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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LendInvest extends JP Morgan debt financing agreement to £1.5bn

LendInvest has extended its funding agreement with JP Morgan by £500 million, increasing the total value of the account to £1.5 billion. JP...

UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding

UniCredit has acquired a 9% equity stake in Commerzbank. Of this, 4.49% was purchased through an accelerated book building offering for $775 million,...

Payment processor Clowd9 hires former Thredd tech lead Paul Hansford as new CTO

Paul Hansford joins Clowd9, a UK-based cloud-native decentralized payment processing platform, as its new Chief Technology Officer (CTO). Hansford comes with six years...

Paylocity to acquire spend management platform Airbase for $325m

Paylocity has finalized a $325 million deal to acquire Airbase, a spend management platform, to expand its HR and payroll software solutions. The...

Swiss fintech Yapeal unveils new CEO alongside fresh capital boost

Michael Eidel has been appointed as the new CEO of Yapeal, succeeding Thomas Hilgendorff, who will transition to the role of Chief Commercial...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based AI and machine learning company, to enhance trade finance documentation processing and compliance checks. The...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019, has secured a $30 million Series B equity investment from D2 Asset Management, Saluda Grade,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in 2025, offering account-to-account (A2A) payments for greater consumer control and protection via bank transfers. It...

Ghana’s Fido raises $30 million in debt and equity to extend AI-powered lending services across Africa

Fido, a Ghanaian fintech, secured $30 million in debt and equity funding to expand its digital lending services across Africa. The raise includes...
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