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Posts tagged to European Banking License

Revolut: the Uber of financial services


Traditional banks have long been at an advantage when it comes to customer data due to having access to vast amounts of information that financial technology (fintech) competitors cannot obtain. However, this situation has been changing recently, especially in Europe. New European legislation that was introduced in 2018 called Payment Services Directive (PSD2), and it has put traditional banking products and services under a threat from a new type of digital-first startups. A handful of them have already seen a big growth in users and have broken even operationally. What… Read more