Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:
Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
A new processing solution from leading banking-as-a-service provider (BaaS) Contis is set to supercharge the company's growth in the UK and EEA listed countries, enabling client expansion into new geographies. The solution will be available across both small and large banks, fintechs, businesses, and non-finance players in the gaming and gifting sector.
JUST IN:
Yonder is breaking fresh ground, with the removal of its credit score requirement. The change means that millions of people who have poor or no credit score will still be able to apply for Yonder’s card, by using their open banking data.
ALSO:
PayPal and Venmo are increasing their instant transfer fees for both consumers and merchants in the United States in the coming weeks.
FURTHERMORE,
PensionBee voluntarily released its gender pay gap figures again this year to reveal a just 1.6 per cent median gap.
WHAT ARE THE LATEST INSIGHTS:
Y Combinator cofounder Paul Graham once quipped that when it comes to first-time startup founders, “the cutoff [age] in investors’ heads is 32”. He was only partly joking: a perception endures that the best founders will be 19-year-old wunderkinds like Bill Gates and Mark Zuckerberg, or in their early 30s at the latest. Research suggests this attitude may be misguided.