Revolut Secures Full UK Banking License, Enables Loans
Revolut at last launches as an authorised UK bank - UKTN After five years of intense scrutiny, Revolut has officially exited the mobilisation phase and received its full UK banking license today. This allows Revolut to offer FSCS-protected deposits (up to £85k) and finally launch lending products like credit cards and personal loans to its 13 million UK users. https://t.co/px0Pi2xXNq
Know Credit Card Rate Caps: History Shapes Pros and Cons
There are pros and cons to credit card interest rate caps, but either way it is important to understand the history of the industry. https://t.co/GGEbpz5jBU
AI Rebuilds Trust by Linking Evidence, Not Surveillance
AI could become one of the most powerful tools in the fight against financial crime, not by expanding surveillance, but by rebuilding integrity into digital systems. If AI can create stronger evidence chains that connect documents, actions and transactions, it can...
Swiss Lawmakers Threaten Bonus Ban for Bankers
Top Swiss bankers risk bonus ban as lawmakers weigh a crackdown https://t.co/JUIvESnfxa via @bbenrath https://t.co/5Whimos3nX
JPMorgan to Demand More Collateral, Signaling Falling Asset Values
JP Morgan said it will likely (my interpretation) be demanding more collateral for their loans to Private Credit. That means JP Morgan believes the collateral values are down from the loan origination date.
AI Disruption Will Come From Native Firms, Not Incumbents
Great piece by @davideoks about the real story around ATMs & bank tellers (TLDR mobile banking is what actually hurt the profession) Analogy is the impact of AI may not be from incumbent AI adoption but simply from AI native cos...
Wells Fargo Launches Own Stablecoin, Banks Gamble with Deposits
Wells Fargo just filed for the “WFUSD” trademark, which is basically their own dollar-backed stablecoins The Banks and financial institutions hate you, but love your deposits, they can gamble with and your tax dollars that bail them out when they lose...
Creating Universal Financing Infrastructure for Open Underwriting
"We want to build financing infrastructure ... that allows anyone to underwrite anyone" @PaulFram https://t.co/Cc4ufu0Lcr
Institutions Aim to Own DeFi End‑to‑end Stack
"[Institutions] think of DeFi as the opportunity for them to extend and own end-to-end the product they offer from distribution to infrastructure" @PaulFrambot https://t.co/iSjFuEDUZe
Opponents Haven't Urged Fannie/Freddie to Ease Credit Standards
Have any of the people who oppose investors owning “build to rent” housing called on Fannie/Freddie to liberalize their lending standards to lower FICO buyers?
Stripe Pushes Risky In‑app Billing, Leads to Apple Bans
any idea why Stripe would try to convince devs to shoot themselves in the foot with app and move to in app billing? this only works for Epic, not everyone. fishy
BILT Card Launch Dubbed Potentially Worst Ever
People are asking: Is the BILT credit card rollout the worst credit card rollout we've ever seen?
Crypto Firms Settle Instantly; Fintech Still Waits Days
When zero human companies already use crypto But your fintech still requires 3 business days to settle You're not competing with other fintechs anymore You're competing with code that never sleeps
Blend AI with Human Touch for True Digital Success
Digital first does not mean digital only. The winning formula blends AI intelligence with human guidance across every channel customers choose. https://t.co/vo1ytUR8ik
SVB's Collapse Stemmed From Mismanagement, Not Banker Incompetence
"SVB did not fail because it was run by lousy bankers." From an exposed deposit concentration leaving over 90% uninsured to mismatching durations of assets and liabilities, this bank failed precisely because it was poorly managed. https://t.co/iu1KAjz53E
Deepfakes Cost Companies Millions; Traditional Security Fails
Deepfakes aren’t sci-fi. They’re real threats. Cheap, convincing fakes fooled even experts: a 2024 UK finance team lost $25M to AI-generated leaders. Traditional security can’t verify if video or images are real. https://t.co/CpIymYGaON
Worst Loans Hit First as Credit Cycles Collapse
FWIW - As the worst loans are made at the very peak of the credit cycle, credit cycles invariably burst on a LIFO basis. The worst always go first, and frequently through a high-storey window leaving no skid marks.
