Tag: UK
Dutch challenger Bunq prepares for UK relaunch as it reports first full year of profitability
Business Move: Bunq, the Dutch digital challenger, applies for an Electronic Money Institution (EMI) license in the UK.
Financial Success: Reported a net...
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...
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...
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
Safty Raises €11.3 MillionDanish fintech Safty secures €11.3 million in an investment round led by Upfin.
The investment includes participation from experienced...
Duco names Michael Chin as new CEO as Christian Nentwich steps down
Duco's New CEO: Michael Chin has been appointed as the new CEO of data automation firm Duco, effective from January 23, 2024.
Leadership...