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Fintech Insider Podcast by 11:FS
901. News: After Dark - Revolut to target Middle East, Chase set to offer UK credit cards, and 28% targeted by voice-cloning scams
Sep 30, 2024
Revolut is gearing up to expand into the Middle East, seeking a banking license while celebrating 10 million UK users. Chase is set to launch credit cards in the UK, shaking up the local market. Startling research reveals that 28% of UK adults have encountered voice cloning scams, prompting discussions on security in fintech. Guests share their startup stories, highlighting challenges, innovations, and the need for greater consumer awareness around emerging fraud threats.
55:08
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Quick takeaways
- Revolut's ambitious plans to secure a banking license in the Middle East highlight both growth potential and the challenges of adapting to local markets.
- Chase's upcoming launch of credit cards in the UK aims to leverage their existing customer base and disrupt established credit practices in the region.
Deep dives
Mint Mobile's Innovative Pricing Strategy
Mint Mobile introduces a unique pricing strategy during inflation to attract customers. The company engages a reverse auctioneer to lower its prices, making unlimited premium wireless more affordable for consumers. This approach not only highlights the brand's creativity but also addresses growing financial concerns among potential users. By taking a proactive stance in pricing, Mint Mobile positions itself as a competitive alternative in a challenging economic environment.
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