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U.K.’s Revolut Halts Effort to Expand Digital Bank into Luxembourg

British digital bank Revolut withdrew its application for an e-banking license in Luxembourg, after a member of the country’s parliament questioned whether...

Facebook’s Marcus Defends Libra’s Financial Inclusivity

This week, David Marcus, Facebook’s vice president of messaging products, addressed one of the prominent criticisms of the global electronic currency since...

OakNorth, U.K.’s Most Valuable Fintech, Is Lining Up Bank Deals

OakNorth, backed by SoftBank, inked a five-year deal with Dutch bank NIBC, as traditional lenders are eager to team up with innovative...

Facebook Will Square Off Against Amazon, Apple in the Race Towards...

This week, Facebook joined Amazon, Apple and other big tech names as the race to implement a truly global digital currency and...

After a Series of Disasters, Facebook Wants to Make Things Right...

Following a series of privacy and misinformation scandals and increasing regulatory probes, Facebook is keen to improve its image as a force...
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