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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Mastercard taps Japan’s NEC to roll out biometric checkouts across APAC

NEC Leads Mastercard Biometric Checkout ExpansionNEC Corporation is driving the expansion of Mastercard's Biometric Checkout Programme in the Asia Pacific (APAC) region. ...

FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues

Metro Bank's Situation: The bank is on the Financial Conduct Authority's (FCA) financial crime watchlist, confirmed on June 6. Reasons for Listing: The FCA's action...

Nuvei reportedly snaps up Aussie paytech Till Payments for $30.5m

Aussie paytech Till Payments is set to be acquired by Canadian firm Nuvei for AUD 47 million ($30.5 million). A significant drop from...

Q2 Holdings announces leadership shake-up with new senior hires

Leadership Changes at Q2 Holdings:Himagiri Mukkamala, CDO:Over 25 years of experience in enterprise technology. Previously GM of Penguin Edge and CEO...

Moneythor launches Customer Activation Management platform

Moneythor's New Offering: Customer Activation ManagementMoneythor, a Singapore-based company, launched Customer Activation Management. Aim: Help banks achieve long-term customer profitability.Platform Features...

Customers Bank taps Funding Circle for Lending-as-a-Service platform

Adoption of Funding Circle's LaaS PlatformPennsylvania-based Customers Bank is adopting Funding Circle’s Lending-as-a-Service (LaaS) platform. The move aims to expand lending capabilities...

UK fintech Fnality raises £77.7m in Goldman Sachs and BNP Paribas-led Series B

Fnality, a UK-based blockchain payments firm, secures £77.7 million in a Series B funding round led by Goldman Sachs and BNP Paribas. Series...

Saudi Awwal Bank taps Mastercard to fight financial crime with AI

Partnership Expansion: Saudi Awwal Bank (SAB) expands partnership with Mastercard to enhance its financial risk assessment using AI. Technology Adoption: SAB is adopting...

FinTech Wales seeks new CEO as Sarah Williams-Gardener transitions to chair

Leadership Transition:Sarah Williams-Gardener, FinTech Wales’ CEO for three years, is resigning to become the chair of the member association. Effective January 2024,...
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