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Fintechs bask in Bank of England glow

More than 10 per cent of 2017 UK payment card revenues “have been taken by new firms,” and fintechs may not have to mess about waiting for a banking licence to feast at the big banks’ club, with the new breed of non-banks soon to be granted the right to post deposits, or “reserves” with the central bank, at least in the UK. read more

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