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...
US fintech start-up Rainforest lands $20m Series A led by Matrix Partners
Rainforest Secures $20 Million Series A Funding: Key PointsFunding and Investors:Rainforest, a Payments-as-a-Service (PaaS) provider, secured $20 million in Series A funding.
...
