Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
Investment Details:Scotiabank has agreed to acquire a 14.9% pro-forma ownership stake in KeyCorp, the parent company of Ohio-based KeyBank, for $2.8 billion.
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US fintech Tally to shut down after failing to secure “necessary funding” to continue operations
Shutdown Announcement:Tally, a US-based fintech start-up, is shutting down due to its inability to secure necessary funding to continue operations.
The decision...
Nium looks to expand presence in LatAm with new licence applications
Licence Applications:Nium is applying for a Payment Institution licence in Brazil to offer extended payment services, including real-time payments via Pix and...
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Layer2 Financial:Funding: $10.7 million Series A.
Investors: Led by Galaxy Ventures, with participation from Accomplice.
Purpose: To drive market expansion, product development,...
ClearBank secures new Credit Institution Licence from the ECB to expand into Europe
ECB Licence Granted:ClearBank Europe N.V., the European branch of ClearBank, has been granted a Credit Institution Licence by the European Central Bank...
ClearBank secures new Credit Institution Licence from the ECB to expand into Europe
ECB Credit Institution Licence:ClearBank Europe N.V., the European entity of London-based ClearBank, has been granted a Credit Institution Licence by the European...
Unit secures new embedded finance partnerships with Vantage Bank and Lincoln Savings Bank
Partnerships with Vantage Bank and Lincoln Savings Bank (LSB):Unit has struck deals with Texas-based Vantage Bank ($4.2 billion in assets) and Iowa-based...
CloudPay secures $120m funding round led by Blue Owl Capital
Funding Details:CloudPay secured $120 million in a funding round led by Blue Owl Capital, with additional participation from previous investors Hollyport Capital,...
National Bank of Fujairah digitises corporate banking operations with iGTB’s eMACH.ai
Partnership for Digital Upgrade:NBF has partnered with iGTB to upgrade its digital banking capabilities by adopting iGTB’s open finance platform, eMACH.ai.eMACH.ai...
