PayTech

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The new policy affects personal and business accounts.Customers are encouraged to apply...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...
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CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over

UK-based CAB Payments has appointed Neeraj Kapur as its new CEO, replacing current CEO Bhairav Trivedi who is set to step down on...

Payments Canada in search of new CEO after Tracey Black announces departure

Tracey Black, President and CEO of Payments Canada, will step down from her role on March 31, 2024, as she chose not to...

TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer

TransferGo, a cross-border payments fintech, has appointed Simon McFeely as its new Chief Compliance Officer. The appointment is part of TransferGo's efforts to...

European Parliament authorises new regulations for instant money transfers

The European Parliament has adopted new regulations aimed at ensuring euro money transfers arrive in bank accounts "within ten seconds" throughout the EU. ...

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...

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. ...
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