Jose Jimenez Mancha

Interesting move by Revolut, to now try to boost revenues by having targeted advertising. Will be fascinating to see whether there is much uptake from users, as it certainly is an intriguing move. https://lnkd.in/eWrDDR-E

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🏦 This news has been a long time coming. We've been working hard to expand Ryft's partnerships to banks and financial institutions and our partnership with Clearhaus is a big step towards that. Our partners are now able to compete with the likes of Stripe Connect and Adyen for Marketplaces without the huge up front investments. By leveraging Ryft's infrastructure, they can empower their digital platforms to transition from #SAAS to #fintechs. We are proud to be working with Clearhaus, one of Europe's best acquiring banks. If you want to find out more, ping me or one of the team a message! #fintech #embeddedpayments #marketplaces

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Very interesting article in the Financial Times which sums the situation up perfectly. The new entrants have moved the market on with the services delivered, however despite being used for their "free" or innovative services, users still remain wedded to the incumbents. https://lnkd.in/eR3kaGXV

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𝗠𝗼𝗻𝘇𝗼'𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘄𝗶𝘁𝗵 𝗡𝗲𝘄 $𝟱.𝟵𝗕 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 Monzo Bank, the UK-based digital bank, has achieved a $5.9 billion valuation through a recent secondary market share sale, allowing employees to benefit from the company's success without needing to go public. 🌱 𝗞𝗲𝘆 𝗽𝗼𝗶𝗻𝘁𝘀: • Investors such as Singapore’s GIC and StepStone Group have increased their stakes, highlighting strong confidence in Monzo’s future. • Monzo’s recent $190 million raise, part of a larger $425 million Series I, included Alphabet’s CapitalG and GV. • The bank recently reported its first full-year pre-tax profit, with revenues doubling year-over-year. • Serving 20% of UK adults and 6% of UK businesses, Monzo is solidifying its market presence. • Expansion plans are in motion with a focus on Europe and the U.S. as it continues to scale. Monzo's trajectory reflects the growing influence of challenger banks in the global fintech landscape. 🌍💸 Source: https://lnkd.in/ejDQnAYF For more weekly insight and thought-provoking analysis, ensure you get your copy at 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝘆𝘁𝗲𝘀: https://lnkd.in/ev-WMFzG. Make sure you sign up to get your weekly analysis.  #Fintech #Monzo #Growth #ChallengerBanks

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In my edit of the payment headlines the general themes are growth and acquisitions - we hear from the ECB, Tell.money, Mastercard and NatWest [to name just a few]   Here's what caught my eye:   ECB publishes second progress report on digital euro Deel acquires Wise competitor Atlantic Money Digital banking platform Lumin Digital raises $160 million Kpay secures $55 million Series A Crypto.com gains principal Mastercard licence Ecommpay introduces Hosted Payments Page for streamlined payouts Experian and Nationwide Building Society to improve mortgage application process tell.money partners with Enfuce to Deliver PSD2-compliant Open Banking services Corpay acquires GPS Capital Markets Mastercard agrees to £200m settlement for fee overcharging NatWest launches FinTech Growth Programme Cash use in the UK rises for second year in a row Mambu acquires French payments player Numeral   My story of the week: tell.money and Enfuce partnering up to deliver packaged Open Banking services is perfect match up of the skills and expertise. These types of best-of-breed partnerships are good news for the payments industry…may more continue to be forged.  #payments #fintech #innovation Kani Visa

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Spain's Iberpay and Santander are the first participants in the European Payment Council's new OCT Inst scheme for faster international account-to-account payments. The OCT Inst (One-Leg Out (OLO) Instant Credit Transfer) scheme is set to transform the landscape of international payments by bringing the benefits of Sepa to a global scale. Designed to facilitate incoming and outgoing international instant account-to-account based credit transfers, OCT Inst promises faster execution of payments, increased transparency on costs, and improved traceability of payment statuses. Although the scheme went live in November, the postponement of ISO20022 migration for all Sepa schemes meant a replanning of operations by Payment Service Providers (PSPs) and Clearing and Settlement Mechanisms (CSMs). Now, Iberpay is ready to serve as the first CSM for OCT Inst transactions via Santander, while also participating in the scheme as a processor. (Image by Fintech Magazine) #Payments #Fintech #Innovation #InternationalPayments #OCTInst #Sepa

