Banking

Visa Strengthens Presence with Acquisition of Prisma Medios de Pago

Visa enhances its Latin American footprint by acquiring Prisma and NewPay.Highlights: Visa acquires Prisma Medios de Pago and NewPay in Argentina.This acquisition strengthens Visa's foothold in Latin America.Prisma is...

Bank of Ireland UK Fined $3.7 Million for Delayed Anti-Fraud Tool Implementation

Regulator penalizes the bank for missing critical compliance deadlines.Highlights: Bank of Ireland UK fined $3.7 million by PRA.Penalty...

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.Highlights: Vestwell raises $385 million in Series E funding.Valuation...

Australian AI Fintech Lorikeet Expands with New London Office

Lorikeet sets its sights on international growth by establishing a presence in London.Highlights: Lorikeet opens a new office...
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Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities

Key Points:Partnership Announcement:Rabobank has partnered with Zafin, a Software-as-a-Service (SaaS) solutions provider, to upgrade its pricing, billing, and invoicing capabilities.Objective:The...

Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO

Key Points:New CEO Appointment:Stefan Bollinger appointed as CEO, starting "no later than 1 February 2025". Bollinger is currently an executive at Goldman...

UK money management app Plum raises £16.1m investment

Key Points:New Investment:Plum secured a fresh investment totaling £16.1 million. Investment includes a £13.4 million Series B funding round and £2.7 million...

FCA lifts partner onboarding restrictions on UK fintech Modulr

Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original Order:Modulr was ordered to...

Bank of Clarke partners with Greenlight for family money management solution

Key Points:Objective:Foster "healthy lifelong financial habits" among customers.Service Offering:Bank of Clarke customers can now register for a complimentary Greenlight subscription. ...

Egypt’s MNT-Halan raises $157.5 million, plots regional expansion

Key Points:Funding Sources:International Finance Corporation (IFC): $40 million Other Investors: Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners...

Boku names former NatWest exec Rob Whittick as new CFO

Key Points:Company Background:Headquarters: London and San Francisco Founded: 2008 Services: Localized payment solutions, direct carrier billing, A2A/real-time payments, digital wallet services Clientele:...

CFPB proposes new rule to include payday advances under Truth in Lending Act

Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans. Fees associated with accessing earned wages early...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led by: JP Morgan Payments Participants: Y Combinator, Jack Altman (Alt Capital), Max Altman (Saga Ventures)...
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