News: Stripe bids for PayPal, BNPL regulation kicks in, and Nubank secures a Mexican banking licence

**Benjamin Ensor** (0:04)
This is Fintech Insider News. This week, Stripe and Advent reportedly make a bid for PayPal.
Buy Now Pay Later enters a new regulatory era in the UK. Nubank receives banking authorization in Mexico. And a some-sub survey shows how AI is changing the fraud landscape. We'll be tacking all of this and more on today's news show.

**David Brear** (0:28)
Hey folks, David Brear here, CEO of 11FS. Here's something you might not know about me. I get a lot of people trying to impersonate me online. Fake profiles, scam emails, the lot. And a big part of that comes from data brokers. Hundreds of them quietly collecting and selling your personal information. Your phone number, email, home address, job title. All out there and all fueling identity theft, scam calls and spam.
If you've ever searched your own name online, hands up, who hasn't? You'll know how exposed you really are. That's why we've partnered with Incogni. They contact 230 plus data brokers and tell them to delete your information properly and legally under GDPR and CCPA. Doing it yourself would take hundreds of hours. Incogni automates the whole thing and keeps working with repeat removal requests if your data reappears. I tried it and within days saw brokers deleting my data. You can even protect your family members too. Fintech Insider listeners get 60% off an annual plan. Just head to incogni.com/fintechinsider and use code fintechinsider. And yes, it's risk free with a 30 day money back guarantee. You'll find the link in the description.

**Benjamin Ensor** (1:51)
Hello, and welcome to episode 1082 of Fintech Insider News, brought to you by 11FS, the six-time Consultancy of the Year that works with financial providers big and small to build the next generation of financial services. I'm Benjamin Ensor, Director of Research and Strategy here at 11FS.
To help me unpack the biggest and most interesting stories from Fintech and financial services from the past week, I'm joined by a brilliant panel of three guests. First of all, we have a welcome back to the podcast for Alex Marsh, Chief Executive at Salad Group. Hello Alex, please can you introduce yourself to our listeners and tell those of you who don't know a little bit about Salad Group.

**Alex Marsh** (2:31)
Hi Benjamin, it's great to be back. So yes, I'm the CEO of Salad Group. We are on a mission to modernize consumer credit in the UK. So we're a UK Fintech, particularly known for our Salad Personal Loans business where we use open banking data to enable real-time assessment of consumers' affordability.
Hence, providing access where potentially they're locked out of mainstream financial services. Very proud to say, last week one of our team met the King, as we were presented with a King's Award actually for innovation in relation to our underwriting approach, which is very cool. That's reflected then also in the over 15,000 TrustPilot five-star scores. Prior to that though, very proud to say, spent five years at Klarna, including as UK CEO, really excited to get a chance today to talk a bit more about what's happening in that sector in terms of regulation.

**Benjamin Ensor** (3:19)
Thank you, Alex. That sounds fantastic. I'm envious of your team members who got to meet the King. Congratulations.
Okay. We also have a welcome to the show for Danielle Labarbera, Vice President of North America at SomeSub. Welcome to the podcast. Can you introduce yourself and SomeSub, please?

**Danielle Labarbera** (3:42)
Absolutely. Thank you, Benjamin. Thrilled to be here. As you mentioned, I am privileged to lead the North American Business Development Team at SomeSub. We are a full-cycle verification and fraud prevention platform. What that actually means in practice is we help companies, exchanges, wallets, Fintechs, make sure that they're onboarding real users, not fraudsters, and that they're doing it in a way that meets regulations and requirements globally. We have over 4,000 clients. We work with customers such as Duolingo, Vodafone, Bybit.
It's a really exciting place to work. Thank you for having me.

**Benjamin Ensor** (4:21)
Fantastic. Thank you for joining us.
I'm also delighted to welcome to the show Alberto Lazarov, co-founder of Dalatea. Alberto, welcome to the show. Please, could you also introduce yourself and Dalatea to our listeners?

**Alberto Lazarov** (4:36)
Hi, everyone. My name is Alberto, CEO at Dalatea. We help banks automate internal risk processes in Europe.
With one more in mind, we help them make more money. More specifically, we help them risk the risk for their contracts and lower down the provisions they have to keep. We help medium-sized banks and also any other financial entity that gives out credit.

**Benjamin Ensor** (5:03)
Fabulous. Well, welcome.
Well, let's get started. Our first story is that Stripe and Advent International have reportedly made a bid for PayPal. So this is one of the biggest stories which comes from the States, where Reuters reports that Stripe and private equity firm Advent International have made a joint offer to acquire PayPal in a deal that's reportedly worth more than $53 billion. According to Reuters, the offer values PayPal at around a 28 percent premium to its previous closing share price. Neither Stripe nor PayPal nor Advent has commented publicly on the report. So at this stage, it remains a little bit unconfirmed.