Tag Archive for: foreign exchange

Wolverhampton Wanderers FC appoints Neo as its Official Foreign Currency Exchange Partner

Premier League club Wolverhampton Wanderers FC has today announced the appointment of Neo, the cross-border payments and foreign exchange (FX) fintech, as its Official Foreign Currency Exchange Partner.

New report finds that 95% of PSPs have had accounts closed or restricted by banks

London, 9 October 2024 – A new report from cross-border payments and FX fintech, Neo, has revealed that 95% of Payment Service Providers (PSPs) have experienced their bank accounts being closed or restricted by their banking partners. Worse still, 71% reported that the closures or restrictions occurred with minimal transparency and no explanation from their bank. The […]

Revolut battles growing pains: Inside a banking licence, a Canary Wharf HQ and a superapp

Revolut’s decision to move into a shiny new Canary Wharf HQ in June came shortly before it won its years-long battle with regulators for a UK banking licence.  The switch to the heart of London’s financial district is symbolic — the fast-growing fintech startup that urged staff to “get sh*t done” is now a respectable name aiming to compete with more established firms. […]