Bulgaria’s Paynetics acquires UK neobank Novus
Bulgaria-based embedded finance firm Paynetics has acquired Novus, a B-Corp-certified digital bank in the UK.
Novus, founded in 2020, is an "impact neobank"...
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
The Co-operative Bank in the UK is planning to cut around 400 jobs across its business.
This move is part of a cost-reduction...
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
George Schmidt, formerly the senior VP of marketing at Tide, has been promoted to the position of regional CEO for the UK and...
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
Anext Bank, a digital wholesale bank based in Singapore, has reportedly received an additional SDG 200 million ($148.5 million) investment from its parent...
AccessPay bags $24m in mix of equity and debt to fuel product development plans
UK-based fintech AccessPay has secured $24 million in a strategic funding round led by Silicon Valley-based venture capital firm True Ventures.
The funding...
Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks
Signicat, a European provider of digital identity solutions, has acquired SmartWorks, its counterpart in Iceland. The financial terms of the acquisition have not...
BNY Mellon deploys AI supercomputer from Nvidia
BNY Mellon, a US-based banking heavyweight, has deployed Nvidia’s AI supercomputer, DGX SuperPOD with DGX H100 systems.
The deployment was completed ahead of...
Colombian BNPL firm Addi lands $86m in equity and debt funding
Colombian buy now, pay later (BNPL) firm Addi has secured $86 million in funding, comprising $50 million in debt financing from Goldman Sachs...
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee, a mobile banking app designed for kids and teens, is set to launch in the Kingdom of Saudi Arabia (KSA).
Founded in...
