Revolut secures UK banking licence with restrictions, enters mobilisation stage
Key Points:Licence Acquisition:Revolut has secured a UK banking licence with restrictions from the Prudential Regulation Authority (PRA).
The company is now in...
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
Key Points:Investment Details:Finbee Verslui has secured a €35 million investment from UK private capital asset manager Pollen Street Capital.
Headquartered in Vilnius,...
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a significant stake in Sokin, a UK-based business payments start-up.
Transaction led by Morgan Stanley Expansion...
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest in and purchase US residential real estate in 30 days or less.Service Features:Online...
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's business customers in India.New Offering:Launch of HSBC's FinConnect in India.
Described as a...
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit and withdrawal services for personal and small business current accounts.Implementation Date:New guidelines take...
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit the UK market after two years of operations.
The decision was made to focus on...
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding agreement to acquire Aion Bank and Vodeno for approximately €370 million.Strategic Benefits:The acquisition...
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International Partnership
Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital payments company serving MEA region)
Key...
