If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic money institutions (EMI), says Anthony Oduu, co-founder and CTO at business-to-business (B2B) cross-border payments provider Verto. According to Oduu, unlike...
March 20, 2023
If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic money institutions (EMI), says Anthony Oduu, co-founder and CTO at business-to-business (B2B) cross-border payments provider Verto. According to Oduu, unlike FDIC-insured financial institutions (FIs) that can use clients’ deposits to […]
November 01, 2023
Luxembourg-based FinTech Mangopay has been granted an electronic money institution (EMI) license by the U.K. Financial Conduct Authority (FCA), the company announced in a Wednesday (Nov. 1) blog post. This license allows the business-to-business (B2B) payment infrastructure provider, which supports over 2,500 platforms and marketplaces worldwide, to offer its suite of services to U.K.-based firms, including issuing […]
