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Archive · May 16, 2026

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Story 01

Revolut Offers £1,000 Employee Bonuses to Accelerate Business Banking Growth

Revolut is awarding £1,000 bonuses to employees who bring new business clients onto its platform, aiming to rapidly expand its business banking footprint. By incentivizing staff, Revolut seeks to outpace neobank and incumbent rivals in acquiring SME customers. Competing banks and fintechs may respond by launching their own referral programs or increasing onboarding incentives to retain and attract business clients.

Source: PYMNTS
Also Worth Knowing
№02

Bunq Applies for Mexican Banking License, Targeting Latin America Expansion

Dutch neobank Bunq has filed for a banking license in Mexico, seeking to offer full-service accounts to both local residents and global users. This move puts Bunq in direct competition with Nubank, Revolut, and local fintechs in a crowded Mexican market. Regulatory approval would intensify the battle for deposits and digital wallet share in Latin America’s fastest-growing fintech arena.

Source: PYMNTS
№03

AI-Driven Cyber Attacks Cause $600M Losses at Drift and Kelp DAO

Crypto firms Drift and Kelp DAO suffered nearly $600 million in losses from AI-enabled cyber attacks, exposing persistent vulnerabilities in digital asset platforms. The scale of these breaches is likely to accelerate demand for advanced security solutions and prompt regulators to scrutinize crypto cybersecurity standards. Exchanges and DeFi protocols may face higher compliance costs and tighter onboarding requirements as a result.

Source: PYMNTS
№04

US Senate Banking Committee Advances Clarity Act for Crypto Regulation

The US Senate Banking Committee has moved the Clarity Act, aimed at regulating digital assets, to the full Senate for debate. If enacted, the law would provide long-awaited regulatory certainty for crypto firms and could unlock greater institutional investment in US-based digital assets. Global regulators and market participants will watch closely for signals on how the US intends to police stablecoins and tokenized assets.

Source: Finextra
№05

National Australia Bank Acquires Banked to Bolster A2A Payments

National Australia Bank (NAB) has acquired Banked, a specialist in account-to-account (A2A) payments, to strengthen its digital payments infrastructure. This acquisition positions NAB to compete more aggressively with fintechs and global banks offering instant, low-cost payment rails. Banks and fintechs may pursue further M&A to secure technology and merchant relationships as A2A payments gain traction.

Source: Finextra
The Long Memory
“In Mexico, over 60% of adults remain unbanked, making it a prime target for digital banks seeking rapid customer growth.

Filed under: Payments History · The Long Memory

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