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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French business banking firm Qonto taps Fourthline for onboarding tech

Qonto, a French business banking fintech, partners with Fourthline's onboarding technology. Fourthline, a Dutch compliance regtech founded in 2017, facilitates automatic KYC and...

Credit Union 1 migrates core to Jack Henry’s Symitar platform

Deployment of Jack Henry's Symitar Core Platform:Credit Union 1 (CU1), the second-largest in Alaska, USA, has implemented Jack Henry's Symitar core platform....

Konstantin Zaripov resumes role as managing director of Nebeus after five-year break

Konstantin Zaripov returns to Nebeus as Managing Director (MD) after a five-year hiatus. Nebeus, founded in 2014, is a regulated Virtual Asset Service...

Crypto.com lands EMI licence from the UK’s Financial Conduct Authority

Crypto.com secures electronic money institution (EMI) license from UK's Financial Conduct Authority (FCA). Plans to introduce a range of e-money products tailored for...

New UK fintech start-up Kaldi aims to help millennials and Gen Z save and invest

Kaldi, a UK-based fintech start-up, aims to launch in Q1 2024. The company plans to introduce an "easy-to-understand" savings and investment app for...

UAE fintech start-up Flow48 lands $25m pre-Series A funding

Funding Success: UAE-based fintech start-up Flow48 secures $25 million in a pre-Series A funding round. Investors: The funding round involves a mix of equity and...

Valley Bank CIO Stuart Cook leaves to join start-up True Digital Network as CEO

Stuart Cook Transition:Stuart Cook, former Chief Innovation Officer (CIO) of Valley National Bank, has left after 11 months. He has taken on...

Eurosystem eyes up alternative payment solutions in latest retail payments strategy update

Eurosystem's Retail Payments Strategy UpdatePriorities:Digital euro development Instant payments Cross-border paymentsObjectives of Retail Payments StrategyDevelop pan-European solutions for point-of-interaction...

Italian competition authority interrupts migration of 2.4m Intesa Sanpaolo accounts to Isybank

Interruption by AGCM: The Italian competition authority (AGCM) halts Intesa Sanpaolo's plan to migrate 2.4 million customer accounts to Isybank. Express Approval Required:...
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