Tag: Financial Services/Finserv
GFT cultivates core banking capabilities with acquisition of Colombia’s Sophos Solutions
GFT Technologies Acquisition:GFT Technologies is set to acquire Sophos Solutions, a Colombian core banking vendor, from Advent International.
The deal is expected...
Bread Financial names former Amex CIO Allegra Driscoll as new CTO
Bread Financial Announcement:Allegra Driscoll was appointed as EVP and CTO.
Focus on advancing enterprise technology priorities.
Goal: Expand private-label credit card offerings...
Société Générale reportedly seeks new buyer for neobank Shine
Shine Sale Consideration:Société Générale is reportedly considering selling Shine, the neobank for freelancers and small businesses.
The French banking giant is actively...
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
Cost Reduction Target: The program aims...
UK fintech ieDigital snaps up AI tech provider Abaka
ieDigital to acquire Abaka for an undisclosed sum
Abaka offers an AI-powered recommendation engine for personalized financial services
Utilizes machine learning and behavioral...
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...