Tag: banking
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
New Valuation: Revolut has become Europe’s most valuable private tech company, now valued at $45 billion after a secondary share sale.
Employee Benefits:...
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
Here’s a summary of the collaboration between the Monetary Authority of Singapore (MAS) and various banks to address quantum computing threats in financial services:...
Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
New Start-Up Bank:Fortuna Bank, an Ohio-based start-up, is preparing to launch after securing $20.7 million in funding and receiving conditional approval from...
Banking Tech Awards 2024 nominations deadline extended to 6 September
Extended Nomination Deadline:The deadline for nominations has been extended to 6 September 2024 to accommodate delays due to summer holidays.Event Details:...
Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
Investment Details:Scotiabank has agreed to acquire a 14.9% pro-forma ownership stake in KeyCorp, the parent company of Ohio-based KeyBank, for $2.8 billion.
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ClearBank secures new Credit Institution Licence from the ECB to expand into Europe
ECB Licence Granted:ClearBank Europe N.V., the European branch of ClearBank, has been granted a Credit Institution Licence by the European Central Bank...