Fintech Insider Podcast by 11:FS

935. News: Adyen partners with Yapily, Curve unveils an industry first, and after Barclays, are more big bank outages ahead?

9 snips
Feb 10, 2025
Guest
Jade Thomas
Guest
Shachar Bialick
Guest
Stefano Vaccino
Join Stefano Vaccino, CEO of Yapily, Shachar Bialick, CEO of Curve, and Jade Thomas from Primer as they dive into fintech's latest happenings. They discuss Adyen's collaboration with Yapily to boost open banking, enhancing account access for businesses. Shachar unveils Curve's groundbreaking offer of Section 75 protection on all purchases, a first in the digital wallet space. The conversation also touches on the implications of recent banking outages, spotlighting the urgent need for robust operational resilience in the financial sector.
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ANECDOTE

Barclays Outage Impact on Curve

  • Shachar Bialick noticed increased decline rates on Curve's platform due to a Barclays outage.
  • Barclays' crisis team communicated effectively with Curve, enabling them to inform customers.
INSIGHT

Unexpected Functionality During Outage

  • Stefano Vaccino's Barclays accounts functioned correctly during the outage, allowing him to pay taxes and withdraw cash.
  • This incident highlights our dependence on instant access to money and the severity of disruptions.
ADVICE

Redundancy and Customer Trust

  • Maintain redundancy with multiple bank accounts to mitigate the impact of outages.
  • Businesses should focus on regaining customer trust and winning back clients after such incidents.
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