Wealthtech start-up Alpheya receives investment from BNY Mellon and Lunate
Investment Announcement: BNY Mellon and Lunate invest $300 million in Alpheya, a new wealthtech start-up.
Location and Focus: Alpheya, based in Abu Dhabi...
Berkshire Hathaway sells stake in India’s Paytm for $165m
Berkshire Hathaway Sells Paytm StakeBillionaire Warren Buffett's company, Berkshire Hathaway, sold its entire stake in Indian fintech One 97 Communications (Paytm) for...
European Central Bank highlights continued sector-wide risk in latest Financial Stability Review
Real Estate Struggles:Geopolitical tensions, lacklustre growth, and inflation impact European financial markets.
Residential and commercial real estate markets in the euro area...
Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn
Barclays may cut around 2,000 jobs as part of a £1 billion cost-cutting plan.
Bank managers seek to increase profitability by reviewing proposals,...
Orange launches super-app Max it in Africa
Orange launches Max it super-app in Africa
Developed by Orange teams, it offers telecom, e-commerce, and financial services
Three main service groups: telecom...
UK government publishes findings from the Future of Payments Review
The Future of Payments Review calls for a national payments vision and strategy in the UK.
Authored by Joe Garner, the report identifies...
Irish paytech NomuPay acquires UK-based PSP Total Processing
NomuPay's Acquisition:Irish unified payments platform NomuPay has acquired UK-based payment services provider Total Processing.
NomuPay now "holds, directly or indirectly, 75% or...
Binance CEO exits after pleading guilty to money laundering charges
Binance Guilty Plea:Binance Holdings, operating Binance.com, pleads guilty to US federal charges: anti-money laundering (AML), unlicensed money transmitting, and sanctions violations.
Founder...
Mashreq taps Visa and Ecolytiq to launch climate banking platform
Mashreq's Climate Banking Platform Launch:Developed in collaboration with Visa and climate engagement fintech Ecolytiq.
Utilizes transaction data for personalized carbon footprint analytics.
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