Business

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The new policy affects personal and business accounts.Customers are encouraged to apply...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...
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Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future

Mastercard plans to acquire US-based threat intelligence platform Recorded Future for $2.65 billion. The deal, with Insight Partners (which acquired Recorded Future in...

FE fundinfo buys out investment research platform AdviserAsset

FE fundinfo has acquired AdviserAsset, a due diligence and product selection tool, for an undisclosed sum. AdviserAsset, founded in 2010, supports financial advisors,...

India’s FlexiLoans bags $34.5m Series C for lending platform expansion

FlexiLoans raised $34.5 million in Series C funding to support India’s micro, small, and medium-sized enterprises (MSMEs) through its online lending platform. The...

Westpac promotes Anthony Miller to CEO amid Peter King’s departure

Anthony Miller has been promoted to group CEO and managing director of Westpac, effective 16 December 2024. He will succeed Peter King, who...

Paymob secures $22m Series B extension to continue GCC roll-out

Paymob, an Egypt-based B2B merchant financial services platform, raised $22 million in a Series B extension led by EBRD VC (European Bank for...

Form3 bags $60m Series C extension with new investor British Patient Capital

Form3 closes a $60 million Series C extension with British Patient Capital as a new investor. Funding will be used for product and...

Mansfield Building Society in core banking tech overhaul with TCS

Mansfield Building Society partners with Tata Consultancy Services (TCS) to modernize its software. The society will migrate from its on-premise system to TCS...

Form3 bags $60m Series C extension with new investor British Patient Capital

Form3, a UK-based paytech, raised $60 million in a Series C extension round. British Patient Capital, a subsidiary of the British Business Bank,...

Enfuce to launch dual-function E2 card in UK, France and Germany with Mastercard

Enfuce, a Finnish issuer processor, has partnered with Mastercard to expand its E2 card offering to Germany, France, and the UK. The E2...
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