Business

Augmentum Fintech Accepts £186M Cash Takeover Offer

The fintech company agrees to a substantial acquisition bid.Highlights: Augmentum Fintech agrees to a £186 million cash takeover offer.This acquisition is a major event in the UK fintech sector.The...

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...

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...
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Agicap Secures €45 Million in Series C Funding to Expand Treasury Management Services

France-based fintech Agicap has raised €45 million in a Series C funding round, led by AXA Venture Partners, to strengthen its treasury management...

Conotoxia Plans Transition to Joint-Stock Company and Pursues EU Banking License

Polish fintech Conotoxia is preparing to convert its online currency exchange business, Cinkciarz.pl, into a joint-stock company (JSC) and apply for a European...

LSEG Adopts IDVerse AI to Strengthen Global ID Verification and Combat Digital Fraud

The London Stock Exchange Group (LSEG) has chosen IDVerse's advanced identity verification technology to strengthen global onboarding and combat digital deception. Using IDVerse’s...

Modifi Secures $15M and Partners with SMBC to Expand Digital Trade Finance for SMEs in Asia

Berlin-based digital trade finance platform Modifi has raised $15 million in a new funding round led by Sumitomo Mitsui Banking Corporation (SMBC) and...

PNC Bank Invests $1.5 Billion to Expand and Modernize Branch Network Across the US

PNC Bank has increased its branch investment to $1.5 billion, targeting the opening of over 200 new branches and renovating 1,400 existing locations...

BCP Invests $650 Million in Hybrid Cloud Modernization with Microsoft and Kyndryl

Banco de Crédito del Perú (BCP) is launching a $650 million investment to modernize its systems using hybrid cloud technology through partnerships with...

Bumper Acquires AutoBI to Strengthen UK Automotive Payment Platform

Bumper, a UK-based platform specializing in vehicle payment solutions, has acquired AutoBI, a company that provides business intelligence tools for the automotive industry. ...

UK Finance and GSMA Partner to Combat Fraud with New Scam Signal Initiative

Members of UK Finance and GSMA, including major UK mobile operators like Vodafone, EE, Virgin Media O2, and Three, are rolling out Scam...

Alliant Credit Union Appoints Ken Schaafsma as Interim CEO

Alliant Credit Union in Chicago has appointed Chief Risk Officer Ken Schaafsma as interim CEO, following the departure of President and CEO Dennis...
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