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- 💳 Revolut’s license approval
💳 Revolut’s license approval
is the UK playing it too safe?
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💳 Revolut’s bank license still crawling
📞 AOL hangs up dial-up for good
📊 What fintech leaders are saying
AOL, the OG internet company famous for “You’ve got mail,” is finally unplugging its dial-up internet service.
🚨 Breaking News:
From Sept. 30, AOL’s dial-up, AOL Dialer software, and AOL Shield browser will vanish into tech history.
⚡ Wire Simplified
Dial-up connected to the internet using your telephone line (and made weird robot noises).
AOL gave out free trial CDs in the ’90s, they were everywhere.
AOL became a big name in early internet days, then rebranded in 2006.
Verizon sold AOL and Yahoo to Apollo Global Management in 2021 for $5B.
✔️ Straight to the Point:
AOL is pulling the plug on the tech that defined the early internet, and no, you won’t hear that dial-up noise again.
🎤 Did you ever use AOL dial-up? |
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Bank of England boss Andrew Bailey says there’s no “beef” with the UK government over Revolut’s delayed bank license.
🚨 Breaking News:
Despite reports of tension, Bailey insists the BOE and Treasury are on good terms while Revolut works through its “mobilization” phase.
⚡ Wire Simplified
Revolut got a restricted UK banking license in July 2024 after applying in 2021.
They can only hold £50k in total deposits for now.
Customers are still served via its e-money unit, no deposit insurance yet.
Government wants a speedy approval, tech industry says delays hurt UK competitiveness.
Bailey says stability comes before speed, but is open to fintech-friendly rule changes.
✔️ Straight to the Point:
No public fights here, just a slow and steady process to turn Revolut into a full bank without shaking the system.
Seven days ago I was walking round London thinking:
The two fastest growing tech brands in Europe need to build together.
Enter Project Lovable (Project Europe + Lovable).
The only catch:
We want to do it in 7 days time. Everything needs to be planned in just 7 days.
20
— Harry Stebbings (@HarryStebbings)
6:07 AM • Aug 11, 2025
Today I woke up happy and more hopeful than the last 3 years.
Humans are safe. My job is safe. If you build software, your future is bright.
— Santiago (@svpino)
4:33 PM • Aug 10, 2025
Fintech Talents North America 2025
Fintech Talents North America is the ultimate FinTech event for credit unions, community banks, financial institutions, and FinTechs from across North America. The event offers networking opportunities, workshops, and discussions on the latest trends in FinTech.
Date: September 2–3, 2025 | Location: New York, NY, USA
24 Fintech 2025
24 Fintech is a global FinTech movement that sets the stage for the next chapter in financial technology. The event brings together industry leaders to discuss the future of FinTech, including topics like digital currencies, AI, and open banking.
Date: September 2025 | Location: Riyadh, Saudi Arabia
What do you think about today’s edition? |
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