The Bank of London formally submits application for EU banking licence
The Bank of London has applied for a European Union (EU) banking license and plans to invest €200 million in Luxembourg and the wider...
DBS Bank to sell majority stake in AXS to Tower Capital Asia
Singapore's DBS Bank is selling a 77.8% majority stake in AXS, a provider of electronic payment services, to Tower Capital Asia. The transaction is...
Monzo reportedly eyeing merger with Nordic neobank Lunar
UK digital bank Monzo is in early stage talks to potentially acquire Nordic neobank Lunar as part of its European expansion plans. Monzo is...
German fintech Moss taps GoCardless to power its UK push
German fintech Moss has partnered with GoCardless to facilitate its entry into the UK market. GoCardless will act as Moss's UK direct debit provider,...
BKN301 names Mahesh Paolini-Subramanya as new CTO
BKN301 Group has appointed Mahesh Paolini-Subramanya as its new Chief Technology Officer (CTO). He brings extensive experience to the role, having worked at various...
Alexander Weber departs as CGO of German challenger N26
Alexander Weber, the Chief Growth Officer (CGO) of German challenger bank N26, is stepping down after nine years with the company. Weber has been...
Bank of America fined by US regulators over fake accounts and junk fees
The US Consumer Financial Protection Bureau (CFPB) has fined Bank of America $150 million and ordered the bank to compensate affected consumers with over...
Ten UK credit unions tap Engage for Faster Payments Service
Ten UK credit unions have partnered with Engage, a community banking division of Solaris, to utilize Engage's bulk Faster Payments Service (FPS). This collaboration...
Fiinu to scale back operations amid continued efforts to source fresh funding
UK banking start-up Fiinu is facing difficulties in securing additional funding required for its banking license application with UK regulators. As a result, the...
