Revolut’s UK risk and compliance chiefs are said to have quit; & more!

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NEWS HIGHLIGHT

Revolut’s UK risk and compliance chiefs are said to have quit in a slew of senior resignations in recent weeks amid heightened tensions with regulators and delays to the firm’s banking license. Five Revolut executives have handed in their resignations including UK chief risk officer, Victoria Stubbs; UK Head of Regulatory Compliance, Justine Wootton and UK Money Laundering Reporting Officer (MLRO) Mathew Seneviratne. Link here.

FINTECH NEWS

#donedeal

• Visa is said to be in talks with Airwallex, to join the second extension of its Series E funding round. Link here.

#fintechinnovation

• SumUp launched SumUp Magic Pay, a QR code payment solution for the hospitality sector. At the end of a meal, everyone at the table can receive a copy of the bill, by scanning a QR code on the table. From there, a bill can be split, a tip added, and payment conducted (Apple or Google Pay are both an option. Link here.


• Vantage launched its new social trading product, V Social. V Social is a professional 'social network' that allows traders to auto-copy signals, execute trades, chat and analyze performance. Link here.