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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Europe fintech funding round-up: Aria, AbbeyCross, Salv and more

Aria Funding:French fintech Aria, aiding businesses in instant payments, secures €15 million in funding. Led by 13books Capital, with participation from Adevinta...

Dutch commercial bank NIBC taps Fenergo for KYC tech

NIBC, a Dutch commercial bank, selects Irish fintech Fenergo for onboarding and KYC solutions. Fenergo's SaaS, integrated with Salesforce, will replace NIBC's legacy...

ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank

Nearpay's Series A Funding:Saudi fintech Nearpay secures $14 million in Series A funding. Sanabil Investments leads the funding round, with participation from...

ABN Amro to acquire Dutch neobroker Bux for undisclosed sum

ABN Amro Acquisition of BuxABN Amro, a major Dutch bank, is acquiring the Dutch neobroker Bux for an undisclosed amount.Strategic Objectives...

Apex Fintech Solutions files draft statement for IPO with US SEC

Apex Fintech IPO:Apex Fintech Solutions, a Dallas-based company, has confidentially filed a draft registration statement for a US IPO. Majority-owned by Peak6...

Meniga bags €15m Series D funding to fuel new growth strategy

UK-based Meniga secures €15 million in Series D funding. Total funding now stands at €55 million since its establishment in 2009. Groupe BPCE...

ClearBank names former Barclays and Starling exec Megan Cooper as new chief product officer

Megan Cooper's Appointment:Megan Cooper appointed as Chief Product Officer (CPO) of ClearBank. ClearBank is a UK-based clearing and embedded banking platform.Previous...

India’s M2P Fintech acquires Goals101 to tap AI-led transaction behaviour intelligence

Acquisition Details:M2P Fintech, based in Chennai, India, has acquired Goals101 for approximately $30 million (INR 250 crore).Integration of Goals101:Goals101's platform,...

Splitit delists from ASX as Motive Partners snaps up controlling stake

Delisting from ASX: Splitit, the white-label BNPL provider, voluntarily delisted from the Australian Stock Exchange (ASX) after private equity firm Motive Partners acquired a...
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