India’s Tata Consultancy Services reportedly in the race to run UK’s Faster Payments service
Tata Consultancy Services (TCS) is reportedly in contention to take over the administration of the UK's Faster Payments network from Mastercard-owned Vocalink.
The...
Vast Bank exits cryptocurrency market, closes crypto banking mobile app
Oklahoma-based Vast Bank has decided to exit the cryptocurrency market and shut down its crypto mobile banking app, launched in 2021.
The app...
Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass
Raymond James Bank (RJF), based in Florida, US, has partnered with ICE Mortgage Technology to enhance its mortgage lending operations for high-net-worth borrowers.
...
India’s RBI orders Paytm Payments Bank to halt banking services by end of February
The Reserve Bank of India (RBI) has directed Paytm Payments Bank to cease accepting deposits, providing credit services, and facilitating fund transfers from...
Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive
Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5 billion operational efficiency program.
The...
Emirates NBD partners Silent Eight to bolster compliance operations
Emirates NBD, a Dubai-based banking group, has entered a partnership with Silent Eight, a Singapore-based anti-financial crime platform.
Silent Eight provides an AI...
B2B finance automation platform Ramp acquires Venue to revamp procurement product
Ramp, a finance automation platform for businesses based in New York, has acquired procurement start-up Venue to enhance its procurement product suite.
The...
Canoe Intelligence appoints former CIA analyst Noel Calhoun as new CTO
Canoe Intelligence (CI), a New York-based company, appoints Noel Calhoun as its new Chief Technology Officer (CTO).
Canoe Intelligence specializes in providing AI...
Banking Technology Magazine February 2024 issue out now
The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024.
Mass layoff announcements were reported across...
