FE fundinfo snaps up wealth management fintech Dericon
Acquisition Details:Acquirer: FE fundinfo, a UK-based financial data firm.
Target: Dericon, a wealth management fintech based in Frankfurt, Germany.
Acquisition Amount: Undisclosed....
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
LGT in Liechtenstein taps Finastra for instant payments
Partnership Announcement:Entities Involved: LGT (private banking and asset management group) and Finastra (provider of financial technology solutions).
Objective: Launch instant payment services....
Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion
Overview:Acquirer: Spanish paytech PayRetailers.
Target: Transfeera, a Brazilian platform for payment processing and bank data validation.Details of the Acquisition:Assets Acquired: Transfeera’s technology,...
Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants
Overview:Participants: Spanish banking giant Santander and payment services firm Iberpay.
Scheme: One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) by the European Payments...
Real estate investment management start-up Agora lands $34m Series B
Funding Details:Amount Raised: $34 million.
Series: B.
Lead Investor: Qumra Capital (Tel Aviv).
Additional Investors: Insight Partners and Aleph (UK-based).Company Overview:Founded: 2019.
...
BNP Paribas set to buy French life insurance business Neuflize Vie from ABN Amro and AXA
BNP Paribas Cardif Acquires Neuflize Vie: Key PointsAcquisition Overview:Acquirer: BNP Paribas Cardif.
Acquiree: Neuflize Vie.
Sellers: AXA and ABN Amro.
Parent Companies: Neuflize...
Bank Muamalat signs long-term partnership with Backbase for Engagement Banking platform
Partnership and Platform Details:Partnership: Long-term collaboration with Backbase.
Objective: Launch a digital Islamic banking super-app for retail customers.
Supporting Technologies:Core Banking Platform:...
UK challenger GB Bank lands £85m investment
GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million.
Investors:Hera Holdings: £40 million initially, with an additional £40 million...
