313. News: Copy/paste product

Episode 477 · April 15th, 2019 · 1 hr 4 mins

About this Episode

This week we have some great stories for you as Jason and Adam are joined by a few great guests:

  • Anthony Craufurd, Director, Venture and Startup Engagement at Visa Europe
  • Chris Low, Senior Advisor at Motive Labs
  • Emily Nicolle, Technology Editor at City AM

We kick off the episode by taking a look at Standard Chartered expected to pay just over $1 billion to resolve U.S., U.K. probes. Standard Chartered Plc has agreed to pay $1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries. Chris comments on the importance of it being based on historic violations and Jason wonders if it's only the people who aren't good at avoiding AML that get caught (02:13).

Next up, we talk about London being set to lead the unicorn race. Of the 29 global unicorns, 9 are in San Francisco, 7 are in London and 38% of VC funding went to London with reports suggesting that London will overtake the US tech hub in funding this year, bringing the total number of unicorns up to match or overtake San Francisco. Emily Nicolle remarks that London is the global fintech hub and always has been and Anthony Craufurd adds that the FCA is a dark horse that everybody in the world is copying (08:16).

Other stories include:

  • CMA chides big banks for Open Banking delays
  • N26's competitive edge in Africa
  • Visa branches out
  • And finally, how your cat could be the next voice of the world's first 'miaowing' debit card.

All this and so much more on today's show.

Don't forget to subscribe so you never miss an episode, leave a review on iTunes and let us know your thoughts on the stories @FintechInsiders on Twitter where you can also ask the hosts questions, or email podcasts@11fs.com

This week's episode was produced by Laura Watkins and edited by Alex Woodhouse.

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