Revolut eyes $1B raise 💸, JPMorgan data access fees 📊, Ant Group to integrate Circle’s USDC 🌐

Revolut is reportedly seeking $1B at a $65 billion valuation in its latest fundraising, just a year after securing a $45 billion deal ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Sign Up |Advertise|View Online TLDR Together With TLDR Fintech 2025-07-14 Don't let your fraud team miss the signals that matter most (Sponsor) Fraud teams rely on risk signals, the data points that can help someone distinguish fraudsters from legitimate users. But connecting siloed data is difficult. So is figuring out which signals will help you fight various types of fraud.   This new guide from Persona offers practical frameworks to rethink your fraud strategy from the signal up.  Find out which signals can help you detect AI-powered fraud, such as deepfakes and synthetic faces. Learn how to use signals to improve automation during onboarding or account recovery.  Get a handy reference for 50+ risk signals you should collect, from behavioral patterns to device fingerprinting. 📥 Get the guide 📱 News & Trends Revolut eyes $1B raise at $65B valuation in new funding round (2 minute read) Revolut is reportedly seeking $1B at a $65 billion valuation in its latest fundraising, just a year after securing a $45 billion deal. The UK neobank continues its global expansion and product diversification as it positions itself alongside fintech giants like Stripe and Ant Group. JPMorgan to charge fintechs for customer data access (3 minute read) JPMorgan plans to impose new fees—potentially totaling hundreds of millions—on fintechs accessing customer bank data, shaking up models for firms like Venmo, Robinhood, and Coinbase. Critics call it an attempt to stifle competition amid regulatory uncertainty, while JPMorgan argues third parties should pay for secure, authorized access to protect consumers. Ant Group to adopt Circle's USDC stablecoin for global blockchain platform (3 minute read) Jack Ma-backed Ant Group is partnering with Circle to integrate USDC into its blockchain platform, supporting treasury management and cross-border payments. As Ant seeks stablecoin licenses in Singapore, Hong Kong, and Luxembourg, the move aligns with its push to grow Ant International after regulatory crackdowns in China. 🚀 Deep Dives & Reports How banks can reclaim low-value cross-border payments (3 minute read) McKinsey outlines how banks can regain share in low-value cross-border payments, a segment increasingly dominated by fintechs. Strategies include investing in real-time payment rails, improving user experiences, and leveraging data insights to offer more competitive pricing and transparent services. Community banks view embedded finance as key to longevity (4 minute read) Smaller banks are increasingly betting on embedded finance to stay relevant, with 88% of surveyed community financial institutions saying they view it as vital for long-term survival. There is growing interest in offering banking services within nonbank platforms, as many institutions are choosing to buy rather than build. As competition from fintechs and big banks intensifies, embedded finance is emerging as a strategic lever, not just an upgrade. Chase's "Punitive" Fee Proposal Could Cripple Open Banking (10 minute read) JPMorgan Chase has quietly introduced a controversial fee schedule for data aggregators, potentially charging as much as 1,000% more than the revenue generated per transaction for some fintechs. The proposed pricing, aimed especially at payments-related API calls, could undermine the economics of open banking use cases like instant ACH, cashflow underwriting, and overdraft avoidance. If adopted, these fees could force fintechs to raise prices, reduce services to lower-income users, or revert to insecure methods like screen scraping — all while giving incumbent banks a stronger grip on customer data. 💻 Launches & Products Goldman Sachs pilots Cognition's AI coder Devin to create hybrid workforce (3 minute read) Goldman Sachs is deploying Devin, the autonomous AI software engineer from Cognition Labs, to augment its 12,000 human developers with plans to scale into hundreds or thousands of AI agents. Backed by Peter Thiel's Founders Fund, Cognition's $4B-valued Devin signals a shift to agentic AI capable of executing multi-step tasks like app development, with Goldman expecting a 3–4x productivity boost as humans and AI form a "hybrid workforce." How the $1,000 'Trump Accounts' for Newborns Will Work (4 minute read) A new policy will give every U.S. baby born between 2025 and 2028 a $1,000 government-funded investment account designed to jumpstart long-term savings. The accounts function like a hybrid IRA, with additional contributions allowed up to $5,000 per year and funds restricted to low-cost stock index investments. Withdrawals are generally locked until age 18, after which the accounts transition into traditional IRAs with standard tax rules and early-use exceptions for things like education or a first home. Ramp introduces AI agents suited for controllers (3 minute read) Designed to automate policy enforcement and prevent fraud, Ramp's new AI agents use context-aware reasoning to manage expense approvals and detect suspicious transactions. Unlike traditional automation, the agents operate independently, offer rationale for decisions, and adapt based on company policy and user feedback. Early customers reported 99% accuracy, with each action logged in an audit-ready trail and escalations triggered only when needed. 🎁 Miscellaneous Fed study flags BNPL risks to housing and personal finance (2 minute read) A new Federal Reserve study warns that buy now, pay later (BNPL) usage may strain consumers' ability to pay for housing, with some users prioritizing BNPL payments over rent or mortgages. The report highlights concerns about rising debt burdens and calls for closer monitoring of BNPL's impact on household financial stability. Bundling Debit with BNPL Is the Next Big Thing in Cards (4 minute read) Klarna is adopting Visa's Flexible Credential framework, enabling a single debit card to act like a hybrid of debit, credit, BNPL, pay-in-four, and even rewards-based payments. Visa CFO Christopher Suh described the setup as giving users the ability to "toggle between funding sources," offering real-time control over how purchases are paid. ⚡ Quick Links Lloyds in talks to buy fintech firm Curve for £138m, Sky says (3 minute read) The 259-year-old Lloyds Banking Group is reportedly in advanced discussions to acquire British fintech Curve for around £138 million (US$186 million). London Stock Exchange to launch private market this year (3 minute read) Pisces will go live by the end of 2025 to help startups and pre-IPO companies raise capital and manage equity more efficiently. Love TLDR? Tell your friends and get rewards! Share your referral link below with friends to get free TLDR swag! https://sparklp.co/328608df/12 Track your referrals here. Want to advertise in TLDR? 📰 If your company is interested in reaching an audience of fintech professionals and decision makers, you may want to advertise with us. Want to work at TLDR? 💼 Apply here or send a friend's resume to jobs@tldr.tech and get $1k if we hire them! If you have any comments or feedback, just respond to this email! Thanks for reading, Rachita Kumar, Matt Cheung & Gabriel Sundaram Manage your subscriptions to our other newsletters on tech, startups, and programming. Or if TLDR Fintech isn't for you, please unsubscribe.