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Accel, the Silicon Valley investor known for backing Monzo Bank, GoCardless, and Synthesia, has raised a $650 million European startup fund 💰 Andrei Brasoveanu, a Partner at Accel, commented on LinkedIn: “When we opened our office in London 24 years ago, Europe’s tech ecosystem was nascent and far from an obvious choice to build a team on the ground. It took another five years for the first unicorn to appear, but now the talent flywheel is spinning and so many fantastic companies have paved the way for the next generation of founders.” According to Dealroom.co, the European and Israeli VC market is now nearly half the size of the US market, with approximately $66 billion invested in 2023... 👇 Read more below 👇 #StartupsMagazine #Startups #Entrepreneur #VC #Funding #VCMarket

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LGT Private Banking will implement Finastra’s payment hub using a MODEL BANK implementation approach, to ACCELERATE its readiness to meet the EU instant payments regulatory timeline 🚀 🏦 📈 By uncoupling payment processing from its core banking platform and implementing Finastra’s FUTURE-PROFF solution, LGT will ALSO now be able to meet the anticipated growth in instant payment volumes while providing the required 24/7 service availability. 👨‍⚖️ 💸 Once implemented, the bank can EASILY adopt other regulatory schemes, such as #SIC5IP in Switzerland, and embrace ongoing modernization, innovation AND growth. 👨‍💻 “Many institutions need to urgently assess whether their current payment processing environment can support the expected increase in volumes and the need to operate 24/7,” said Neil Macro, Vice President, Managing Director – EMEA mid-markets, Payments at Finastra. “This has been a huge priority for us at Finastra; ensuring that banks are fit for the future with our sophisticated payment hubs, including with the option to pay as you grow. Underpinned by open architecture, APIs and our partner ecosystem, our solutions enable banks like LGT to innovate at speed, boost risk management and deliver enhanced services to end-users. For example, the bank can seamlessly implement new functionality to strengthen its instant payments offering, such as Verification of Payee and real-time sanctions screening. We look forward to supporting LGT on further developing its payments services.” Read more on the link below! 👇 Bernhard Strauch #finastra #digitalpayments #instantpayments #regulatorycompliance #payments #privatebanking #fintech #fintechnews

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Monzo Bank has raised another $190 million as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months after Monzo raised $425 million, meaning the London-based company has now raised north of $610 million in 2024, and $1.5 billion since its inception nine years ago. Do you think that Monzo can make it in the US ? I personally don't think so. What about other international markets ? in Europe in key countries like France or Germany, or Latam like Brazil ? Isn't it too late for them to come there and compete locally with the likes of Revolut, Nubank, N26, who locally took over their market. I don't think Monzo would go internationally while applying for a bank license locally. Are we back in 2018? Again I believe going international is great but assuming you can leverage your costs, level your infrastructure, bring competition and innovation, this is what we did back in 2006 with Fortuneo Bank when we went international. What do you think Efi Pylarinou, Jason Mikula, Marcel van Oost, Bryan Clagett ?

