Business
FinTech
Stripe Considers PayPal Acquisition, Strengthening Market Position
Reported interest in acquiring PayPal could reshape the fintech landscape.Highlights: Stripe is reportedly considering acquiring PayPal.This acquisition could impact the fintech landscape significantly.A union of these giants might enhance...
FinTech
Santander Strengthens AI Investments, Targets $1 Billion Business Value
Bank looks to boost efficiency and innovation through AI initiatives.Highlights: Santander aims to create $1 billion in business...
FinTech
FCA Strengthens Borrowers’ Credit Files with New Guidelines
UK regulator targets improved credit reporting for consumers.Highlights: FCA issues new guidelines for clearer credit reporting.Guidelines aim to...
FinTech
JPMorgan Strengthens Workforce with AI-Focused Staff Redeployment
The bank aims to enhance efficiency by restructuring roles for AI integration.Highlights: JPMorgan is redeploying staff to better...
FinTech
Allica Bank Achieves Unicorn Status After $155 Million Series D Funding
The bank's latest funding round propels it to a valuation exceeding $1 billion.Highlights: Allica Bank raises $155 million...
Trustly acquires French paytech SlimPay for a reported €70m
Swedish paytech Trustly has acquired French account-to-account payment fintech SlimPay for €70 million, aiming to enhance recurring payments and expand their reach in Europe...
BMO Commercial Bank taps Extend to launch corporate spend management app
BMO Financial Group is launching a co-branded app with Extend to offer virtual Mastercard-issued cards for its commercial banking clients, making expense management easier...
Maybank Investment Bank taps Broadridge for securities borrowing and lending offering
Maybank Investment Bank partners with Broadridge to launch a Shariah-compliant Securities Borrowing and Lending (SBL) platform, improving customer experience and cost management.
FactsMalaysia's Maybank...
Goldman Sachs sells personal financial management business to Creative Planning
Goldman Sachs is selling its personal financial management (PFM) business to Creative Planning, a wealth management firm, in a move to serve more ultra-high-net-worth...
The Clearing House appoints Sheffali Welch as COO
Sheffali Welch was appointed as Chief Operating Officer (COO) of The Clearing House (TCH).
FactsSheffali Welch, with over 20 years of banking and financial...
Vietnam joins regional payment connectivity initiative
State Bank of Vietnam (SBV) joins the Regional Payment Connectivity (RPC) initiative, expanding collaboration among ASEAN central banks for seamless cross-border payments.
FactsThe RPC...
FSS launches payments technology platform BLAZE
Financial Software & Systems (FSS) has launched 'BLAZE,' an advanced payments technology platform designed for banks and financial institutions. BLAZE can process over 5,000...
Alibaba Cloud launches open-source vision language model
Alibaba Cloud has launched two open-source large vision language models (LVLM), Qwen-VL and Qwen-VL-Chat, capable of comprehending images and texts, answering questions, and more...
Modulus files new order type patent for its white label futures exchange
Modulus, a US-based technology developer, has filed a patent for a new order type called "Automatic Order Autonomy" within their white label futures exchange...

