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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Reserve Bank of India outlines plans for new fintech repository and cloud facility for FS firms

Fintech Repository and Cloud Facility:RBI plans to establish a fintech repository and a new cloud facility. Fintech repository to capture essential information...

DTCC completes acquisition of Securrency, rebrands business as DTCC Digital Assets

DTCC completes acquisition of Securrency Retires Securrency brand renames business to DTCC Digital Assets Managed by Lynn Bishop, DTCC Digital Assets to operate...

Marsden Building Society taps Jade ThirdEye for AML tech

Marsden Building Society Partnership:Marsden Building Society has chosen Jade ThirdEye’s Transaction Monitoring and Customer Screening for anti-money laundering (AML) defense. This move...

SumUp bags €285m in latest funding round to fuel expansion plans

SumUp secures €285 million in fresh funding for international growth and expanding payment services for SMEs. Sixth Street Growth leads the funding round,...

Hungary’s OTP Bank taps iGCB for core banking revamp

OTP Bank's Upgrade: OTP Bank, based in Budapest, Hungary, chooses Intellect Global Consumer Banking (iGCB) for a core banking system upgrade. International Presence: OTP Bank...

VersiFi hires two senior execs from Hazeltree to boost tech and infrastructure development

VersiFi's Executive Team Expansion:VersiFi, a US-based digital asset firm, appoints Sol Zlotchenko and Daniel Zayfman to its executive team.Zlotchenko as Chief...

Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services

Discover Financial Services appoints Michael Rhodes as new CEO and president, effective March 6, 2024. Rhodes will also become president of Discover Bank...

Goldman Sachs reportedly names Paul Camp as new head of transaction banking

Goldman Sachs appoints Paul Camp as head of transaction banking Executives, including former head Hari Moorthy, were fired in September for communications policy...

Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs

Canapi Ventures, a US-based VC firm backed by 70 American financial institutions, raises $750 million in its latest fund, bringing total assets under...
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