Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
Cost Reduction Target: The program aims...
BillingPlatform lands $90m growth equity investment from FTV Capital
BillingPlatform secures a $90 million growth equity investment from FTV Capital.
FTV Capital's Kyle Griswold and Richard Liu to join BillingPlatform's board of...
UK fintech ieDigital snaps up AI tech provider Abaka
ieDigital to acquire Abaka for an undisclosed sum
Abaka offers an AI-powered recommendation engine for personalized financial services
Utilizes machine learning and behavioral...
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
Safty Raises €11.3 MillionDanish fintech Safty secures €11.3 million in an investment round led by Upfin.
The investment includes participation from experienced...
Kurdistan International Islamic Bank taps Azentio for iMAL core banking platform
Partnership Kickstarted:Kurdistan International Islamic Bank (KIB) in Iraq has initiated a digital overhaul by partnering with Azentio Software, a technology firm based...
Duco names Michael Chin as new CEO as Christian Nentwich steps down
Duco's New CEO: Michael Chin has been appointed as the new CEO of data automation firm Duco, effective from January 23, 2024.
Leadership...
Former Adyen exec Jan-Pieter Lips joins UK’s DNA Payments as CEO
Leadership Change: Former Adyen executive Jan-Pieter Lips was appointed as the new CEO of DNA Payments, a payments processing firm based in the...
Navy Federal Credit Union taps Oracle for cloud and account servicing tech overhaul
Navy Federal Credit Union (NFCU), the largest retail credit union in the US, has partnered with Oracle for cloud and account servicing technology.
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