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Germany’s Commerzbank taps Surecomp to revamp trade finance back office

Commerzbank has chosen Surecomp, a Canadian trade finance solutions provider, to automate its trade finance business's back-office processing capabilities. The Frankfurt-based bank has...

Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive

Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5 billion operational efficiency program. The...

ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera

New York-based fintech Kafene secures a $15 million growth capital commitment from Trinity Capital for its AI-powered lending platform. Kafene's technology claims to...

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...

Mondu gears up for European expansion with €30m debt financing boost

Mondu secures €30 million debt financing from German bank VVRB. The deal increases Mondu's credit facility with VVRB to €50 million, following a...

Commerzbank forms joint venture with Global Payments for SME payment solutions

Commerzbank and Global Payments form a joint venture, Commerz Globalpay, for digital payment solutions in Germany. Ownership split: 51% Global Payments, 49% Commerzbank;...

Germany’s Scalable Capital secures $65m in Series E extension

Scalable Capital raises $65 million in a Series E extension round. Led by Balderton Capital, with participation from HV Capital’s new growth fund...

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