PE firm Flexpoint Ford acquires loan origination fintech Baker Hill
Flexpoint Ford, a private equity firm, is set to acquire Baker Hill, a cloud-based loan origination fintech company. The acquisition aims to support Baker...
JPMorgan Chase appoints Teresa Heitsenrether to lead AI efforts
JPMorgan Chase has appointed Teresa Heitsenrether as the chief data and analytics officer to lead their artificial intelligence (AI) efforts. CEO Jamie Dimon considers...
Lithuania revokes licence of former Railsr unit
The Bank of Lithuania has revoked the license of UAB PayRNet, a former subsidiary of Railsr, due to serious violations of AML and payments...
US asset managers apply to SEC for bitcoin ETFs
Several major asset managers, including BlackRock, WisdomTree, and Invesco, have applied to the U.S. Securities and Exchange Commission (SEC) for permission to launch a...
Investment app Plum expands offering
Plum, the smart money app, has introduced two new features for stock investors in Ireland. The "Watchlists" feature allows customers to monitor financial instruments...
US paytech Fortis expands into Canada, acquires SmartPay
US paytech company Fortis has expanded into Canada and acquired SmartPay, an embedded payments provider. This move allows Fortis to offer its payment technology...
PayPal to sell up to €40bn of European BNPL loans to KKR
Global investment firm KKR has entered into an exclusive multi-year deal with PayPal to purchase up to €40 billion of buy now, pay later...
Puerto Rico’s Segura Bank taps Temenos to power new digital bank offering
Puerto Rico-based Segura Bank has chosen Temenos to power its upcoming cloud-based digital bank offering targeting mid to high earners in Latin America. The...
Google Cloud launches AI-powered AML offering for financial institutions
Google Cloud has launched a new tool called Anti-Money Laundering AI (AML AI), which uses artificial intelligence to help financial institutions detect money laundering....
