Banking

Citi Forms AI-Focused Infrastructure Banking Team and Makes First Investment in Japan

Citi aims to enhance its infrastructure banking presence with AI-driven strategies.Highlights: Citi has launched an AI-focused infrastructure banking team.The bank's first investment in Japan signals a strategic expansion.Citi aims...

Citi Strengthens AI Infrastructure Banking Team with Investment in Japan

Citi aims to enhance its AI capabilities through strategic team formation and investment.Highlights: Citi forms a new AI-focused...

New York Finalizes BNPL Rules to Strengthen Consumer Protections

New regulations aim to enhance transparency in buy now, pay later services.Highlights: New York's final regulations for BNPL...

Visa Accelerates AI Leadership in Payment Industry Race

Visa's push for AI supremacy shapes the future of financial technology.Highlights: Visa increases investment in AI technology.The payment...

Tokenization Set to Transform Financial Services Industry, Survey Finds

New survey highlights the rising importance of tokenization in finance.Highlights: A new survey shows rising interest in tokenization...
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Tarabut Gateway lands $32m in Series A funding

Dubai-based Tarabut Gateway, the first and largest open banking platform in the Middle East and North Africa (MENA), has raised $32m in a Series...

Deutsche Bank acquires Numis in £410m deal to build out UK investment banking arm

Deutsche Bank is set to acquire UK independent investment bank Numis in an all-cash deal worth £410m, as it aims to build out its...

TAS acquires fellow Italian software provider Mitobit

Italian banking and financial services software provider TAS has acquired Mitobit, a Milan-based fintech that supplies software solutions for payments, banking, insurance, and fintech...

Fintech Lanistar names Ed Blankson as chief financial officer

London-based fintech platform Lanistar has hired Ed Blankson as its new CFO to support the company's growth. Blankson brings extensive experience in finance and...

Schroders slashes valuations of UK neobanks Revolut and Atom Bank

Schroders Capital Global Innovation Trust, which holds a stake in Revolut, has devalued its investment by 46%, suggesting that £12bn ($15bn) could be wiped...

Valley National Bank taps NayaOne for fintech innovation platform

Valley National Bank has launched an "innovation platform" powered by NayaOne to enhance its collaboration with fintech and meet the evolving digital needs of...

Jack Henry signs three new US clients for its core banking tech

Jack Henry & Associates, a banking technology provider, has added First Community Bank, Sunrise Bank, and Today's Bank to its list of clients for...

Platform One snaps up £1bn worth of assets from SIPP operator Gaudi

UK-based investment platform Platform One has acquired Gaudi Trustees Limited, along with £1bn ($1.4bn) worth of assets managed by Gaudi Limited, a self-invested personal...

Smile Identity acquires Appruve to expand across Africa

Nigerian ID verification platform Smile Identity has acquired Appruve's parent company, Inclusive Innovations, for an undisclosed amount. Smile Identity aims to expand its reach...
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