Staff at Monzo have told management they plan to form a union; & more!

Connecting the dots in FinTech This podcast episode is sponsored by Burgopak. Burgopak delivers award-winning innovative packaging solutions for some of the world's leading companies in Fintech. Discover how tangible physical touchpoints are crucial in digital banking with the Burgopak 'Welcome to the club' book; Request your free copy, contact [email protected] NEWS HIGHLIGHT Staff at Monzo have told management they plan to form a union and ask the company to formally recognise it. The move comes against a backdrop of increased economic uncertainty and rising costs for workers in the world’s fifth-largest economy. In the UK, an employer has to formally recognise a union before management is obliged to consult it during things like pay and redundancy negotiations. Link here BREAKING NEWS Ecuador’s congress approves a FinTech law. Ecuador’s National Assembly approved on Sunday the draft law for the development, regulation, and control of technological financial services, known as the FinTech Law, which aims to provide legal certainty to financial technology companies operating in the country, as well as to foreign companies seeking to set up shop and invest in Ecuador. Link here The Reserve Bank of India has announced that the first of its pilot launches of a digital rupee will begin Nov 1st, with a “Digital Rupee — Wholesale segment”. Nine banks will participate in this pilot project, and the use case will be the settlement of secondary market transactions in government securities. Link here