FF News Logo
Wednesday, September 17, 2025
FF Awards Leaderboard Banner

Breaking News

Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

June 9 2022

Starling Bank CEO Anne Boden says crypto is very dangerous

Share this post:

Share on LinkedIn Share on WhatsApp

Cryptocurrencies are a “threat to the safety of our payment schemes,” Anne Boden, CEO of U.K. digital bank Starling, warned.

Speaking at the Money 20/20 fintech conference in Amsterdam on Tuesday, Boden said crypto “is very dangerous” as it poses a very huge risk to the existing payment infrastructure.

Read also: Tink and Revolut are partnering for European payments

“A lot of [crypto] wallets are being connected directly to payment schemes,” Boden said. “This is a threat to the safety of our payment schemes around the world.”

However, major payment players are embracing cryptocurrencies — credit card giants Mastercard and Visa opened their networks to digital assets, for example, while PayPal also lets users trade bitcoin and other cryptocurrencies.

“Customers are being scammed,” the Starling chief continued this Tuesday. “We’re spending far more of our time protecting customers from the scammers than we are trying to promote crypto.”

She added that European banks need to implement far tougher know your customer (KYC), anti-money laundering (AML) and onboarding procedures to curb the growing trend.

[mc4wp_form id=”2736″]

Roughly $400 billion has been erased from the combined value of all cryptocurrencies in the past month, as investors were rattled by the collapse of terraUSD, a popular so-called stablecoin that was meant to always be worth $1.

In April, Starling saw its valuation double to over £2.5 billion ($3.15 billion) after raising £130.5 million ($164 million), earmarked for building on the expansion it experienced over the pandemic and facilitating more acquisitions.

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns

    Fintech

     Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance

    Funding

     Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico

    Merchants

     Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering

    Events

     Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize

    Events

     Read more
Sibos | FFNews