American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Acquisition Details: American Express (Amex) will buy UBS’s 50% stake in Swisscard AECS, making Amex the sole owner. The transaction’s value is undisclosed...
Banking
Arab Financial Services lands $50m investment
Funding: AFS secured a $50 million capital injection,...
Banking
Moneybox’s valuation climbs to £550m with new £70m investment
Moneybox Funding: UK-based Moneybox secures £70 million, raising...
Banking
EquiLend names former ION head Rich Grossi as new CEO
New CEO Appointment: EquiLend, a securities lending platform,...
Banking
MDXT acquires UK data management start-up Schematiq
Acquisition and Purpose: MDXT has acquired UK-based data...
Banking
TransUnion appoints HSBC’s Madhusudan Kejriwal as new CEO for UK and Europe
New CEO Appointment: Madhusudan Kejriwal will become TransUnion’s...
AI
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
Deal Overview: Socure, a US digital identity verification...
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Banking as a Service: Meaning, Examples, Benefits and Future
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Is it worth investing in life insurance over 60?
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Morocco’s CIH Bank taps Backbase for Engagement Banking platform
CIH Bank, based in Morocco, has partnered with Dutch digital banking provider Backbase to support its digital transformation.
...
Navigant Credit Union partners Baker Hill to boost commercial loan operations
Navigant Credit Union, based in Rhode Island, has partnered with Baker Hill to use its Commercial Lending solution...
Barclays signs agreement to become exclusive issuer of GM credit card programme
Barclays US Consumer Bank has signed a long-term deal with General Motors (GM) to become the exclusive issuer...
Santander UK enters open banking payments partnership with Token.io
Santander UK, a subsidiary of Banco Santander, has partnered with Token.io to enhance its open banking infrastructure.
The...
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HSBC launches embedded finance venture SemFi with Tradeshift
HSBC has launched SemFi, a new B2B embedded finance technology company, through its joint venture with Tradeshift, a...
Furness Building Society selects Backbase for digital banking overhaul
Furness Building Society, based in Cumbria, UK, has selected Backbase, a Dutch digital banking solutions vendor, to enhance...
Ex-TNEX chief Bryan Carroll heads new Credit-Decisioning-as-a-Service start-up SMEApprove
Bryan Carroll, former TNEX chief, now leads SMEApprove, a Credit-Decisioning-as-a-Service (CDaaS) platform.
SMEApprove targets banks, fintechs, and lenders...
Bank of Hangzhou partners Malaysia’s Maybank to support cross-border businesses in China
Bank of Hangzhou and Maybank signed an MoU to support Chinese enterprises expanding into Southeast Asia.
The partnership...
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese.
HSBC acquired a minority interest...
JP Morgan to bolster community presence with planned hiring spree in US
JP Morgan Chase plans to hire 75 community managers by 2030 to enhance financial inclusion in underserved communities...
Singapore Gulf Bank strengthens C-Suite ahead of launch
Ali AlShamma has been appointed as Chief Financial Officer (CFO) of SGB. He previously served as CFO for...
Mastercard acquires Minna Technologies to upgrade subscription experience
Mastercard has agreed to acquire Swedish fintech Minna Technologies, specializing in subscription management, for an undisclosed amount.
Minna...
Indonesia’s Krom Bank taps AWS Cloud for digital banking upgrade
Krom Bank, a subsidiary of Kredivo Group, is launching digital banking services through its partnership with Amazon Web...
New UK fintech Covecta launches configurable AI platform
Covecta has launched a configurable AI platform designed to streamline critical activities for financial institutions' front-line teams.
The...
VaticAI appoints Mitch Eggers as new COO and chief scientist
Mitch Eggers has been appointed as COO and chief scientist at VaticAI, an adtech firm specializing in AI-driven...
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...
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