GFT cultivates core banking capabilities with acquisition of Colombia’s Sophos Solutions
GFT Technologies Acquisition:GFT Technologies is set to acquire Sophos Solutions, a Colombian core banking vendor, from Advent International.
The deal is expected...
Mondu gears up for European expansion with €30m debt financing boost
Mondu secures €30 million debt financing from German bank VVRB.
The deal increases Mondu's credit facility with VVRB to €50 million, following a...
Bread Financial names former Amex CIO Allegra Driscoll as new CTO
Bread Financial Announcement:Allegra Driscoll was appointed as EVP and CTO.
Focus on advancing enterprise technology priorities.
Goal: Expand private-label credit card offerings...
Société Générale reportedly seeks new buyer for neobank Shine
Shine Sale Consideration:Société Générale is reportedly considering selling Shine, the neobank for freelancers and small businesses.
The French banking giant is actively...
Bilt Rewards more than doubles its billion-dollar valuation with new $200m equity investment
Valuation Milestone: New York-based Bilt Rewards reaches a valuation of $3.1 billion after securing a $200 million equity investment.
Key Investors and Leadership Changes:...
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
Cost Reduction Target: The program aims...
BillingPlatform lands $90m growth equity investment from FTV Capital
BillingPlatform secures a $90 million growth equity investment from FTV Capital.
FTV Capital's Kyle Griswold and Richard Liu to join BillingPlatform's board of...
UK fintech ieDigital snaps up AI tech provider Abaka
ieDigital to acquire Abaka for an undisclosed sum
Abaka offers an AI-powered recommendation engine for personalized financial services
Utilizes machine learning and behavioral...
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...
