You are just as strong as your weakest link A few days ago, Revolut confirmed that it had disclosed sensitive customer information relating to a limited number of customers to an unauthorised third party after receiving fraudulent information requests through an email address using a legitimate government-agency domain. What's worse, this potentially disclosed information went far beyond basic contact details. It reportedly included identity documents, verification informatio

Investors can find the best ROI on the market and still struggle to access their own money later. Banks are getting stricter and can easily block funds when they are unhappy with any answer about where the money originally came from, which accounts it passed through, or which documents prove the full story. Even a completely legal transaction can face delays or rejection if the bank cannot clearly understand any part of the funds journey. More and more international investors

Viktoria Soltesz recently published an article with Framnex explaining why FinTechs need a payment and banking strategy before they build their infrastructure. A FinTech may work with several banks and payment providers while all of them still depend on the same bank, processor or payment route behind the scenes. This means one change in pricing, risk appetite or supported markets can affect several providers at the same time. A payment and banking strategy helps FinTechs und

Viktoria Soltesz recently moderated a FinTech by HIPTHER panel about a common problem: do businesses actually know what they need when choosing a payment provider, or do they simply buy what providers sell them? Together with Ugnė Palijanskaitė from Enable Banking and Saulius Racevicius from PACEP, they discussed why Europe has so many payment companies and whether having so many providers actually helps businesses. The main questions were: Why do we have so many payment prov

Financial crime grows every year, while banks and financial institutions invest billions to fight it. Compliance, transaction monitoring and Anti-Money Laundering programmes are taking over our lives and making business harder every day. But are we doing it right? For some unknown reason, many financial institutions still tick boxes instead of seeing the big picture and focus only on individual transactions, while much larger behavioural changes develop across an account over

Imagine doing everything right, following every rule, passing every check, and then your bank suddenly tells you: “We don’t want your business anymore.” Sounds strange, but unfortunately companies face this problem every day. Being legal and fully compliant does not guarantee that a bank or payment provider will work with you. Banks have their own rules about what they consider risky, and sometimes even a perfectly legal business can look too risky or difficult for them. This