Tag: banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a significant stake in Sokin, a UK-based business payments start-up.
Transaction...
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit and withdrawal services for personal and small business current accounts....
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International Partnership
Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital...
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin, a Software-as-a-Service (SaaS) solutions provider, to upgrade its pricing, billing,...
Bank of Clarke partners with Greenlight for family money management solution
Key Points:Objective:Foster "healthy lifelong financial habits" among customers.Service Offering:Bank of Clarke customers can now register...
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
Key Points:Funding Sources:International Finance Corporation (IFC): $40 million
Other Investors: Development Partners International (DPI), Lorax Capital Partners,...
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card...
Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering
Summary of Jordan Kuwait Bank's Launch of eliWalletEntities Involved:Jordan Kuwait Bank (JKB)
Mastercard
FOO (UAE-based fintech)Product...
Starling Bank founder Anne Boden reportedly steps down from board to focus on new AI venture
Summary of Anne Boden's Departure from Starling Bank and New AI VenturePerson: Anne Boden, founder of Starling Bank.
...
BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe
Partnership Overview:BNP Paribas partners with Ant International to enhance cross-border payment solutions in Europe.
Formalized through a...
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup...
Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding
Funding:Partior, a Singapore-based fintech start-up, secured over $60 million in a Series B funding round.
The round...