Business

New Banking License in Latvia Strengthens Market Entry Opportunities

Latvia introduces a novel banking license to attract new financial entrants.Highlights: Latvia launched a new banking license to facilitate market entries.The initiative aims to attract innovative financial institutions.This move...

US Regional Banks Build Tokenized Deposit Network to Enhance Innovation

New collaboration aims to increase efficiency and client engagement.Highlights: US regional banks initiate a tokenized deposit network.Innovation focuses...

New Banking License in Latvia Could Boost Market Entrants

Latvia introduces banking license to encourage competition in the financial sector.Highlights: Latvia's new banking license aims to increase...

Citi Forms AI-Focused Infrastructure Banking Team and Makes First Investment in Japan

Citi aims to enhance its infrastructure banking presence with AI-driven strategies.Highlights: Citi has launched an AI-focused infrastructure banking...

Citi Strengthens AI Infrastructure Banking Team with Investment in Japan

Citi aims to enhance its AI capabilities through strategic team formation and investment.Highlights: Citi forms a new AI-focused...
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Minu Secures $30M Series B to Expand Wellness Platform in Mexico

Minu, a Mexican employee wellness platform, raised $30 million in a Series B round led by QED Investors, with participation from FinTech Collective,...

Tanner Servicios Financieros Secures $40M IFC Investment to Drive Expansion

Chilean financial institution Tanner Servicios Financieros has secured a $40 million investment from the International Finance Corporation (IFC), part of the World Bank...

Cardstream Appoints Gurinder Sumra as CFO to Drive Growth

UK-based paytech Cardstream has named Gurinder Sumra as its new chief financial officer (CFO). With over 30 years of experience in financial services,...

SEB Taps Thought Machine’s Vault Core for New BaaS Platform

Swedish corporate bank SEB has partnered with UK-based fintech Thought Machine to use its cloud-native Vault Core system for SEB Embedded, a new...

MHBS Partners with Doshi to Launch Gamified Financial Literacy App

Market Harborough Building Society (MHBS) has teamed up with fintech start-up Doshi to launch a financial literacy app for its UK members. The...

Robinhood Acquires TradePMR to Expand Wealth Management Services

Robinhood has acquired TradePMR, a custodial and portfolio management platform for registered investment advisors, in a deal worth up to $300 million in...

Navro Expands Global Reach with Canadian FMSB Registration

Canadian Approval: Navro, formerly Paytrix, has secured a Foreign Money Services Business (FMSB) registration in Canada, enabling it to offer money transfer services...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company based in London, laid off 71 employees—roughly 25% of its workforce—in September to streamline operational...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with €2 trillion AUM, has acquired Aixigo, a German provider of API-based wealth management software, for...
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