Banking
UK challenger Atom Bank records first ever annual operating profit
UK digital challenger Atom Bank has achieved its first annual operating profit of £4 million in FY23, attributing its success to a strong customer...
Banking
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...
Banking
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...
Banking
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...
Banking
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...
Banking
Apple eyes credit card launch in India as partnership with Goldman may be nearing its end
Apple is reportedly in talks with HDFC Bank and Indian regulators to launch a credit card in India. Meanwhile, Goldman Sachs is considering ending...
Banking
DBS launches e-CNY merchant collection solution in Mainland China
Singaporean banking giant DBS has launched an e-CNY merchant collection solution in Mainland China, allowing businesses to receive payments in China's central bank digital...
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