Business

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors to enhance payment systems.Discussions show Barclays' commitment to fintech innovation.Barclays...

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...

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...
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LendInvest extends JP Morgan debt financing agreement to £1.5bn

LendInvest has extended its funding agreement with JP Morgan by £500 million, increasing the total value of the account to £1.5 billion. JP...

UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding

UniCredit has acquired a 9% equity stake in Commerzbank. Of this, 4.49% was purchased through an accelerated book building offering for $775 million,...

Payment processor Clowd9 hires former Thredd tech lead Paul Hansford as new CTO

Paul Hansford joins Clowd9, a UK-based cloud-native decentralized payment processing platform, as its new Chief Technology Officer (CTO). Hansford comes with six years...

Paylocity to acquire spend management platform Airbase for $325m

Paylocity has finalized a $325 million deal to acquire Airbase, a spend management platform, to expand its HR and payroll software solutions. The...

Swiss fintech Yapeal unveils new CEO alongside fresh capital boost

Michael Eidel has been appointed as the new CEO of Yapeal, succeeding Thomas Hilgendorff, who will transition to the role of Chief Commercial...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based AI and machine learning company, to enhance trade finance documentation processing and compliance checks. The...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019, has secured a $30 million Series B equity investment from D2 Asset Management, Saluda Grade,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in 2025, offering account-to-account (A2A) payments for greater consumer control and protection via bank transfers. It...

Ghana’s Fido raises $30 million in debt and equity to extend AI-powered lending services across Africa

Fido, a Ghanaian fintech, secured $30 million in debt and equity funding to expand its digital lending services across Africa. The raise includes...
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