Banking

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes as the company shifts its focus towards AI technologies.This marks a...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...

Augmentum Fintech Accepts £186M Cash Takeover Offer

The fintech company agrees to a substantial acquisition bid.Highlights: Augmentum Fintech agrees to a £186 million cash takeover...
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CBSL: Selects SimCorp for front to back reserve management

SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers Announces that the Central Bank of Sri Lanka (CBSL), has signed...

Laybuy: Launches BNPL code of practice

Laybuy, the leading New Zealand-based BNPL provider, published the UK’s first draft Code of Practice for members of the BNPL sector Laybuy established...

CLS & Finastra: Collaborate to deliver netting services to customers

CLS, a market infrastructure delivering settlement, processing and data solutions Agreed to enter into a collaboration to provide Finastra customers with access to...

DIFC FinTech Hive: Continues to lead the innovation agenda in financial services

DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region 17 successful start-ups...

Von der Heydt: Hires the block chain risk specialist Coinfirm

As one of the oldest banks in Europe, von der Heydt has made it its goal to revolutionize traditional banking Coinfirm is a...

Lloyds: Launches new cashback initiative with local retailers

Lloyds Banking Group plc a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009 The new programme with...

CBA: Venture building entity x15ventures throws support behind OwnHome

Xccelerate a fast-tracked program for experienced entrepreneurs and start-up teams to achieve rapid growth through x15ventures funding x15ventures a wholly-owned subsidiary of CBA,...

Capco: Survey highlights need for consumer education

Capco is a global technology and management consultancy dedicated to the financial services industry Over the past year, more than ten million people...

iStox: Signs MoU with Chongqing Monetary Authority

Singapore-regulated financial technology company iSTOX has taken a major step towards expanding into the China market iSTOX a multi-asset digitised securities investment platform...
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