FinTech

New York State Mandates Stores to Accept Cash Payments

New legislation aims to protect cash transactions across the state.Highlights: New law requires New York stores to accept cash payments.Legislation aims to ensure access for all customers.Fines imposed for...

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership

The bank aims to enhance its AI strategy and innovation.Highlights: HSBC names its first Chief AI Officer to...

Revolut Reports Surging Profits as Growth Accelerates

The financial technology firm sees significant profit increases in its latest report.Highlights: Revolut's profits surged significantly in the...

SumUp Strengthens Merchant Services with In-App Investing Feature

The new feature aims to enhance financial flexibility for merchant clients.Highlights: SumUp introduces in-app investing for merchant clients.The...
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Fintech start-up Xalts grants Contour Network new lease of life with announced acquisition

Singapore-based startup Xalts is set to acquire Contour Network, which has operated a decentralized global trade finance network connecting businesses, partners, and financiers...

Australia’s Summerland Bank taps nCino for loan origination solution

Australia's Summerland Bank has chosen nCino to enhance its loan origination capabilities. The mutual bank will use nCino's Cloud Banking Platform across its...

JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits

JP Morgan has filed a lawsuit against WeRealize, the majority shareholder in Greek fintech firm Viva Wallet, alleging that the holding company has...

Nottingham Building Society taps MQube for AI-powered mortgage origination platform

Nottingham Building Society, also known as The Nottingham, has partnered with software vendor MQube to enhance its mortgage lending processes. The UK Building...

Turkish challenger Papara reportedly set to acquire digital wallet fintech SadaPay

Turkish challenger bank Papara is reportedly set to acquire SadaPay, a digital wallet provider based in Pakistan, in an all-stock transaction. The deal,...

Erica Gee appointed new COO of US payment solutions vendor NXTMoves

US payment solutions provider NXTMoves has appointed Erica Gee as its Chief Operating Officer (COO). In her new role, Gee will lead NXTMoves'...

FHLBank of Pittsburgh selects SimCorp Dimension for investment management

The Federal Home Loan Bank (FHLBank) of Pittsburgh has entered an eight-year agreement with Denmark's SimCorp for its investment management platform, SimCorp Dimension. ...

Commerce Bank taps Temenos for loan origination solution

US private bank Commerce has implemented Swiss core banking vendor Temenos' Infinity loan origination solution to enhance operational efficiency and offer personalized customer...

Ozone API appoints former Virgin Money CEO Dame Jayne-Anne Gadhia as new board chair

UK-based open banking tech provider Ozone API has appointed Dame Jayne-Anne Gadhia as its new board chair. Gadhia, with extensive leadership experience, including...
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