Business

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 to enhance payment systems.Discussions show Barclays' commitment to fintech innovation.Barclays...

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...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...
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Edwina Johnson joins MoneyGram as general manager

Edwina Johnson Appointed GM at MoneyGramMoneyGram names Edwina Johnson as the new General Manager for MoneyGram Online International. Johnson brings over 15...

Trading solutions provider CQG agrees to executive ownership deal

Ownership Transition:CQG, a financial trading solutions provider, is set to be acquired by a group of its senior executives.Company Background:Founded...

ICYMI fintech funding round-up: EduFi, Performativ, Due and more

EduFi Funding:Singapore-based EduFi secures $6.1 million in pre-seed funding. Led by Zayn VC, with participation from Palm Drive Capital and others. EduFi...

European regulators agree on new rules for SEPA instant payments

Instant Payments Expansion:European governing bodies agree on new rules to increase the availability of instant payments. Banks and payment service providers offering...

FCA calls for “robust frameworks” to detect fraud and support victims

The UK's Financial Conduct Authority (FCA) urges firms to enhance anti-fraud systems. The FCA's recent review revealed both good and poor practices in...

Canadian Tire reacquires Scotiabank’s 20% stake in its financial services arm in $650m deal

Financial Transaction: Canadian Tire buys back Scotiabank’s 20% stake in its financial services arm, CTFS, through an all-cash transaction valued at around $650 million...

India’s InCred Finance secures unicorn status with $60m Series D funding

Funding News:Indian fintech InCred Finance secures $60 million in Series D funding. Valuation reaches $1.05 billion, making InCred the latest unicorn in...

Block’s Cash App withdraws bid for Irish virtual asset licence

Cash App withdraws VASP license application in Ireland. The peer-to-peer platform sought a license from Ireland’s central bank for virtual asset and cryptocurrency...

Wise temporarily pauses new business onboarding in Europe

Wise temporarily pauses business onboarding in Europe. High demand was cited as the reason for the onboarding freeze. UK businesses onboarding resumes, with...
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