Germany’s Commerzbank taps Surecomp to revamp trade finance back office
Commerzbank has chosen Surecomp, a Canadian trade finance solutions provider, to automate its trade finance business's back-office processing capabilities.
The Frankfurt-based bank has...
India’s Juspay acquires LotusPay to enhance payment capabilities
Bengaluru-based Juspay has acquired LotusPay, a recurring payments solution provider, in an all-cash deal to enhance its offerings for the BFSI (banking, financial...
New private bank Volans gears up for launch in Australia
Volans, a new private bank set to launch in Australia in May, aims to improve banking for high-net-worth customers by integrating advanced AI...
Pagaya secures five-year $280m credit facility led by BlackRock
Fintech firm Pagaya Technologies has secured a $280 million credit facility led by BlackRock, with participation from Israel Discount Bank, UBS O’Connor, JP...
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of around 1,400 positions.
The initiative,...
Fat Zebra bolsters CDR capabilties with acquisition of Aussie open data platform Adatree
Australian payments processor Fat Zebra has acquired Sydney-based Adatree, a platform for the Australian Consumer Data Right (CDR).
Adatree's platform allows companies in...
India’s PayU selects Thought Machine’s Vault Core to power LazyPay credit service
PayU, an Indian payment services vendor, has migrated its credit solution LazyPay to Thought Machine's core banking technology, specifically the Vault Core platform.
...
Nepal Clearing House selects ACI Worldwide to power National Payment Switch service
Nepal Clearing House (NCHL) has partnered with ACI Worldwide to leverage its enterprise payments platform for its upcoming National Payment Switch (NPS) system.
...
Unity Trust Bank appoints Colin Fyfe as new CEO
Unity Trust Bank (UTB), the UK's first trade union-owned bank, has appointed Colin Fyfe as its new Chief Executive Officer (CEO).
UTB, founded...
