Business

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 new policy affects personal and business accounts.Customers are encouraged to apply...

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...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...
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US fintech Bond.AI snaps up Elastech to bolster cloud and data offerings

Arkansas-based fintech Bond.AI acquires US-based company Elastech. Bond.AI aims to enhance its cloud and data capabilities through the acquisition. Bond.AI plans to expand...

German insurtech Wefox secures $55m debt financing from Deutsche Bank and UniCredit

Berlin-based insurtech Wefox secures $55 million in debt financing. Deutsche Bank and UniCredit are the key financiers. The financing is structured as a...

Klarna to establish UK holding company in preparation for billion-dollar IPO

Klarna, the Buy Now, Pay Later (BNPL) giant, plans to establish a new holding company in the UK for its upcoming IPO. CEO...

NatWest engages IBM to revamp chatbot service with generative AI

NatWest selects IBM's Watsonx platform for Cora:NatWest partners with IBM for Cora's enhancement.Cora+ offers more human interactions:Cora+ designed to provide a more...

BNPL fintech Jifiti lands European EMI licence from Swedish regulator

Jifiti, a US-based fintech, has secured an EMI license from Sweden's financial regulator, enabling it to operate in Europe. The license allows Jifiti...

Kentucky-based credit union Park Community names Jana Erny as president and CEO

Jana Erny is the new president and CEO of Park Community, a Kentucky-based credit union. She will take over from Jim Spradlin, the...

National Bank of Georgia taps Ripple for CBDC pilot

The National Bank of Georgia selected Ripple as its technology partner for a digital lari pilot project. Georgia's central bank plans to explore...

Intuit to merge personal financial management subsidiary Mint into Credit Karma

Mint's Standalone Operations End: Mint, the personal financial management business, will no longer operate independently from January 1, 2024. Mint Merged into Credit...

US fintech Payroll Integrations secures $20m Series A funding

Payroll Integrations, a San Diego-based tech firm, secures $20 million in Series A funding led by Arthur Ventures. Founded in 2016 by Doug...
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