AGP Executive Report
Last update: 11 hours agoRevolut’s Banking Push: Revolut is now valued at about $115bn and is positioning itself as Europe’s next big bank rival, even as it earns far less per customer than traditional lenders and keeps lending relatively small. UK Banking Transition: Halifax begins shutting down its app from Oct 5 as the 173-year-old brand is phased into Lloyds, with customers urged to migrate quickly. Stablecoin Payments Surge: Visa says stablecoin-linked card payment volume jumped nearly 200% year-on-year, with settlement activity now running at a $20bn annualized rate. Court Orders Osun Freeze: Nigeria’s Federal High Court ordered “Post No Debit” restrictions on Osun State Government accounts across multiple banks over a $13.9m arbitration award. Korea Cyberattack Fallout: South Korea’s financial regulator confirmed a single attacker IP was used across multiple banks and firms, prompting an industrywide security review. Philippines AML Moves: A court froze 116 assets tied to a flood-control plunder probe, including 25 crypto wallets, while Duterte’s impeachment trial nears key witness testimony from AMLC and banks.
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