By Don Weinland
© The Financial Times Ltd 2016 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Transferwise is best known for its aggressive adverts bashing banks for over-charging customers to move money across borders. But even the most radical disruptors are sometimes forced to do a deal with the devil to achieve what they want.
So Transferwise had to team up with a traditional lender – in this case Raphaels Bank, one of the UK’s oldest private banks – to become the first fintech group to gain access to the country’s Faster Payments Service since the real-time payment system’s launch in 2008. Read more
Last week’s UK referendum has already caused a few wobbles among the country’s financial technology start-ups. Yet the problems created for the UK’s fintech sector by the referendum result could run much deeper. Here are four main reasons why the UK’s aspirations to become a global fintech hub are likely to be hurt by Brexit. Read more
Welcome to the debut of #fintechFT, a regular look every Monday at the latest news, views and comment on digital disruption in financial services. Read more