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Sri Lanka: Recovery Takes Hold

Global Finance

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. International events like Startup Weekend by Techstars, Seedstars and AngelHack, have touched down in Sri Lanka, encouraging a bloom of startups.

Economics 105
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Amsterdam FinTech Startup Expands Across Europe

PYMNTS

Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. The bunq Travel Card is a Mastercard without any foreign exchange fee, and bunq offers a true exchange rate on purchases in foreign currencies.

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Robotics Process Automation Rakes In The VC Cash

PYMNTS

This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

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The Brexit Already Takes Its Toll

PYMNTS

But apart from the poll results, the numbers flooding out of news stories on the Brexit paint a picture of confusion, uncertainty and debate. A 500 percent increase in currency transfers by U.K. dollar marked the steepest decline for the currency in more than three decades, analysts said. 1,500 F inTech startups in the U.K.

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In UK, Banks Lose SMEs’ FX Goodwill

PYMNTS

Big banks have had numerous shots fired across their collective bows in the continuing clash with FinTech startups that have become upstarts. Simply put, according to the World First numbers, SMEs feel that FinTech firms are better at understanding the business needs of smaller firms — to the tune of 85 percent.

Banking 40
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Bitcoin’s Big Halving Countdown And ‘Long Tail Risk’

PYMNTS

And just to get everyone on the same page, for this week’s bitcoin tracker we gathered up a few key numbers that might come in handy when this bitcoin halving event occurs next week. 15,717,057 | Number of bitcoins in circulation (As of June 30). 3,600 | Number of bitcoins generated daily. We’ll find out July 9.