Payments

Varo Financial Raises $123.9 Million in Funding Boost

The latest funding round strengthens Varo's financial position and growth plans.Highlights: Varo Financial secures $123.9 million in new funding.The investment will support Varo's growth strategy.Varo aims to enhance its...

NatWest to Shut 32 Branches, Tightening Its Retail Network

The bank aims to streamline operations amid changing customer habits.Highlights: NatWest to close 32 branches in a strategic...

Novum Secures UK Pension Fund Backing, Strengthening Fintech Growth

Funding supports expansion of innovative financial services in the UK.Highlights: Novum has received investment from a UK pension...

Apax Spins Out Finastra Treasury and Capital Markets Business, Strengthening Focus

Finastra's TCM unit now operates under the new brand Teciem.Highlights: Finastra's Treasury and Capital Markets unit has been...

TSB Warns of Spike in Romance Scams Amid Rising Online Fraud

Recent increase in romance scams targets vulnerable individuals.Highlights: TSB reports a dramatic increase in romance scams.Victims often lose...
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Routefusion Raises $26.5M Series A to Expand Global Payments Infrastructure

Cross-border payments platform Routefusion secures $26.5 million in Series A funding to enhance its global payout network and accelerate expansion into new markets. Highlights: Routefusion...

Microsoft and LSEG Renew AI Data Partnership for Enhanced Financial Insights

Exploring the Impact of Advanced AI on Financial Data ServicesHighlights: Microsoft and LSEG aim to enhance data analytics and financial insights through AI technology.The...

FCA Launches Open Finance Accelerator to Drive Innovation

Empowering FinTech Startups to Shape the Future of FinanceHighlights: The FCA introduces an Open Finance Accelerator program aimed at fostering FinTech startups.The initiative seeks...

RLAM Doubles Down on Data Clarity with AIVIQ’s TermsCloud

Unlocking the Future of Data Management in Investment ManagementHighlights: RLAM enhances its data management strategy to improve operational efficiency.The partnership with AIVIQ introduces TermsCloud,...

Major Banks Explore Blockchain-Based Digital Money: A Financial Revolution

Discover how leading financial institutions are leveraging blockchain technology to innovate digital currencies.Highlights: Major banks are actively exploring the potential of blockchain for digital...

Mastercard and Coinbase Compete for Ownership of Stablecoin Firm BVNK

A Strategic Battle in the Crypto Market Amidst Growing Demand for StablecoinsHighlights: Mastercard and Coinbase are in a bidding war to acquire BVNK, a...

JPMorgan Employees Required to Register Biometric Data for New HQ Access

Exploring the Implications of Biometric Security Measures in Corporate EnvironmentsHighlights: JPMorgan mandates biometric data registration for employee access to their new headquarters.This initiative aims...

SoftBank Negotiates $5 Billion Margin Loan for Strategic Investments

Exploring Financial Maneuvers to Strengthen its Portfolio and Address DebtHighlights: SoftBank is in discussions for a $5 billion margin loan.The funds are aimed at...

China Investigates Qualcomm for Antitrust Violations: Impact on Tech Industry

Examining the Implications of Qualcomm's Legal Challenges in ChinaHighlights: China's antitrust authorities are investigating Qualcomm for potential market manipulation.The outcome of this investigation could...
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