With Wirecard causing major headaches for European fintech companies Revolut is one company poised to take advantage of the situation writes Jim Armitage in the Evening Standard; the payments processing technology that Wirecard uses could come up for auction and Armitage thinks Revolut should put in a bid; this could help the company make quick inroads into the business banking market; Revolut could use some of its recent $500 million funding round to acquire a highly profitable product line that would allow the company to compete with the likes of Adyen and Worldpay. Evening Standard.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.