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UK challenger GB Bank lands £85m investment

GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million. Investors:Hera Holdings: £40 million initially, with an additional £40 million...

UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries

Overview:Entities Involved: UK digital challenger Chetwood Financial and CHL Mortgages for Intermediaries (CMI), purchased from Barossa Asset Purchaser Sarl. Purpose: Expansion of Chetwood's...

Avidbank partners Corserv to launch commercial credit card programme

Avidbank in the USA partners with Corserv to launch a new credit card offering for commercial clients.Corserv’s Role:Corserv’s Account Issuer...

CFPB fines Chime $3.25m for customer refund delays

Chime Fined by CFPB:US fintech Chime has been fined $3.25 million by the Consumer Financial Protection Bureau (CFPB) for delays in issuing...

Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs

Potential Sale of GM Credit Card Programme: Goldman Sachs is reportedly in talks with Barclays regarding the potential sale of its General Motors...

Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia

Cashee, a mobile banking app designed for kids and teens, is set to launch in the Kingdom of Saudi Arabia (KSA). Founded in...

Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes

Clearwater Credit Union Partners with Cotribute:Partnership Overview:Clearwater Credit Union, based in Montana, US, has chosen California-based fintech Cotribute to enhance its digital...

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