Banking
FinTech
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...
FinTech
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...
FinTech
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...
FinTech
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...
FinTech
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...
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)...

