Business

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal aims to enhance Brink's logistics capabilities.This acquisition positions Brink's as a...

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...

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...
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Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities

Key Points:Partnership Announcement:Rabobank has partnered with Zafin, a Software-as-a-Service (SaaS) solutions provider, to upgrade its pricing, billing, and invoicing capabilities.Objective:The...

Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO

Key Points:New CEO Appointment:Stefan Bollinger appointed as CEO, starting "no later than 1 February 2025". Bollinger is currently an executive at Goldman...

UK money management app Plum raises £16.1m investment

Key Points:New Investment:Plum secured a fresh investment totaling £16.1 million. Investment includes a £13.4 million Series B funding round and £2.7 million...

FCA lifts partner onboarding restrictions on UK fintech Modulr

Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original Order:Modulr was ordered to...

Bank of Clarke partners with Greenlight for family money management solution

Key Points:Objective:Foster "healthy lifelong financial habits" among customers.Service Offering:Bank of Clarke customers can now register for a complimentary Greenlight subscription. ...

Egypt’s MNT-Halan raises $157.5 million, plots regional expansion

Key Points:Funding Sources:International Finance Corporation (IFC): $40 million Other Investors: Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners...

Boku names former NatWest exec Rob Whittick as new CFO

Key Points:Company Background:Headquarters: London and San Francisco Founded: 2008 Services: Localized payment solutions, direct carrier billing, A2A/real-time payments, digital wallet services Clientele:...

CFPB proposes new rule to include payday advances under Truth in Lending Act

Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans. Fees associated with accessing earned wages early...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led by: JP Morgan Payments Participants: Y Combinator, Jack Altman (Alt Capital), Max Altman (Saga Ventures)...
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