Welcome to The Fintech Files, your weekly roundup from FN’s fintech correspondent Ryan Weeks, keeping you up-to-date with the latest developments in financial tech and innovation.

Last week, more than 2,000 employees at $5.5bn British digital bank Revolut were offered shares in exchange for lower take-home pay, while co-founders Nikolay Storonsky and Vladyslav Yatsenko gave up their salaries for a year.