Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
Company: Colendi, a Turkish digital banking start-up.
Funding: Raised $65 million in a Series B round.
Lead Investor: Citi Ventures.
Supporting Investors: Hedef...
Former Stripe exec Gang Wang joins Nuvei as CTO
Company: Nuvei, a Canadian payments processor.
New Hire: Gang Wang, former head of payment methods at Stripe, was appointed as CTO.
Previous CTO:...
Climate fintech start-up Cloover secures $114m in seed funding round
Company: Cloover, a Berlin-based climate fintech.
Funding: Raised $114 million in seed funding (combination of debt and equity).
Investors:Led by Lowercarbon Capital.
...
N26 fined €9.2m by BaFin over late submission of suspected money laundering reports in 2022
N26 Fined and Regulatory Updates:
Fine Imposed:Amount: €9.2 million
Reason: Systematic late submission of suspected money laundering reports in 2022
Regulator: Federal Financial Supervisory...
ABN Amro acquires Germany’s Hauck Aufhäuser Lampe in €672m deal
Acquisition Details:Price: €672 million
Seller: Fosun International
Buyer: ABN Amro, one of the Netherlands’ largest banksStrategic Goals and Impact:Combination with...
BBVA partners OpenAI to deploy ChatGPT among its employees
Deployment Details:Licenses: 3,000 ChatGPT Enterprise licenses distributed to employees in central services in Spain
Future Plans: Extend licenses to employees in other...
Arab National Bank in major upgrade of core banking system with Infosys Finacle
Arab National Bank (ANB) Upgrades to Infosys Finacle 11x:Upgrade Details:New Core Banking Solution: Infosys Finacle version 11x
Project Duration: 21 months
Staff...
OUCU Financial Credit Union to migrate to Tyfone’s nFinia digital banking platform
OUCU Financial Credit Union Migrates to Tyfone’s nFinia Platform:Credit Union Overview:Name: OUCU Financial Credit Union
Location: Ohio, USA
Assets: $483 million
Members:...
ICYMI fintech funding round-up: Kudos, Teal, WeMoney and more
Kudos Secures $10.2 Million in Series A Funding:Funding Round:Amount: $10.2 million
Led by: QED Investors
Other Participants: Patron, Samsung Next, SV Angel,...
