825. News: VRPs, junk fees, deepfakes and Formula 1's biggest new signing

Our expert host Benjamin Ensor is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week, including Yapily and Ant Group bringing Commercial VRPs to Europe, new research from Wise highlighting the impact of junk fees, and Airwallex are getting into Formula 1. PLUS, do you think you could be fooled by a deepfake? Get ready for a mind-blowing scam that cost one bank $25m... This week's guests include: Valentina Kristensen, Director of Growth & Communications at OakNorth Roland Selmer, CPO at Yapily Rina Wulfing, Senior Policy Lead for North America at Wise We cover the following stories from the fintech and financial services space: Ant International and Yapily Launch Europe’s First Commercial Variable Recurring Payments (VRPs) for e-Commerce (04:35) Research from Wise highlights the widespread consequences of junk fees on American consumers (18:35) Airwallex race into partnership with Formula 1 team McLaren (33:36) Australian payments firm Fat Zebra buys open banking outfit Adatree (46:30) HSBC instals the first of ten ‘cash pods’ in towns with no bank branches (55:43) Hong Kong finance worker gives $25m to fraudsters after call with deepfaked CFO (57:43) --------------------------------------- Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.  Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email [email protected]! Learn more about your ad choices. Visit megaphone.fm/adchoices