Business

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live testing.Focus on enhancing AI integration in financial services.Participants will explore regulatory...

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...

Ex-Stripe Team Secures $75 Million to Boost Operations Platform

Funding aims to enhance operations for businesses in various sectors.Highlights: Ex-Stripe founders raise $75 million for operations platform.The...

Government Advances Reforms to Secure UK Payments Sector

New initiatives aim to enhance the resilience and efficiency of the payments landscape.Highlights: UK government proposes new reforms...

WealthCom Secures $65M Funding Boost for Expansion

The investment aims to enhance service offerings and accelerate growth.Highlights: WealthCom raises $65 million in Series B funding.New...
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Commonwealth Bank of Australia snaps up business lending platform Waddle from Xero

Commonwealth Bank of Australia (CBA) has acquired the cloud-based invoice lending platform Waddle through its venture-scaling arm x15ventures. FactsCBA acquired Waddle, a Sydney-based fintech...

Israel’s ThetaRay secures $57m to accelerate global expansion

ThetaRay, an Israeli AI-based transaction monitoring and screening solution provider, secures $57 million in funding led by Portage, with participation from existing investors. FactsThetaRay,...

JP Morgan Payments taps Network International to strengthen payments acquiring in the Middle East

JP Morgan Payments has partnered with Network International, an e-commerce enabler in the Middle East and Africa, to enhance its payment services in the...

Emirates NBD makes strategic investment in trade finance tech firm Komgo

Dubai-based banking group Emirates NBD has made a strategic investment in Komgo, a software firm catering to the trade finance industry, through its Innovation...

OTPP snaps up Caledonia Investments’ majority stake in wealth management firm 7IM for £255m

Caledonia Investments has sold its majority stake in Seven Investment Management (7IM) to Ontario Teachers’ Pension Plan (OTPP) for £255 million, pending Financial Conduct...

Alpian CEO Schuyler Weiss resigns to pursue public service in the US

Schuyler Weiss, CEO of Swiss neobank Alpian, resigns to pursue a career in public service in the US. Gianmarco Bonaita, the deputy CEO, is...

Pepper Money agrees to buy HSBC’s New Zealand mortgage portfolio

Australian non-bank lender Pepper Money is set to acquire HSBC's NZ$1.4 billion mortgage portfolio in New Zealand, pending approval by the New Zealand Overseas...

NatWest taps Icon Solutions for payment modernisation

NatWest partners with Icon Solutions to modernize payment workflows using the Icon Payments Framework (IPF) for SEPA compatibility, low-code development, and enhanced customer experiences. Facts...

Wamo strengthens SME services with Modulr BaaS partnership

London-based fintech Wamo partners with Modulr for banking-as-a-service (BaaS) to expand its presence in the UK and Europe. FactsWamo, founded in 2018, offers account...
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