Cloud

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The fine addresses issues with customer verification processes.Revolut has pledged to improve...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
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CloudPay secures $120m funding round led by Blue Owl Capital

Funding Details:CloudPay secured $120 million in a funding round led by Blue Owl Capital, with additional participation from previous investors Hollyport Capital,...

National Bank of Fujairah digitises corporate banking operations with iGTB’s eMACH.ai

Partnership for Digital Upgrade:NBF has partnered with iGTB to upgrade its digital banking capabilities by adopting iGTB’s open finance platform, eMACH.ai.eMACH.ai...

NCR Voyix agrees to sell digital banking unit to Veritas Capital for $2.45bn

Sale Agreement: NCR Voyix has entered into a definitive agreement to sell its cloud-based digital banking business to private equity firm Veritas Capital...

Shawbrook taps nCino for automated SME loan origination

Purpose: Shawbrook Bank has chosen nCino’s platform to automate loan origination and portfolio management processes. Functionality: The platform will automate complex lending processes,...

Octo3 merges with fintech solutions provider Evantagesoft to launch new FTS.Money brand in Asia

Octo3 and Evantagesoft (EVS) Merge to Form FTS.Money Key Points:Merger and New Brand:Companies Involved: Payment infrastructure firm Octo3 and banking technology solutions provider...

Alt.bank in Brazil migrates novücard credit card infrastructure to Visa’s Pismo

Alt.bank Migrates novücard Credit Card to Pismo's Core Banking Platform Key Points:Migration Details:Fintech: Brazilian fintech alt.bank. Product: novücard credit card. New Platform: Migrated...

Fortis buys NetSuite payments division of MerchantE

Fortis Acquires MerchantE’s NetSuite Payments Division Key Highlights:Acquisition Overview:Acquirer: Fortis Acquired Entity: MerchantE’s NetSuite payments division Acquisition Sum: UndisclosedAbout MerchantE’s NetSuite Payments...

First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite

Summary of First Global Bank's Partnership with Profile SoftwarePartnership Details:Entities Involved: First Global Bank (FGB) and Profile Software. Objective: Implementation of Profile...

America First Credit Union taps Loquat for small business onboarding solution

America First Credit Union Partners with Loquat Inc for Enhanced Onboarding Experience: Key PointsPartnership Announcement:America First Credit Union, the fifth-largest credit union...
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