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Aevi and Paydock have partnered to to deliver a TRUE omnichannel payment orchestration offering for financial institutions, merchants and ISVs 💸 💳 📱 This partnership unites Paydock’s expertise and agnostic infrastructure in digital payments with Aevi’s advanced in-store payment solutions to EMPOWER ISVs, enterprises, PSPs AND acquirers to seamlessly orchestrate payments across both online AND physical channels. 📈 👏 The solution scales with businesses of ALL sizes, allowing retailers to reduce costs by efficiently adapting to customer payment preferences in-store, from Open Banking to BNPL and ISVs will only need to build their card-present and e-commerce payment infrastructure ONCE, which will give them access to MULTIPLE terminal devices, online check-outs and acquirers. 👨‍💻 “This partnership delivers a truly unified payment orchestration solution to the market. It brings to life our vision of simplifying payments and delivering a seamless, secure and personalized payment experience across all channels to our client base of merchants, ISVs, and financial institutions, offering unified experiences, payment options and agnostic multi-acquiring capability. The collaboration will enable us to further enhance innovation and flexibility in the payments landscape, meeting the evolving needs of our partners and clients.” – Rob Lincolne, CEO of Paydock Read more on the link below! 👇 Sarah Koch Mike Camerling Alex Benjamin Eddie Johnson Alastair Fletcher Simon Lenton Vincent Verpoort Ciaran Cooney Sham Visavadia #paydock #aevi #paymentorchestration #inpersonpayments #digitalpayments #paymentsinfrastructure #money2020usa

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💡emerchantpay's latest Open Banking report is out now! To help businesses navigate Open Banking, emerchantpay conducted research with over 2,000 UK consumers, delving into their attitudes and preferences towards Open Banking in the UK market. Download the first chapter of our new report to explore the Open Banking landscape in the UK and discover the opportunities it can provide for early-adopting businesses: https://bit.ly/4eFYcXJ #eCommerce #onlinepayments #openbanking #fintech

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Big thanks to Modern Lender for the opportunity to discuss MagiClick Digital's work in the mortgage technology space and our focus on reimagining digital experiences for lenders, brokers, and borrowers. 👉 You can read the article here: https://lnkd.in/eGDxBdjY #mortgagetechnology #digitaltransformation #fintech

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There was a time when the digital banking operation model was questioned. Year 2023 marked the end of that era driven Revolut , Nubank and few other more product area specific superstars. The interesting question is what will be the next stage. Do we have a highly concentrated "gigafintech" period in front us or will there be a next wave boosted by AI, tokenisation and increasing horizontal integration. The short term future looks like the former but personally won't believe in "boringly linear" longer term 😊 #digitalbanking

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Just listened to an insightful talk by David Tirado, Revolut VP Profitability and Global Business, at the #Money2020 conference in Amsterdam. Here are his top tips on becoming a partner with Revolut: Understand the Ecosystem: know the structure, what value you d'like to play, and where you fit in. Identify Your Value: determine what you do best and what areas need your expertise. Stay Open: keep an open mind and stay aware of industry developments. Focus on Customers: always prioritize solving customer problems through collaboration. Thank you, David, for these valuable insights! #Money2020 #Revolut #Partnerships #Fintech

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interactive investor has rolled out NatWest’s open banking payments solution Payit™, to enable their customers to deposit funds onto the investment platform IMMEDIATELY! 💸 📊 📲 Powered by open banking technology through payments initiation and AIS, Payit™ by NatWest provides investors with an ADDITONAL digital payment method to be able to manage their investments in a safe and simple way 🏦 ✅ This announcement means that ii investors can link their bank account and enjoy one click digital payments into their ISA, GIA or SIPP with reduced friction caused by the need for a card and OTPs which is available to ALL ii customers with a bank account with access to online banking or a mobile banking app. 👨‍💻 James Hodgson, CEO of Payit™ by NatWest, comments: "We are delighted to be helping interactive investor leverage the benefits of open banking through Payit to streamline and simplify the online experience for their investors. Payit’s safe and secure platform provides a flexible and seamless way for people to make payments directly from their bank accounts and it’s possible with minimal IT integration or disruption. Timing can be an important factor when making investments, so moving funds immediately in real time will improve the experience for many ii customers.” Read more on the link below! 👇 Stephanie Melrose Lynsey Hunt Stuart Harper Raffaele Brusco Christopher Crooks Faye Watt Victoria Scholar Louis F. #payit #interactiveinvestor #openbankingpayments #investmentplatform #openbanking #paymentmethod #bankingapp #digitalpayments

