Fintech Insider Podcast by 11:FS cover image

882. News: Revolut secures UK banking licence, Plum raises over £16m, and how CrowdStrike paralysed banking.

Fintech Insider Podcast by 11:FS

CHAPTER

Fintech, Cybersecurity, and Modernization Challenges

This chapter examines the implications of fintech companies seeking banking licenses, while addressing a significant cybersecurity incident involving CrowdStrike that exposed systemic vulnerabilities in the banking sector. The discussion highlights the operational risks faced by traditional banks due to outdated technologies and the advantages of new cloud-based fintech solutions. Additionally, it showcases innovative marketing strategies in the fintech space and emphasizes the need for banks to adapt to modern technology to avoid obsolescence.

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