Banking
HSBC CEO Noel Quinn to step down after five years in the role
CEO Retirement: Noel Quinn, the CEO of HSBC, is set to retire after five years in the role.
Reason for Retirement: Quinn states...
AI
Mastercard to realign organisational structure with three new divisions
Organizational Restructuring:Mastercard announces plans to reorganize its teams into three units: Core Payments, Commercial and New Payment Flows, and Services.Leadership Changes:...
Banking
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...
Banking
ICYMI fintech funding round-up: Prometeo, Zeal, Detected and Finbridge Global
Prometeo's $13M Series A Funding:Uruguay-based start-up Prometeo secures $13 million in a Series A funding round led by Antler Elevate.
New investors...
Banking
Global fintech investment plummeted 48% in 2023, according to new data by Innovate Finance
Global Fintech Funding (2023):Total global investment in fintech reached $51.2 billion in 2023, marking a 48% decline from the previous year's figure...
Banking
Dutch payment processor Silverflow lands $16.3m funding
Funding Success: Amsterdam-based payment processing tech company Silverflow secures $16.3 million (€15 million) in a funding round led by Global Paytech Ventures.
Investor Participation: Picus...
Banking
Global enforcement fines rise to $5.65bn in Q3 2023
Global enforcement fines rose to $5.65 billion in Q3 2023, marking a 30% increase from the year's start.
Q1 and Q2 fines were...
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