AI
Bright Money lands $62m debt and equity funding
US-based consumer fintech start-up Bright Money secures $62 million in funding, combining debt and equity, for its AI-driven bank aimed at debt-laden consumers.
FactsBright...
Banking
Switch2Zero appoints Galileo CEO Derek White as chairman
UK-based digital sustainability platform Switch2Zero appoints Derek White as its new chairman, bringing extensive experience in global fintech and technology leadership.
FactsDerek White, CEO...
Banking
Raisin appoints former UBS chair Axel Weber as advisor and board member
Berlin-based fintech Raisin appoints Axel Weber, former president of the German Central Bank, as an advisor and board member, amid significant growth and a...
Banking
Deutsche Börse set to take over wealthtech firm SimCorp
Deutsche Börse is set to finalize its €3.9 billion acquisition of SimCorp, a Danish investment management software company, with plans to delist SimCorp from...
Banking
SEC hands $25m penalty to Deutsche Bank subsidiary for AML violations and ESG “misstatements”
The US Securities and Exchange Commission (SEC) imposes a $25 million penalty on DWS Investment Management Americas Inc. (DIMA), a subsidiary of Deutsche Bank,...
Banking
Singapore’s Grab pulls the plug on investment services citing non-viability
Singapore's super-app Grab is discontinuing its retail investment products, GrabInvest, as they are considered financially unviable.
FactsGrab is winding down its retail investment products,...
Banking
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
Bahrain-based Bank ABC is partnering with JP Morgan and the Central Bank of Bahrain (CBB) to introduce a blockchain-based cross-border payment service, aiming to...
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