TWIF News Briefing - May 24th

This week on the This Week in Fintech podcast, in just 10 minutes, we cover the downfall of brokerage apps post-pandemic, highlighted by Noah Weidner (@noahw) in his article "Signals: The Broker App-pocalypse Is Here," where once-popular platforms like Robinhood have seen a massive drop in active users while established firms like Fidelity and Vanguard continue to thrive. We dive into the fintechionary, remittance, the vital money transfers by foreign workers to their home countries, and how fintech is revolutionising this process by making it faster, cheaper, and more transparent, significantly impacting global economies and reducing poverty. Lastly, we highlight key news, including UK bank fraud losses topping £1 billion and Capchase securing €105 million from Deutsche Bank to support SaaS companies in Europe.