FinTech

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 new policy affects personal and business accounts.Customers are encouraged to apply...

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...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...
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AYA Bank taps SmartStream for transaction lifecycle management solution

Partnership Overview: AYA Bank, the second-largest bank in Myanmar, selects SmartStream's digital payments platform for transaction lifecycle management (TLM) to manage a surge...

Lloyds Banking Group collaborates with Red Hat to adopt modern open source engineering practices

Partnership Overview: Lloyds Banking Group collaborates with US-based open-source solutions provider Red Hat to enhance developer experience, software quality, and speed to market...

Iwoca lands £270m debt funding package from Citibank and Barclays

UK-based SME lender Iwoca has secured a debt funding package totaling £270 million to address the increasing demand for finance from small businesses. ...

Turkish fintech Iyzico acquires Paynet in $87m deal

Turkish fintech Iyzico is acquiring Paynet, a B2B and B2B2C payment solutions provider, from parent company the Arena Group in a deal valued...

CIBC Mellon taps Duco for AI-powered data automation tech

CIBC Mellon, a joint venture between CIBC and BNY Mellon, partners with UK-based Duco for AI-powered data automation. The partnership aims to enhance...

Nepsis brings Amanda Butler in-house as first CTO

Appointment Announcement: Nepsis, an investment and financial advisory firm based in Minneapolis, USA, has appointed Amanda Butler as its first Chief Technology Officer...

Beem Credit Union teams up with VeriPark to elevate digital banking capabilities

Partnership Announcement: Beem Credit Union, a newly launched Canadian credit union, has partnered with UK-based software developer VeriPark to upgrade its digital capabilities. ...

Ireland’s Corlytics snaps up Deloitte UK regtech platform

Acquisition by Corlytics: Corlytics, an Irish regulatory intelligence and policy compliance technology firm, has acquired an undisclosed digital regtech platform from Deloitte UK. ...

FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist

Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA)...
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