Banking
Mambu Acquires Numeral to Boost Payment Solutions and Expand Market Reach
Mambu Acquires Numeral: Dutch core banking technology provider Mambu has acquired French paytech Numeral to enhance its payment solutions and expand market reach....
Banking
Cardstream Appoints Gurinder Sumra as CFO to Drive Growth
UK-based paytech Cardstream has named Gurinder Sumra as its new chief financial officer (CFO).
With over 30 years of experience in financial services,...
Banking
TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost
Workforce Reductions: TrueLayer, an open banking payments company based in London, laid off 71 employees—roughly 25% of its workforce—in September to streamline operational...
Banking
Trust Payments Appoints Laurence Booth as New CEO to Drive Growth
Trust Payments, a leading London-based paytech company, has appointed Laurence Booth as its new CEO.
Booth, who had served as interim CEO since...
Banking
Klarna IPO, New York Stock Exchange, fintech news, Klarna valuation, BNPL IPO
Swedish buy now, pay later (BNPL) leader Klarna has officially announced its decision to pursue its initial public offering (IPO) on the New...
Banking
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
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables...
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