Tag: Digital
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit the UK market after two years of operations.
The decision...
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding agreement to acquire Aion Bank and Vodeno for approximately €370...
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...
UK money management app Plum raises £16.1m investment
Key Points:New Investment:Plum secured a fresh investment totaling £16.1 million.
Investment includes a £13.4 million Series B...
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...
Cash App to exit UK as Block scales back international expansion plans
Summary of Cash App's Exit from the UK MarketCompany: Cash App, a division of Block (formerly known as...
First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite
Summary of First Global Bank's Partnership with Profile SoftwarePartnership Details:Entities Involved: First Global Bank (FGB) and Profile...
Digital challenger Inter promotes SVP Alexandre Riccio to Brazil CEO
Summary of Inter's Leadership Changes and StrategyLeadership Appointment:New CEO: Alexandre Riccio appointed as CEO for Brazil.
Focus...
Diamond Credit Union partners Tyfone for nFinia digital banking platform
Partnership:Diamond Credit Union selects Tyfone for its nFinia Digital Banking platform.
The platform will serve both commercial...
TBC Bank Uzbekistan lands $38.2m equity investment
Funding:TBC Bank Uzbekistan (TBC UZ) secured a $38.2 million equity investment from stakeholders.
TBC Bank Group, the...