Month: December 2020

The challenger maintains “an IPO is still in our sights.”

Just a week after Starling Bank announced it has reached profitability, and suitors are already reportedly queuing up. According to The Times, JP Morgan and Lloyds Banking Group have both expressed interest respectively in the challenger bank. JP Morgan is currently gearing up for a 2021 launch of its own UK digital bank, possibly under its Chase brand, which is little-known in …

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Visa backs the first-ever credit card to offer bitcoin rewards

It’s about to get a lot easier to earn bitcoin thanks to a first-of-its-kind credit card: the Bitcoin Rewards Credit Card. While there are debit cards by Coinbase and Fold that offer bitcoin rewards, this is the first credit card that rewards you with the cryptocurrency, instead of points or miles. Visa and cryptocurrency financial tech company BlockFi have partnered …

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Central Bank of Iceland Launches New Interbank Payment System with SIA

The Central Bank of Iceland (CBI) and SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, have gone live with the new real-time gross settlement system (RTGS) and the new instant payment platform. From now on, CBI can rely on a more strategic and modern infrastructure for its high and low-value payment …

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Lloyds is world’s first bank live on Swift gpi instant

Lloyds Banking Group is the first financial institution live on Swift’s new gpi instant connection service. Ed Thurman, Lloyds: “The gpi instant service is set to be a game changer in cross-border payments” Swift claims that gpi instant enables consumers and businesses to send payments “in seconds” across borders and “around the clock”. Instant connects …

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Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut  has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with …

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