German fintech Vivid Money buys Pile’s treasury solution
Vivid Money Acquires Pile: Key PointsAcquisition Announcement:Berlin-based fintech Vivid Money has acquired fellow German fintech Pile to enhance its treasury solution capabilities....
Greek neobank Snappi lands banking licence from the ECB
Snappi Neobank Granted Universal Banking Licence: Key PointsLicence Approval:Snappi, a Greek neobank, received a universal banking licence from the European Central Bank...
UK challenger Oxbury Bank announces first full year of profitability
Oxbury Bank Achieves Profitability: Key PointsProfitability Milestone:Achieved profitability in under three years since launch.
Reported a pre-tax profit of over £3 million...
Robinhood buys AI-powered investment research platform Pluto Capital
Robinhood Acquires Pluto Capital: Key PointsAcquisition Details:Robinhood acquires investment research platform Pluto Capital for an undisclosed sum.
Marks Robinhood's second acquisition in...
BIS readies for live implementation of Project Nexus in Asia
Project Nexus by BIS: Key PointsProject Overview:Initiative by Bank for International Settlements Innovation Hub (BISIH).
Aims to enhance cross-border payments by connecting...
Revolut announces record $545m profit for 2023
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion in 2022 to $2.2 billion...
US FDIC issues consent order to Thread Bank
FDIC Issues Consent Order to Thread Bank: Key PointsConsent Order Issuance:The US Federal Deposit Insurance Corporation (FDIC) has issued a consent order...
CTBC Bank goes live with Avaloq core in Hong Kong and Singapore after three-year implementation
CTBC Bank Goes Live with Avaloq Core Platform: Key PointsCompletion of Project:CTBC Bank has completed a three-year implementation project to transform its...
TeamSystem acquires 61% majority stake in Italian SME credit mediator Change Capital
TeamSystem Acquires 61% Stake in Change Capital: Key PointsAcquisition Details:TeamSystem, an Italian business software solutions provider, has acquired a 61% majority stake...
