Banking

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment.Highlights: Klarna's stock falls sharply after reporting unexpected Q4 losses.The company's financial performance raised concerns among investors.Klarna's results indicate challenges...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers.Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation.Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech.Highlights: Forbes Fintech 50 adds 20 new companies to...

Jump Raises $80M to Boost AI Operating System for Financial Advisors

The funding aims to enhance AI-driven solutions for wealth management professionals.Highlights: Jump raises $80 million in Series B...
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Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor

Commercial International Bank (CIB) in Egypt has hired Tony Prestedge as an executive advisor to its board of directors. Prestedge is a veteran...

Aussie debt collection fintech InDebted bags $41m Series C

InDebted, an Australian fintech, raised $41 million (A$60 million) in Series C funding. Existing investors Carthona, Reinventure, and Perennial, along with new backers...

Fibabanka debuts first BaaS platform in Türkiye with GetirFinans

Fibabanka launches Türkiye’s first Banking-as-a-Service (BaaS) platform. GetirFinans, a financial services arm of Getir, is the platform's first user. The platform allows non-banking...

Tuum names former Vocalink head David Yates as new chairman

New Chairman: David Yates, a financial services veteran, has been appointed as the new chairman of Tuum, a core banking software firm based...

India’s M2P Fintech reportedly on track to secure $80m funding round

New Funding Round: M2P Fintech is reportedly raising up to $80 million. Lead Investor: Helios Investment Partners is leading the round with a...

Former Capital One VP Fouzi Husaini joins Marqeta as chief AI officer

New Role: Marqeta has named Fouzi Husaini as its new Chief Artificial Intelligence Officer. Responsibilities: Husaini will scale Marqeta’s AI organization, focusing on...

Five Star Bank to begin “orderly wind down” of BaaS offerings

Parent Company: Financial Institutions, Inc. (FII), parent of Five Star Bank and Courier Capital, will commence an orderly wind down of BaaS operations. ...

OneAZ Credit Union to deploy Backbase’s Engagement Banking platform

Partnership: OneAZ Credit Union partners with Dutch digital banking solutions provider Backbase to enhance its digital services. Platform Utilized: OneAZ will use Backbase’s...

US transportation paytech AtoB raises $130m in equity and debt funding

Funding Details: AtoB, a payments solutions provider for the transportation industry, raised $130 million in Series C funding, a mix of equity and...
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