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nexus: The world could be about to wake up to the next big thing in banking

Synopsis With Nexus, it’ll be possible before hitting “Send” to establish if the payment will succeed. For instance, by validating that the recipient’s bank account is operational and checking for compliance with anti-money-laundering rules. The uncertainty associated with traditional one-way communication will become history. ThinkStock Photos In the age of smartphones, international wire transfers belong in money museums. In more than 60 countries, including many developing nations, i...
Wise Plc Facebook Inc Ripple Labs Inc Monetary Authority Of Singapore World Bank Federal Reserve

Nikolay Storonsky: Bored Ex-Lehman Trader Builds $ 6.7 Billion Fortune With A Hot App

A Revolut spokesperson declined to comment on Nikolay Storonskys shareholding. Nikolay Storonsky took seven years to finally quit investment banking, working at Lehman Brothers and Credit Suisse Group AG during his 20s before exiting the industry in 2013. "As a banker Id already reached the maximum," Storonsky, who traded equity derivatives for both banks in London, told Bloomberg four years later. "It became very boring." It was partly career malaise that prompted Storonsky, whos originally fr...
City Of United Kingdom Nikolay Storonsky Pedro Coelho Jim Miller Owen Barron
Source: ndtv.com

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