Episode014 — Klarna’s loss, Western Union does What?, Visa eyes FIS

Klarna posts its biggest loss to date, Western Union announces a twist to BNPL and Visa eyes FIS. Meanwhile, Quizmaster Rik continues his singing streak and adds in a theme to the questions.

What in the fluffy bunny was going on in Fintech this week?

Links to stuff we spoke about:-

• The story about Visa eyeing up FIS for acquisition was so fresh the quizmaster didn’t get a chance to formulate a question!
• Alice Beer tells you how to hustle your way to a better bank balance (including getting paid to watch Netflix)
• And take a look here if you want to know how encouraging your employees to have a side hustle makes them more entrepreneurial
• Klarna posts its biggest losses to date but hope to make up for some by charging fees
• Ron Shevlin explains why Klarna is NOT a BNPL platform
• Railsr is going off the rails and this is only part of the story
• Western Union decides to enable people who have no money to be sent money by people that have no money — what could possibly go wrong?
• Elon Musk announces his MasterPlan 3 — sustainable energy for all the earth! To be fair, if anyone could pull it off, it would most likely be him (so long as he doesn’t go broke first)
• Revolut’s auditors are a bit wary of their very late figures, meanwhile Revolut is still trying to get a UK banking license
• Australia’s central bank takes further steps into their CBDC investigation of use cases
• And with some customers being more than 1,000km away from a bank branch it might be a good alternative to cash
• Chris wrote 2 great articles about that ridiculous Gartner headline
• And if you don’t know about “The Banking Scene” community yet then please take a look at the website and why not join Rik and Andrew LIVE every Thursday for a one hour session held under Chatham House Rules with special guests each week

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