Stablecoins Enable Uber‑Style Surge Pricing, Threatening Fragmentation
Nice to see that @HyunSongShin has officially recognized that stablecoins open the door to an "Uber Surge Pricing" type liquidity market. [Actual gas markets also clear in a similar way, notably the NBP balancing point system.] The below screenshot is from...
Beyond CX: The Next Frontier in Banking
[New Episode] Joe Pine: What Comes After Customer Experience in Banking. Watch the latest episode with @joepine, the author of Experience Economy: https://t.co/IxymL1KiHq https://t.co/yBfvjgK08C
Stablecoin Earnings Won’t Vanish, Says BoE’s Breeden
BoE's Sarah Breeden currently doing a sterling job explaining to Lord Davies on the Financial Services Regulation Committee why money earned by the BoE on prospective stablecoin deposits wouldn't just disappear from the system. https://t.co/bdMoke431Y
JPMorgan's Loan Write‑downs Expose Private Credit Valuation Fragility
JPMorgan is marking down the value of some software-related loans in private credit portfolios. This highlights how fungible private loan valuations have become at a time of little liquidity, and raises questions about which firms are doing a better job...
Even Millionaires Face Bank Upsell Tactics
A millionaire walked into her bank to renew a fixed deposit. Simple transaction. In and out. But the relationship manager had other plans. "Before we process that renewal, let me show you something better."
Banks Show Earnings
10K @ banks: growth in NII and fees plus positive operating leverage w lower criticized assets, continued share buyback and potential V gains for some. Importantly loans to NDFIs are 17% and diversified by borrower+ tech sector is less than...
IMobile Login Changes Confuse NRI Users, SMS Validation Fails
@ICICIBank_Care have you changed the iMobile login method? How does it work for NRI customers now? How will an overseas telco send you a SMS and you will be able to match it with our phone numbers on your record?...
Robinhood Banking Threatens Discontented Banks with Better Alternative
Robinhood Banking isn’t even fully available to the public yet Banking customers are notoriously ‘high discontent, low action’ Everyone hates their bank, no one does anything about it - there’s never been a better product to swap to. Until now. Banks are...
Subprime Lending Thrives Only on Continuous Growth
Few business models depend on growth like subprime lending. In fact, I'd go so far as to say that without it, it can't exist.
Big Banks Grow Cards in Wealth Hubs; Branches Lag
Big banks can target wealthy areas for credit card growth. Most others? Branch expansion won’t move the needle. https://t.co/yizKsJvyL9
Tillis Hopeful Fed Hurdles Cleared for Warsh Chair Nomination
Sen. Thom Tillis (R-N.C.) said Tuesday he was hopeful that issues surrounding the Federal Reserve would be resolved, allowing Kevin Warsh’s nomination as central bank chair to move forward. https://t.co/7hUfth4Lf9
Bank of America Projects Strong 7% NII Growth
$BAC conference notes no change to solid fundamentals: 1Q expects NII 7% y/y growth, WM DD, IB up 10% with loan growth "out of the gate strong" led by commercial & above H.8 data.
AI Agents Already Using Stablecoin Payment Layers
Stripe launched stablecoin infrastructure Coinbase has Base Ethereum has the rails They're all racing to become the payment layer for AI agents Robot money isn't coming It's already here
How to Fund Apple Cash and Maximize Apple Card Rewards
Just joining the complex Apple Card ecosystem? It's smart to learn how to move your money around, including funding your Apple Cash. Here's a primer that explains how everything interrelates and how to maximize your rewards: https://t.co/ZPP9OBmIZw #applecard #applecash #banking...
Standard Bank Posted R57.3bn Net Interest Income in 2024
Standard Bank is set to report their 2025 Financial Results on the 12th of March. Full Year result for 2024 showed that Standard Bank made R57.3 billion in Net Interest Income. (NII) Interest Income = R157.9 bn Interest Expense = R100.5 bn
Stablecoins Embedding Across Finance, Industry Can’t Ignore Them
The money is the message and it’s one the industry can no longer ignore. Stablecoins are quietly embedding themselves across merchants, PSPs, acquirers, and fintechs, I shared how for January's edition of MPE Magazine: https://t.co/FOKaPjk2h6 @mpecosystem https://t.co/YMkiMaU790
Phone Tap Fees Outpace Flat‑rate Card Charges
Well I just learned that if you phone tap for payments it’s 1.3% surcharge but using your physical card is a flat rate of $0.30. Back to regular cards we go. Hate this stupid surcharge shit. Is it like that...
