fintech

The collapses of Synapse and Evolve Bank in late 2024 have exposed vulnerabilities within the fintech sector, particularly for companies operating on razor-thin margins. Both firms faced liquidity crises, driven by poor risk management and regulatory pressures, resulting in sudden insolvency. Factors Behind the Failures Industry Implications These failures serve as a wake-up call for

Revolut has taken significant steps in 2024, securing full banking licenses in major global markets, including the United States, Australia, and key parts of Europe. These licenses enable the fintech giant to expand its offerings beyond digital payments, introducing loans, savings accounts, and credit cards under a unified platform. With over 30 million active users