Business

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 integrate AI technologies.The initiative aims to enhance operational efficiency across the...

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...

Currenxie Launches Cross-Border Payments Account for SMEs in the UK

New service aims to streamline international transactions for small businesses.Highlights: Currenxie launches a new account for cross-border payments...

Coinbase Expands Services by Adding Stock Trading for US Customers

New feature allows users to trade stocks alongside cryptocurrencies.Highlights: Coinbase introduces stock trading for US customers.Users can now...

Commonwealth Bank Unveils $90M Plan for AI-Ready Workforce

Investment targets workforce development in the age of artificial intelligence.Highlights: Commonwealth Bank invests $90 million in AI workforce...
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Auxmoney buys majority stake in Dutch credit marketplace Lender & Spender

Auxmoney, a German digital consumer lending platform, has acquired a majority stake in Dutch consumer credit marketplace Lender & Spender to support their growth...

Cambridge & Counties Bank secures £20m Tier 2 facility from British Business Investments

Cambridge & Counties Bank receives £20 million in Tier 2 capital from British Business Investments to boost SME lending. FactsBritish Business Investments, a subsidiary...

Thoma Bravo acquires ForgeRock for $2.3bn

Thoma Bravo, a software-focused private equity firm, has successfully acquired ForgeRock, a digital identity software platform, for approximately $2.3 billion in an all-cash transaction. Facts...

Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie

US investment bank Citi makes its first Latin American fintech investment by acquiring a stake in Peruvian FX platform Rextie. FactsCiti's "strategic investment" in...

Yahoo Finance builds out investor insights with Commonstock acquisition

Yahoo is acquiring San Francisco-based start-up Commonstock to enhance Yahoo Finance with investor insight capabilities. FactsCommonstock, founded in August 2020, is a social network...

India’s PhonePe taps Cloudera to streamline data management

Indian fintech giant PhonePe partners with Cloudera to enhance data management and operational efficiencies. FactsPhonePe is collaborating with Cloudera to optimize its data management...

Core banking tech provider Mambu names Fernando Zandona as permanent CEO

Fernando Zandona named permanent CEO of Mambu after serving as interim CEO since June. FactsFernando Zandona becomes Mambu's permanent CEO. Zandona served as interim...

Standard Chartered global head leaves to found fintech start-up

Manohar Chadalavada, a veteran executive with almost two decades of experience at Standard Chartered, departs the bank to establish a fintech startup. FactsManohar Chadalavada,...

Velo Payments to acquire payment processing platform YapStone

US-based Velo Payments is set to acquire YapStone, a payment processing platform for the short-term and vacation rental industry. FactsYapStone, founded in 1999, is...
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