BPI's Long-Term Appeal Threatened by Rate Cuts
BPI feels like a long term winner. Then again, the Bangko Sentral is lowering rates and NIM compression should follow
Mortgage Intent Index Peaks Highest in Over Two Years
A great dataset I recently got access to: Xactus Mortgage Intent Index. Xactus processes credit pulls in the mortgage application process. The index is based on actual apps. It is highly correlated with the Altos weekly pendings data. Now at highest...
Virtual Addresses Eliminate Sweep Transactions—Join Tempo’s Design Partner Program
Virtual addresses solve having to do sweep transactions We're building @tempo around design partners feedback Come shape the future with us.
HeyBilt Blocks Unlinking External Bank Accounts, Raises UDAAP Concerns
Apparently once you link an external bank account to @HeyBilt you **cannot** unlink it. That feels pretty UDAAP-y. https://t.co/nKf1Jn1So7
Let Digital Handle Routine; Branches Build Relationships
Digital handles routine needs. Branches should focus on complex conversations, community engagement, and relationship building. https://t.co/nOTg9IGJlt
Atmos Rewards Card: Strong Bonus and Ongoing Perks
The Atmos Rewards business credit card is compelling, with a great welcome bonus, plus perks that make it worth holding onto. Here's a detailed review. https://t.co/FUF1q0eEq0
Fintech Overkill: Fraud Controls Lock Users Out
Wow three fintech/banking FUs in 7 days. Overactive fraud controls at @billcom @Chase and now @AmericanExpress. Apparently I need to upload a photo of my nanny’s SSN card to add her to my credit card. Is this 2026?
Small‑Cap Banks Undervalued, Big Banks Overpriced, Deep Value Wins
Long/short financials investor Derek Pilecki of @gatorcapital on: * Why Small Cap Banks Are So Cheap Right Now * Why the U.S. Has Thousands of Banks * His Deep Value Strategy in Financial Stocks * Why Big Banks Are Expensive and Small Banks Are...
Spain Targets 2028 Digital Euro to Cut US Dependence
USD stablecoins guarantee a digital euro; now we have even more proof of this from Spain: “Europe needs a sovereign payment architecture,” and “the noticeable increase in US stablecoin-based financial intermediation increases the urgency.” Spain Pushes for 2028 Launch of...
Worrying About Credit Card Fraud Isn't Rational
While no one wants to deal with credit card fraud, is it rational to worry about it, especially selectively? Here's why I think the answer is "no." https://t.co/YrRjx9Mdvr
Kraken Bypasses TradFi, Builds Bank for Fed Access
Kraken got fed up of waiting on TradFi so it built its own bank to access the Fed — and it just worked https://t.co/KXiaMBmASC https://t.co/TwTkLEnUYo
Bilt Card Subjects Rent Payments to CARD Act Rules
Either rent/mortgage payments are via Bilt card (CARD Act, TILA apply) or they are not. I suspect some users' confusion is due to Bilt's communication of how housing payments work in "Bilt 2.0" https://t.co/vORPcpuwYe
78% of Firms Anticipate Tokenized Collateral by Year‑end
Nasdaq: 52% of Institutions Expect Live Tokenized Collateral by Year-End Shift from "if" to "when": 78% of North American firms expect tokenized collateral to significantly impact their business. Catalyst = recent SEC + CFTC no-action positions allowing digital assets as margin...
Banks Must Align Branches with Digital‑First Strategy
To thrive in the digital age, banks must rethink branch strategy. It’s not about supporting the branch. It’s about aligning branches with digital-first planning. Learn how: https://t.co/7yibAIVrHK https://t.co/47DCJWpqnf
Digital Ambition Needs Execution, Not Just Hype
Credit unions have digital ambition heading into 2026. But ambition alone won’t drive results. In this episode, Jesus Garcia of @OceanAir_CU explores the execution gap, branch expansion paradox, and where AI is real versus hype. Watch the full conversation sponsored by...
Multiple Payments for Card Bill Frustrates Users
well that's just rude.. having to make multiple payments to pay the monthly card bill is all a bit much - thanks BPAY.. not.. https://t.co/6MGklFKw4O