Business

Payoneer Strengthens Its Position with US National Trust Bank Charter Application

Payoneer's move could enhance its services and market reach in the US.Highlights: Payoneer has applied for a US National Trust Bank Charter.The charter application aims to enhance its services...

Stripe Achieves $159 Billion Valuation, Strengthening Market Position

The fintech giant secures its place in the competitive digital payments landscape.Highlights: Stripe's valuation reaches $159 billion after...

BOFE Extends CHAPS Settlement Hours for Improved Efficiency

New settlement hours aim to enhance flexibility in transactions.Highlights: Bank of England extends CHAPS settlement hours from 2024.New...

BNP Paribas Explores Public Blockchain for Money Market Fund Tokenisation

The bank investigates blockchain solutions for modernising fund investments.Highlights: BNP Paribas is investigating public blockchain for fund tokenisation.The...

Stripe and PayPal Boost India’s Xflow with New Investment

Leading fintech companies back Indian payment solutions startup Xflow.Highlights: Stripe and PayPal invest in Indian startup Xflow.The investment...
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Trintech snaps up Fiserv’s financial reconciliation business

Trintech, a Texas-based financial close software provider, has acquired Fiserv's financial reconciliation business, including two reconciliation solutions, Frontier Reconciliation and Accurate Reconciliation. The acquisition...

Germany’s N26 appoints new chief risk officer, Carina Kozole

German digital bank N26 appoints Carina Kozole as its new Chief Risk Officer (CRO) and Managing Director of N26 AG, with extensive experience in...

US earned wage access start-up Immediate bags fresh funding, expands credit facility

Alabama-based fintech start-up Immediate, which provides an earned wage access solution to enhance employees' financial wellness and break cycles of debt, has secured $16...

UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos

Credit Suisse and UBS Group AG will pay fines totaling $388 million due to Credit Suisse's risk management failures related to its dealings with...

GAT Investment Bank taps Currencycloud for new app launch

GAT Investment Bank partners with Currencycloud to launch GAT Money, a global banking app, providing access to competitive FX rates and a cross-border collections...

NatWest chief exec Alison Rose steps down with immediate effect

Alison Rose steps down as the group chief executive of NatWest Group after discussing Nigel Farage's relationship with the bank with a journalist, admitting...

Vietnamese fintech start-up Gimo secures $17m in Series A funding

Vietnamese fintech start-up Gimo has raised $17.1 million in a Series A funding round led by TNB Aura, with existing and new investors, to...

Banco Santander, BBVA and CaixaBank team up to tackle fraud with FrauDfense

Three Spanish banking giants, Banco Santander, BBVA, and CaixaBank, have united to combat financial fraud by establishing FrauDfense, a joint venture focused on sharing...

PSR delivers update on progress of New Payments Architecture

The UK's Payment Systems Regulator (PSR) has outlined its plans for the New Payments Architecture (NPA) program, aiming to enhance interbank payments and consolidate...
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