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Nubank has considered shifting its legal base to the UK, an initiative that will mark an important step in Britain’s push to encourage more tech firms to move to the country.
expansion, banking, financial services, financial institutions
Wonder Group has agreed to acquire Grubhub from Just Eat Takeaway.com for USD 650 million, a reduction from the USD 7.3 billion valuation it held at the height of the pandemic.
acquisition, ecommerce, financial services, delivery, financial institutions
Supply chain fintech VoloFin has announced the rise of USD 50 million in order to provide Indian exporters with optimised access to trade finance.
funding, investment, banking, financial services, financial institutions
Santander has started to roll out its digital Openbank solution for customers and partners in the region of Mexico, including a new website and smartphone app.
expansion, product launch, banking, financial services, financial institutions
Atome Financial has secured a syndicated credit facility of up to USD 200 million, expected to accelerate financial inclusion in the region of Southeast Asia.
investment, funding, banking, financial services, financial institutions
Revolut has been authorised by the FCA to operate as an investment firm, allowing the fintech to expand its services and provide UK and EU clients with stock trading tools.
product launch, banking, financial services, financial institutions
Web3 money application Wirex has announced its partnership with Banking Circle in order to provide worldwide customers and firms with improved financial operations.
partnership, banking, financial services, financial institutions
Klara AI has announced its partnership with global fintech company Unlimit in order to launch a financial solutions specifically designed for women across the EU.
partnership, product launch, banking, financial services, financial institutions
TrueLayer has laid off roughly a quarter of its workforce in a single day, as part of an effort to cut down costs and become more profitable.
banking, Unicorn, Open Banking, financial services, financial institutions
NatWest Group has announced its partnership with NCR Atleos in order to optimise its self-banking channel and build a strong foundation for development.
Mbank has signed an MoU with Meydan Management Services in order to facilitate corporate account opening processes for businesses in the region of the UAE.
The UK Chancellor has announced their plans to introduce a suite of reforms to ensure the growth and development of the region’s financial services sector.
regulation, financial services, financial institutions, expansion, financial inclusion
Selfwealth has received a non-binding indicative proposal from AxiCorp Financial Services, as the latter aims to acquire 100% of the shares for USD 0.23 cash per share.
investment, acquisition, banking, financial services, financial institutions
UK financial regulators have established new rules aimed at enhancing the resilience of technology and third-party providers supporting financial firms.
regulation, compliance, financial services, financial institutions
First Bank of Alabama has selected Jack Henry’s services to modernise the bank’s technology infrastructure to support continued growth and improve customer experiences.
banks, partnership, digital banking, SMEs, financial institutions
Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.
banking, fraud detection, fraud management, money laundering, financial services, financial institutions
Argentine fintech company Ualá has announced the raise of USD 300 million in a new funding round, which will allow the company to reach full profitability in all markets.
Revolut has launched a new survey which shows that two-thirds of companies believe that 'legacy banks' are too slow to adapt to modern business needs.
product launch, survey, banking, financial services, financial institutions
State Bank of India has announced the launch of the SBI Innovation Hub in partnership with APIX, a platform that connects financial institutions and fintech companies.
partnership, fintech, financial institutions, financial services
Nium has announced a partnership with Ecobank to facilitate cross-border payments in 35 African markets for more than 32 million customers.
payments , ecommerce, partnership, cross-border payments, financial institutions