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UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries

Overview:Entities Involved: UK digital challenger Chetwood Financial and CHL Mortgages for Intermediaries (CMI), purchased from Barossa Asset Purchaser Sarl. Purpose: Expansion of Chetwood's...

Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass

Overview:Entities Involved: Cooperative Bank of Oromia (Ethiopia) and Mastercard. Agreement: New five-year strategic partnership aimed at boosting digital and financial inclusion in Ethiopia.Key...

US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”

Overview:Entity Involved: US Consumer Financial Protection Bureau (CFPB). Target: SoLo Funds, a peer-to-peer (P2P) lending platform. Allegation: Deceiving borrowers about the total cost...

Cache Valley Bank in front-to-back office tech revamp with Finastra

Bank Overview:A community bank with $2.9 billion in assets. Serves Utah and Southern Idaho, USA.Modernization Effort:Upgrading front-to-back office technology with Finastra’s solutions. ...

BIS opens call to private sector participants for Project Agorá

Objective:Collaborate with private sector financial institutions to explore tokenisation in wholesale cross-border payments. Develop a multi-currency ledger for cross-border payments using tokenised commercial...

Chiba Bank to deploy Moneythor personalisation engine for Chibagin app

Partnership with Moneythor:Chiba Bank partners with Singapore-based fintech Moneythor to enhance personalised banking experiences. The bank will utilize Moneythor’s financial services personalisation...

Emirates NBD taps Pine Labs to enhance merchant acquiring services

Partnership Overview:Emirates NBD, a UAE-based banking group, partners with Pine Labs, an Indian merchant commerce fintech, to enhance merchant acquiring services.Implementation...

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