FinTech

New Banking License in Latvia Strengthens Market Entry Opportunities

Latvia introduces a novel banking license to attract new financial entrants.Highlights: Latvia launched a new banking license to facilitate market entries.The initiative aims to attract innovative financial institutions.This move...

US Regional Banks Build Tokenized Deposit Network to Enhance Innovation

New collaboration aims to increase efficiency and client engagement.Highlights: US regional banks initiate a tokenized deposit network.Innovation focuses...

New Banking License in Latvia Could Boost Market Entrants

Latvia introduces banking license to encourage competition in the financial sector.Highlights: Latvia's new banking license aims to increase...

Citi Forms AI-Focused Infrastructure Banking Team and Makes First Investment in Japan

Citi aims to enhance its infrastructure banking presence with AI-driven strategies.Highlights: Citi has launched an AI-focused infrastructure banking...

Citi Strengthens AI Infrastructure Banking Team with Investment in Japan

Citi aims to enhance its AI capabilities through strategic team formation and investment.Highlights: Citi forms a new AI-focused...
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UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut

Ebury Considering IPO in 2025:Listing Plans:UK-based fintech Ebury is reportedly in talks with several banks about initiating an initial public offering (IPO)...

US neobank Dave achieves profitability over Q4 2023

Dave Neobank Achieves First Quarterly Profit:Profitability Milestone:Los Angeles-based neobank Dave has achieved its first quarterly profit in Q4 2023, almost eight years...

Nationwide Building Society set for £2.9bn takeover of Virgin Money

Nationwide's Potential £2.9 Billion Acquisition of Virgin Money:Agreement for Acquisition:Nationwide, the UK's largest building society, has agreed to potential acquisition terms with...

Société Générale deploys iGTB’s Corporate Treasury eXchange solution

Société Générale Implements iGTB’s CTX Platform:Implementation of CTX Platform:Société Générale, the French banking group, has deployed Intellect Global Transaction Banking’s (iGTB) Corporate...

New York Community Bancorp secures $1bn equity boost following Q4 2023 losses

New York Community Bancorp (NYCB) Raises $1.05 Billion:Equity Capital Raise:NYCB, the parent company of Flagstar Bank, is set to secure $1.05 billion...

Finastra appoints Mike Stawchansky as new senior VP and CTIO

Finastra Appoints Mike Stawchansky as Senior VP and CTIO:Appointment Details:Finastra, the UK-based financial software vendor, has appointed Mike Stawchansky as its new...

Nick Parsons named new Calastone chief technology officer

Calastone Appoints Nick Parsons as CTO:Appointment Details:Calastone, recognized as the world’s largest global funds network, has named Nick Parsons as its new...

CFPB to cap credit card late fees at $8 and increase accountability among issuers

CFPB Caps Late Fees on Credit Cards:Ruling by CFPB:The Consumer Financial Protection Bureau (CFPB) has finalized a ruling that limits late fees...

Qonto snaps up finance automation start-up Regate to bolster accounting services

Qonto Acquires Regate:Acquisition Deal:Paris-based business banking fintech Qonto has acquired finance automation start-up Regate for an undisclosed amount.Regate's Services:Regate, founded...
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