Losing $390 million just for missing a few messages.

What we’ll cover today:

💸 Imagine losing $390 million just for missing a few messages.

🤖 Nubank’s CEO Shares Thoughts on AI Touching Financial Services

🚀 Twitter, Now “X”, Entering into Fintech?

🔗 The Event Roundup 

Imagine losing $390 million just for missing a few messages.

That’s what happened to 26 financial institutions.

All because they didn’t follow electronic communication rules.

In today’s world, every email, chat, and post counts.

Skipping compliance can cost you big time.

Here’s the challenge:

• Multiple digital platforms—emails, chats, social media.

• Tracking everything is a nightmare.

• A single slip-up leads to penalties and reputation damage.

Managing all these communication channels isn’t easy, but it’s necessary.

By streamlining communication and staying on top of compliance, financial institutions can avoid hefty fines and reputational damage.

Here’s the whole article

1. Nubank’s CEO Shares Thoughts on AI Touching Financial Services

David Vélez on AI and digital banking: "Today, we can serve a customer that needs a $50 loan profitably. We can serve customers that have $200 to invest profitably." he says.

Here’s the tweet

2. Twitter, Now “X”, Entering into Fintech?

Elon Musk wants to turn X, the social network formerly known as Twitter, into an “everything app.” 

Imagine a single app for your private messaging, news consumption, shopping and even banking. 

In China, WeChat fills that role, and Musk has spoken publicly about replicating that model using X in other countries.

Here’s the whole article

1. Revolut founder sells shares ‘worth up to $300m’ in fintech company

The founder of Revolut, one of the most valuable technology companies in Europe, has reportedly sold shares worth up to $300m (£230m) in the company.

Nik Storonsky, chief executive of Revolut, sold 40-60% of the stock offloaded in last month’s secondary share sale.

2. Lux Capital made its first investment in Brazil, a $4M seed for AI fintech Magie

Brazil fintech Magie raised $4 million in a seed round led by Lux Capital. The company, which has raised $5.1 million in total, is creating an AI-powered financial assistant. 

The current product allows people to send money and pay bills through WhatsApp. 

3. Oracle and J.P. Morgan Payments expand collaboration

J.P. Morgan Payments has announced new and enhanced product integrations within the Oracle ecosystem.

These integrations are designed to streamline payments across treasury, trade, and commerce for mutual corporate clients, according to FF News.