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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FCA greenlights Klarna for payment and credit services in the UK

The Financial Conduct Authority (FCA) authorizes Klarna to regulate payment and credit services in the UK. The authorization covers Klarna's credit products (Term...

ICYMI fintech funding round-up: Kiwi, ID Finance, Crezco and more

Kiwi Raises $13MIndian credit card fintech Kiwi secures $13 million in a Series A funding round. Led by Omidyar Network India, with...

UK’s Kodelab to provide lending tech for HKMA CBDC pilot with Ripple and Fubon Bank

Ripple and Taiwan’s Fubon Bank choose UK consultancy Kodelab for CBDC pilot with HKMA Pilot aims to integrate simulated CBDC and tokenized real...

Mexican fintech start-up Trafalgar taps Thought Machine for core banking technology

Partnership: Mexican fintech start-up Trafalgar partners with Thought Machine for core banking technology. Technology Leap: Trafalgar aims to be Mexico’s first fintech using cloud-native core...

UK fintech Triver secures £20m debt facility from Avellinia Capital

London-based fintech start-up Triver secures £20 million debt facility with Avellinia Capital. Triver plans to offer over £200 million in funding annually to...

Mastercard’s joint venture receives approval to commence domestic payments in China

Mastercard's joint venture in China, Mastercard NUCC Information Technology, has received formal approval to commence domestic payments. In February 2020, Mastercard NUCC received...

Fils launches as digital ESG infrastructure for payments sector

Fils, a new venture by MFTA chairman Nameer Khan, is launching ahead of COP28. With offices in Dubai and London, Fils is an...

Blue Ridge Bank set to trim BaaS fintech partnerships down to a “limited number”

Blue Ridge Bank, founded in 1893 in Virginia, is a community bank operating in the mid-Atlantic states. The bank plans to reduce its...

Klarna prepares for SEPA instant payments with Form3 partnership

Klarna, a Buy Now, Pay Later (BNPL) firm, has partnered with UK paytech Form3 for payment connectivity in the Single Euro Payment Area...
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