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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OakNorth taps Coconut founder Sam O’Connor to lead business banking unit

Sam O'Connor's New Role: Sam O'Connor, former CEO of Coconut, is now leading business banking at OakNorth Bank. Business Banking Offering: OakNorth Bank's...

US business payment platform Bill reportedly closing on $1.95bn deal to acquire Melio

Acquisition Talks: Bill Holdings, a US financial services platform, is in talks to acquire Melio Payments. Deal Value: The potential acquisition is valued at $1.95...

UK challenger Monument Bank completes £40m Series B raise, eyes more funding

UK digital bank Monument secures £40 million in Series B funding. Dubai Investments increased its stake in Monument from 9.25% to 16.93%. Monument's...

CFPB targets US fintech firms with proposals for increased regulatory scope

The Consumer Financial Protection Bureau (CFPB) aims to subject large tech firms and neobanks to supervisory examinations similar to traditional banks. Proposed regulations...

European regulators agree on new rules for SEPA instant payments

New Rules for Instant Payments in EuropeEuropean Council and Parliament agree on rules for instant payments. Banks and PSPs offering standard euro...

Goldman Sachs reportedly seeks new issuer for General Motors credit card

Goldman Sachs Plans to Sell GM Credit Card ProgramGoldman Sachs is reportedly planning to sell its General Motors (GM) credit card program. ...

Two weeks until FinTech Futures’ AI Insights networking morning

Event Details: AI Insights in FinanceLocation: Blackfriars, London Date: November 22 Host: FinTech FuturesNetworking Event Highlights:Over 200 financial services professionals attended. Exclusive insights...

The Bank of London names Frankie Woodhead as new chief product officer

The Bank of London appointed Frankie Woodhead as its new Chief Product Officer (CPO). Woodhead brings 15 years of experience in business, corporate,...

Italian fintech Qomodo lands €34.5m pre-seed funding

Funding Round: Qomodo, a Milan-based startup, secures €34.5 million in a pre-seed funding round led by Fasanara Capital. Investors: The funding includes credit...
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