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What is the state of global banks in B2B cross-border payments? We've just published one of the most comprehensive reports we've ever written. Access it here: https://lnkd.in/eceEUJmk Overall, our FXC Intelligence data shows that banks still account for 92% of B2B cross-border payment flows with fintechs growing their share but still a small total share. Throughout all the workshops I've run with these banks recently, the feedback is they very much see cross-border payments as a significant opportunity and all are looking to develop their offerings. Sometimes partnering with the fintechs, sometimes competing with them. Well done to Lucy Ingham, Callum Tyndall and all our team for producing something this significant in the sector. #fxcintelligence #payments #banks #financialservices #fintech #globalpayments Bank of America Barclays BNP Paribas Citi Goldman Sachs HSBC Deutsche Bank Goldman Sachs HSBC J.P. Morgan NatWest Group Societe Generale Standard Chartered UBS Wells Fargo

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What does PSD3 mean for cross-border payments? An excellent deep-dive report by FXC Intelligence's Joe Baker on this critical topic for the sector: The report will get you up to speed fast on the topic and covers: - What is PSD3 and its benefits - PSD3’s impact on open banking - How this may level the playing field between banks and non-banks - What have been the main EU payments initiatives to date - What the European cross-border payments landscape looks like - What are cross-border payments companies doing to prepare for PSD3 #fxcintelligence #payments #fintech #financialservices #regulation #banking #openbanking https://lnkd.in/edXUtYpf

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Monzo Bank's FY24 results are in, and they've hit a 𝐦𝐚𝐣𝐨𝐫 𝐢𝐧𝐟𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐨𝐢𝐧𝐭. Diving deep into the numbers reveals three key drivers behind its impressive growth: 1. Customer Expansion 👤 Monzo's customer base grew from 7.4M in FY23 to 9.7M in FY24, including a doubling of business accounts from 200K to 400K. With 46% of new customers acquired through word of mouth, this organic growth highlights strong customer satisfaction and brand loyalty. 2. New Product Innovations 🆕 The launch of products such as tax-free savings ISAs has attracted 1.3M customers. Monzo Flex (a novel credit card/BNPL hybrid), and overdraft facilities offer higher interest rates and greater financial flexibility. A significant 42% rise in card spend—from £33.6B in FY23 to £47.8B in FY24—demonstrates heightened customer engagement and trust, solidifying Monzo as a preferred choice for daily transactions. 3. Enhanced Profitability and Financial Strength 📈 Monzo’s profit before tax hit £15.4M, marking its first full year of profitability. This milestone underscores effective cost management, diversified revenue streams, and scalable operations. With gross revenue surging 2.5x to £880M, Monzo’s successful monetisation strategies and strong market demand are evident. At the same time, customer deposits soared by 88% to £11.2B, reflecting growing customer confidence and reliance on Monzo as a primary banking institution. Future Growth Trajectories: Strategic Focus Areas 🎯 Monzo aims to expand its consumer base to 11M by FY25, leveraging organic growth and innovative marketing strategies. It plans to venture into mortgages and go deeper into business lending, indicating significant headroom for product diversification and revenue enhancement. Moreover, Monzo's strategic entry into Europe, with an Irish HQ, and exploration of the US market, signals an ambitious geographic expansion plan to unlock new growth avenues.  ___________________ 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐚 𝐭𝐚𝐬𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐥 𝐲𝐨𝐮'𝐥𝐥 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐰𝐢𝐭𝐡 𝐚 𝐖𝐡𝐢𝐭𝐞𝐒𝐢𝐠𝐡𝐭 𝐑𝐚𝐝𝐚𝐫 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧. Supercharge your Fintech IQ with exclusive reports, industry trend breakdowns, and expert analysis on everything shaping the future of finance.  Become a member and steer your business course with actionable intelligence on the winning strategies of leading fintechs - because knowing what's next is the ultimate competitive advantage ➡️: https://lnkd.in/gVfE8Cwg via @WhiteSight #fintech #digitalfinance #digitalbank #profitability #payments #lending #Monzo

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