Rob Fernandes

Fintech strategy & why it matters • Payments Product Leader • Advisor @Pay2Z • Founder @ClearAccept • Exits Metacharge, WePay • Built multiple active PSPs

[Rob Fernandes @rob2775]

After €21.5m fine last year for AML failures, now Ireland central bank @centralbank_ie fines @coinbase a further €4.6m (discounted to €3.25m) for 5 year breach of its #Emoney licence - improper safeguarding of funds & inadequate outsourcing to parentco. https://t.co/IBOFrc32O8

[Rob Fernandes @rob2775]

Ahead of rules coming into force in January, US financial regulator @USOCC clears last hurdle for its #stablecoin permissions as part of GENIUS act. A final ruling covers requirements for approved coin issuers for #payments, including overseas issuers. https://t.co/xBgeqTJB9z

[Rob Fernandes @rob2775]

.@Mastercard get a clock radio! @Visa get a clock radio! Great success! 🙌 (if reports that Visa are advanced in a $2.5bn deal to buy @FireblocksHQ are to be believed, the neighbours are back at it...) https://t.co/B0NpHiXC6F

[Rob Fernandes @rob2775]

Legendary #ecommerce #marketplace @eBay is set to axe 1000 jobs (9% of their global workforce) per leaked memo. Had previously cut 800 roles (6% of workforce) in just February as part of ongoing re-structuring. It comes ahead of Q3 results due next week. https://t.co/PsFHCGVQpM

[Rob Fernandes @rob2775]

After falling just short of Q3 earnings expectations, UK bank @Barclays has announced it'll cut 5% of its global workforce (5000 people) during Q4. The results miss is in the investment #bank, the solve is via #AI replacing "support" functions. https://t.co/xXHlytdGDY

[Rob Fernandes @rob2775]

SMB #Payments provider @Square moves to @marqeta to power @AmexBusiness credit card for #merchants - first launched in 2023. Pity Square doesn't put as much energy into basic things like #merchant support, which is beyond hopeless by all accounts! https://t.co/Visg0l1Vbh

[Rob Fernandes @rob2775]

@mttjon Outrageous 😉

[Rob Fernandes @rob2775]

Latvia is making a push to rival Lithuania in enabling regulated EU #Fintech businesses. The Baltic country, via its financial regulator @LatvijasBanka, has already issued 20 licenses in 2026, increasing claims to be an EU gateway for compliant Fintechs. https://t.co/phBJSWkNyF

[Rob Fernandes @rob2775]

Looking for levers to shift consumers off card and onto its all-in-one #checkout (card+#BNPL), @Klarna reveal a #DCC killer: Consumer FX. Local #currency choice but no FX cost. For card users can avoid Dynamic Currency Conversion (DCC)'s 3-5% mark up. https://t.co/6hrDM3ltKa

[Rob Fernandes @rob2775]

Enterprise #payments giant @Checkout announces a long awaited move into POS #payments - partnering European rival @MolliePayments for hardware support. Is it as simple as to call this Checkout + Mollie ganging up on @Adyen for top of market #omnichannel? https://t.co/7922BGlmTY

[Rob Fernandes @rob2775]

@inventur_es @ManCityCouncil @PCISSC @ICOnews I mean it's literally in the name mate, Primary Account Number. 😆 The best time to think about having a separate public reference ID was 25 years ago (and the next best time is now). But tokenisation is increasingly negating this.

[Rob Fernandes @rob2775]

Manchester City Council (@ManCityCouncil) has fully embraced #PCI @PCISSC Data Security Standards after "saving images of people’s bank cards on systems and comms tools used by various members of staff". The council has referred itself to @ICOnews. https://t.co/pau0xDQuYB

[Rob Fernandes @rob2775]

@inventur_es @ManCityCouncil @PCISSC @ICOnews Unfortunately legacy core banking systems generate all these templates - and in those systems the PAN is still the primary key for an account so necessary to denote what the correspondence refers to. 🫣

[Rob Fernandes @rob2775]

Norway #AI hackathon winners Jenz raise half a million pre-seed after just four months - for #platform ready to replace #merchants entire #commerce back office via dedicated AI agents that fulfil templated roles across operating schedule. Plans UK launch. https://t.co/fAAKKMHiNB

[Rob Fernandes @rob2775]

Enterprise #payments platform @Checkout expands its partnership with electronics giant @Samsung - running global and local acquiring and acceptance optimisation for them worldwide, while enabling @SamsungPay for all Checkout existing #merchants in return. https://t.co/Nw10cX9Vch

[Rob Fernandes @rob2775]

According to @BuzzFeed a social media post mockingly asking "you use a debit card at 31 years old?" is sparking a US vs UK debate on the merits of different #payment types. In a post-MIF caps & #BNPL world it's pointless trying to compare both markets. https://t.co/hmohXdYV4M

[Rob Fernandes @rob2775]

Founder and former CEO @AnneBoden sells remaining 2.7% stake in @StarlingBank for £1.7bn - 12 years after creating the UK #bank. Focussing on new AI #banking #startup project. https://t.co/Yq0k4jRHS9

[Rob Fernandes @rob2775]

#Bank outages in the UK - @Revolut and @HalifaxBank among them - put down to @googlecloud downtime. https://t.co/qTnUmvc0zI

[Rob Fernandes @rob2775]

@inventur_es @ManCityCouncil @PCISSC @ICOnews Traditional banks do this on statements and chargeback mandates (signing to confirm a dispute). Paperwork has PAN in the clear. The logic is it's just an account number, without expiry/CV2 or EMV chip it's useless... until it isn't (brute force, legacy mag stripe terminal) 🤪

[Rob Fernandes @rob2775]

Fast growing #bank @Revolut hit with major outage this morning - quoting on X "We are currently experiencing a service disruption affecting multiple features". Since it's Tuesday AM it's likely to be early morning release gone wrong. https://t.co/0LSMgrSlZX