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Multitude Bank secures €15m majority shareholding in Norwegian digital challenger Lea Bank

Multitude Bank, a wholesale bank based in Malta, has acquired a 9.9% stake in Lea Bank, a listed Norwegian digital challenger, thereby becoming...

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HSBC group COO John Hinshaw steps down after five years

John Hinshaw, HSBC’s Group Chief Operating Officer (COO), is stepping down after five years and will take six...

Commerce Bank partners FIS for loyalty programme management platform

Partnership: Commerce Bank, a $30.6 billion-asset regional bank headquartered in Kansas City, has partnered with FIS to implement...

Sonali Bangladesh UK selects Finastra Essence for core banking tech overhaul

Partnership: SBUK, a UK-based bank focused on trade finance in Bangladesh, has selected Finastra Essence, a core banking...

Digital Federal Credit Union and First Tech Federal Credit Union to merge

Merger Details: DCU and First Tech Federal Credit Union, two US-based credit unions, plan to merge by 2025,...

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Tuum names former Vocalink head David Yates as new chairman

New Chairman: David Yates, a financial services veteran, has been appointed as the new chairman of Tuum, a...

India’s M2P Fintech reportedly on track to secure $80m funding round

New Funding Round: M2P Fintech is reportedly raising up to $80 million. Lead Investor: Helios Investment Partners is...

Former Capital One VP Fouzi Husaini joins Marqeta as chief AI officer

New Role: Marqeta has named Fouzi Husaini as its new Chief Artificial Intelligence Officer. Responsibilities: Husaini will scale...

Modernizing Financial Infrastructure: Replacing IPLA for Enhanced Efficiency

As financial institutions adapt to new industry standards and technologies, legacy platforms like the Integration Platform for Large Applications...

Five Star Bank to begin “orderly wind down” of BaaS offerings

Parent Company: Financial Institutions, Inc. (FII), parent of Five Star Bank and Courier Capital, will commence an orderly...

OneAZ Credit Union to deploy Backbase’s Engagement Banking platform

Partnership: OneAZ Credit Union partners with Dutch digital banking solutions provider Backbase to enhance its digital services. Platform...

US transportation paytech AtoB raises $130m in equity and debt funding

Funding Details: AtoB, a payments solutions provider for the transportation industry, raised $130 million in Series C funding,...

BIS’ Project Agorá to commence design phase with private sector participants confirmed

Project Overview: Project Agorá, led by the Bank for International Settlements (BIS), aims to explore how tokenisation can...

UK wealth manager Quilter buys NuWealth to boost first-time investor support

Acquisition Announcement: London-based wealth manager Quilter has acquired digital investment platform NuWealth, launched in 2019, for an undisclosed...

NeoXam set to acquire data control and automation platform EZOPS

NeoXam Acquisition: NeoXam, a Paris-based fintech firm, is set to acquire EZOPS, an AI-powered data control and automation...

UK credit card start-up Yonder secures £23.4m in fresh funding

Funding Raised: £23.4 million. Lead Investors: RTP Global and Repeat (formerly Jigsaw VC), with additional support from LocalGlobal,...

Ex-TSB chief Paul Pester joins UK wealthtech start-up Firenze as chair

Leadership Appointments:Paul Pester: Former TSB Bank CEO, appointed as chair of Firenze's board. Samantha Bamert: Former Barclays...

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