Revolut Targets Peru Banking License to Accelerate Latin America Expansion
Revolut is seeking a banking license in Peru as part of its strategy to expand deeper into Latin America, marking a significant step beyond its European core markets. The move would allow Revolut to offer full banking services locally, including deposits and lending, rather than operating solely as a payments or e-money provider. Peru is viewed as a strategic gateway due to its growing digital banking adoption and underbanked population. This expansion aligns with Revolutโs broader ambition to become a global financial super-app. It also highlights increasing competition among global fintechs for emerging-market growth. Regulatory approval would position Revolut ahead of several rivals still operating with limited licenses in the region.
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Insight of the Day
๐๐จ๐ฐ ๐๐ ๐๐ฌ ๐๐๐ข๐ง๐ ๐๐ฌ๐๐ ๐ญ๐จ ๐๐จ๐ฆ๐๐๐ญ ๐๐๐ฒ๐ฆ๐๐ง๐ญ ๐
๐ซ๐๐ฎd
Advancements in AI capabilities can be used both to harm and to protect.
Malicious actors are increasingly using accessible and affordable AI-powered tools to automate fraud attempts and reach more victims at scale. Generative AI can improve the quality of written scams and even create deepfake videos or voice clones, making social engineering attacks far more convincing.
These techniques exploit human behavior and emotions, manipulating people into sharing sensitive information or unintentionally compromising security.
As banks have strengthened their cyber defenses in recent years, fraudsters have shifted their focus toward customers. The rise of real-time payments has further narrowed the window to detect and block fraudulent transactions, increasing the pressure on prevention systems.
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But companies are fighting back using AI.
AI-powered fraud detection tools are already preventing millions of dollars from falling into the hands of criminals. According to recent surveys:
- 42% of issuers
- 26% of acquirers
say they used AI to save more than $5 million from fraud attempts over the past two years.
The rapid availability of accessible and affordable generative AI and LLM-based tools has driven widespread adoption across industries. As of early 2025, 78% of organizations were using AI in at least one business function, up sharply from 55% just two years earlier.
While adoption is still in its early stages, these technologies are already transforming how the payments industry detects, prevents, and responds to fraud.
Curated News
๐ณ Payments
GLOBAL PAY Launches Next-Generation Digital Payments in Oman
GLOBAL PAY has unveiled a new digital payments platform in Oman aimed at modernizing the countryโs payments infrastructure. The solution supports faster, more secure transactions and aligns with Omanโs national digital transformation goals.
Source
Ecommpay and NORBr Enable Seamless Global Merchant Payments
Ecommpay has partnered with NORBr to help merchants expand into international markets with localized payment methods. The collaboration reduces friction in cross-border transactions and improves acceptance rates globally.
Source
Akurateco and Aquanow Partner on Crypto Payments Infrastructure
Akurateco and Aquanow are joining forces to deliver scalable crypto payment solutions for merchants and financial institutions. The partnership bridges traditional payment processing with digital asset liquidity.
Source
๐ฆ Banking
Mastercard and Moneythor Personalize FABโs Digital Banking Experience
Mastercard and Moneythor are collaborating with First Abu Dhabi Bank to enhance personalization across its digital channels. The initiative leverages data-driven insights to improve customer engagement and retention.
Source
Monzo Launches Free Tax Tool Ahead of New Digital Rules
Monzo has introduced a free tax tool to help customers prepare for upcoming digital tax reporting requirements. The move strengthens Monzoโs value proposition for freelancers and sole traders.
Source
TS Anil Gains Expanded Role at Monzo After Shareholder Revolt
Monzo CEO TS Anil has received an expanded mandate following investor pressure and governance changes. The development signals renewed focus on execution and profitability.
Source
๐ผ Fintech
Alibaba Backs Instapayโs E-Wallet Expansion in Malaysia
Alibaba is supporting Malaysian fintech Instapay to scale its e-wallet services. The backing enhances Instapayโs infrastructure and accelerates digital payments adoption in Southeast Asia.
Source
Monnai Raises $12M to Power AI-Driven Identity and Risk Decisions
Monnai has secured $12 million to expand its AI-based identity verification and risk assessment platform. The funding supports growing demand for fraud prevention across fintech and e-commerce.
Source
WitnessAI Raises $58M to Secure AI Agents Globally
WitnessAI has raised $58 million to support global expansion and new security tools for AI agents. The funding reflects rising enterprise demand for governance and control in AI-driven systems.
Source
๐ช Crypto
CheckSig Raises โฌ3.5M to Expand Crypto Custody Services
Italian crypto firm CheckSig has raised โฌ3.5 million to scale its digital asset custody and infrastructure offerings. The funding underscores continued investor interest in compliant crypto services.
Source
NYSE Develops Tokenized Securities Platform for 24/7 Trading
The NYSE is developing a platform for tokenized securities that would enable round-the-clock trading. This marks a major step toward integrating blockchain with traditional capital markets.
Source
South Korea Uncovers $102M Crypto Laundering Operation
South Korean customs authorities have exposed a $102 million crypto laundering scheme. The case highlights increasing regulatory scrutiny on illicit crypto flows.
Source
Bermuda Plans Fully On-Chain National Economy
Bermuda is exploring a fully on-chain economic model with support from Coinbase and Circle. The initiative positions the country as a global sandbox for blockchain-based finance.
Source
Bitcoin Volatility Spikes After Exchange Glitch and Macro Fears
Bitcoin briefly plunged to zero on Paradex due to a technical glitch, triggering mass liquidations, while broader prices dipped below $92,000 amid geopolitical concerns. The events highlight ongoing market fragility and infrastructure risks.
Source
๐ WealthTech
Fintel Acquires Pearson Ham Pricing Data Business for ยฃ11M
Fintel has acquired Pearson Hamโs pricing data unit in an ยฃ11 million deal. The acquisition strengthens Fintelโs adviser-focused data and analytics capabilities.
Source
โ๏ธ Regulation
Bitcoin Slides After U.S. Tariff Threats on Europe
Bitcoin prices fell below $92,000 following renewed U.S. tariff threats against Europe. The move underscores cryptoโs sensitivity to macroeconomic and geopolitical signals.
Source
๐งฉ Other
Wrisk Brings Allianz Onboard as Strategic Series B Investor
Wrisk has welcomed Allianz Holdings as a strategic investor as part of its Series B round. The partnership strengthens Wriskโs position in embedded insurance.
Source
osapiens Becomes Unicorn After $100M Financing Round
osapiens has secured $100 million in funding, achieving unicorn status. The investment accelerates growth in sustainability and compliance software.
Source
Forma Innovations Accelerates Growth With Sofco Acquisition
Forma Innovations has completed the acquisition of Sofco, supported by Shawbrook financing. The deal enhances Formaโs manufacturing and engineering capabilities.
Source
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