exist & if internal systems are sufficiently robust. The bank just launched UK personal loans. ft.com/content/ea6d6d50-57c0…
South Korea is latest country to take antitrust action over @Apple & @google's historic enforcement of their own in app #payments systems - fining both nearly $50m. Over the past year both have agreed to open up their platforms to other #payment methods. koreajoongangdaily.com/busin…
Sad news that Nigeria's #BNPL @UseKlump, who raised $1.2m seed, shut down after 5 years. Switched to multi-lender model but found bank integrations and support slow going - despite #banks learning from experience. Recent exit talks also fell through. techpoint.africa/news/klump-…
In the UK @Revolut is dialling up its push towards bank economics by launching personal loans from £2,000 to £25,000 - #credit playbook that it'll need to drive RoE growth & leverage via customer funds, expanding #banking beyond historic subscription fees. cityam.com/revolut-to-take-f…
Mexico's anti trust regulator @AntimonopolioMX launch investigation into electronic #payments and vouchers market for #merchants after complaint about anti-competitive behaviour. @BBVA_Mex & @SantanderMx are dominant acquirers, @EdenredMexico in vouchers. chambers.com/articles/cna-op…
After €21.5m fine last year for AML failures, now Ireland central bank @centralbank_ie fines @coinbase a further €4.6m (discounted to €3.25m) for 5 year breach of its #Emoney licence - improper safeguarding of funds & inadequate outsourcing to parentco. centralbank.ie/news/article/…
Ahead of rules coming into force in January, US financial regulator @USOCC clears last hurdle for its #stablecoin permissions as part of GENIUS act. A final ruling covers requirements for approved coin issuers for #payments, including overseas issuers. occ.gov/news-issuances/news-…
.@Mastercard get a clock radio! @Visa get a clock radio! Great success! 🙌 (if reports that Visa are advanced in a $2.5bn deal to buy @FireblocksHQ are to be believed, the neighbours are back at it...) lnkd.in/p/eaABnJNT
Legendary #ecommerce #marketplace @eBay is set to axe 1000 jobs (9% of their global workforce) per leaked memo. Had previously cut 800 roles (6% of workforce) in just February as part of ongoing re-structuring. It comes ahead of Q3 results due next week. retailgazette.co.uk/blog/202…
After falling just short of Q3 earnings expectations, UK bank @Barclays has announced it'll cut 5% of its global workforce (5000 people) during Q4. The results miss is in the investment #bank, the solve is via #AI replacing "support" functions. cityam.com/barclays-profit-m…
SMB #Payments provider @Square moves to @marqeta to power @AmexBusiness credit card for #merchants - first launched in 2023. Pity Square doesn't put as much energy into basic things like #merchant support, which is beyond hopeless by all accounts! investors.marqeta.com/news-r…
Latvia is making a push to rival Lithuania in enabling regulated EU #Fintech businesses. The Baltic country, via its financial regulator @LatvijasBanka, has already issued 20 licenses in 2026, increasing claims to be an EU gateway for compliant Fintechs. thefintechtimes.com/latvia-i…
Enterprise #payments giant @Checkout announces a long awaited move into POS #payments - partnering European rival @MolliePayments for hardware support. Is it as simple as to call this Checkout + Mollie ganging up on @Adyen for top of market #omnichannel? checkout.com/newsroom/checko…
I mean it's literally in the name mate, Primary Account Number. 😆 The best time to think about having a separate public reference ID was 25 years ago (and the next best time is now). But tokenisation is increasingly negating this.