FinTech

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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Emirates NBD taps Pine Labs to enhance merchant acquiring services

Partnership Overview:Emirates NBD, a UAE-based banking group, partners with Pine Labs, an Indian merchant commerce fintech, to enhance merchant acquiring services.Implementation...

Avidbank partners Corserv to launch commercial credit card programme

Avidbank in the USA partners with Corserv to launch a new credit card offering for commercial clients.Corserv’s Role:Corserv’s Account Issuer...

UK challenger Tandem appoints Suavek Zajac as new CTO

New CTO Appointment:Suavek Zajac, former Railsr head, was appointed as CTO of UK digital bank Tandem. Will oversee the development of Tandem’s...

Standard Chartered pilots carbon credit tokenisation in Hong Kong with Mastercard, Mox Bank and Libeara

Proof-of-Concept (PoC) Completion:Standard Chartered Bank in Hong Kong (SCBHK) completed a PoC in collaboration with Mastercard, Mox Bank, and government bond platform...

Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub

Commerce Bank Modernisation Strategy:Commerce Bank, headquartered in Kansas City, has gone live with the FedNow instant payments service. This is part of...

French fintech Lydia launches digital banking app Sumeria

Company Overview:French fintech start-up Lydia. Originally launched in 2013 as a P2P payments app. Currently serves 8 million users in France, Spain,...

US fintech Yendo secures $165m in mix of debt financing and equity

Company Overview:Yendo is a US fintech offering the world’s "first-ever vehicle-secured" credit card. Launched in 2022 and based in Dallas, Texas.Funding...

South African fintech Lesaka snaps up Adumo in $86m deal

Acquisition Details:Lesaka Technologies, a South African fintech firm, has signed a definitive agreement to acquire fellow South Africa-based paytech Adumo. The deal...

Monzo secures additional $190m funding from new and existing investors

Funding Round Details:Monzo, the UK-based digital challenger bank, has secured an additional $190 million in its latest round of funding. The funding...
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