Business

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal aims to enhance Brink's logistics capabilities.This acquisition positions Brink's as a...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...
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ClearBank names former Barclays and Starling exec Megan Cooper as new chief product officer

Megan Cooper's Appointment:Megan Cooper appointed as Chief Product Officer (CPO) of ClearBank. ClearBank is a UK-based clearing and embedded banking platform.Previous...

India’s M2P Fintech acquires Goals101 to tap AI-led transaction behaviour intelligence

Acquisition Details:M2P Fintech, based in Chennai, India, has acquired Goals101 for approximately $30 million (INR 250 crore).Integration of Goals101:Goals101's platform,...

Splitit delists from ASX as Motive Partners snaps up controlling stake

Delisting from ASX: Splitit, the white-label BNPL provider, voluntarily delisted from the Australian Stock Exchange (ASX) after private equity firm Motive Partners acquired a...

CaixaBank forms GenAI task force with backing from Microsoft, Accenture and Banco BPI

CaixaBank forms a task force to explore generative AI (GenAI) use cases. The Valencia-based bank has integrated AI into foreign trade and cognitive...

The Clearing House appoints former Truist EVP Sal Karakaplan as new chief strategy officer

Leadership Boost at The Clearing House (TCH)TCH appoints Sal Karakaplan as Chief Strategy Officer. Operates US-based payment networks, clearing over $2 trillion...

UK fintech Ebury acquires Prime Financial Markets to make African debut

Ebury, a UK-based fintech, acquires Prime Financial Markets in South Africa for an undisclosed sum. Prime Financial Markets provides intermediary services, treasury evaluation,...

Former Marqeta SVP Jeff Parker joins Paymentology as new CEO

Jeff Parker appointed CEO:UK-based Paymentology announces Jeff Parker as the new CEO. Parker joins with immediate effect from Marqeta, where he was...

Saudi business lending marketplace Lendo gears up for IPO with $28m Series B

Funding Round Success: Lendo, a Saudi-based business lending marketplace, has secured $28 million in a Series B funding round led by Sanabil Investments,...

Banco Santander migrates corporate and investment banking business to the cloud

Banco Santander migrates its corporate and investment banking business, Santander CIB, to its cloud-native core banking platform, Gravity, launched in May 2022. The...
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