FinTech

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 violations.The penalty reflects increased scrutiny in the banking sector.Bank of London...

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...

Aveni Selected by Quilter to Enhance Operations with AI

New partnership streamlines advice operations for Quilter using AI technology.Highlights: Quilter partners with Aveni to implement AI solutions.The...
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Africa and Gulf Bank partners Orion Innovation for Temenos core banking upgrade

Africa and Gulf Bank (AGB) in Sudan has chosen Orion Innovation as its implementation partner for upgrading its core banking technology to Temenos'...

Security Bank selects Avaloq to digitise wealth management business

Security Bank, based in the Philippines, has partnered with Swiss banking software provider Avaloq to digitize its wealth management business. The bank will...

ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more

Montreal-based payments software vendor Zūm Rails has raised $10.5 million in a Series A funding round led by Arthur Ventures. Zūm Rails plans...

Quai Digital selects WealthOS as new strategic technology partner

Wealthtech firm WealthOS has secured a contract with Quai Digital to become the company's strategic technology partner. WealthOS provides a Software-as-a-Service (SaaS) platform...

Danske Bank appoints two new execs to lead technology and data strategy

Danske Bank has appointed Richard Davis as its new Chief Technology Officer (CTO) and Christoffer Kanstrup as its Chief Data Officer. Richard Davis,...

UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets

UAE-based Dunes Financial has signed a memorandum of understanding (MOU) to acquire a substantial portion of Canada-based Be Mobile Africa. The deal is...

PayComplete appoints former co-president Simon James as new CEO

UK-based cash management solutions provider PayComplete has promoted its former co-president, Simon James, to the position of CEO. Simon James, who has been...

CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over

UK-based CAB Payments has appointed Neeraj Kapur as its new CEO, replacing current CEO Bhairav Trivedi who is set to step down on...

Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform

Raqami Islamic Digital Bank in Pakistan has selected Codebase Technologies to power the launch of its Shariah-compliant digital banking services. The bank will...
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