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MTS Bank announced IPO in push for development

News | Online & Mobile Banking | 16 Apr 2024

Russia-based MTS Bank has announced that it will hold an Initial Public Offering (IPO), aiming to accelerate its development and growth process. 

product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions

Bank of England looks into Metro Bank's data security issues

News | Digital Identity, Security & Online Fraud | 03 Apr 2024

The Bank of England has launched an investigation into allegations regarding potential security risks concerning customer data at Metro Bank.

banks, data protection, data privacy, cybersecurity

6G Digital acquires 25% stake in FlexM Global for USD 12.5 mln

News | Online & Mobile Banking | 01 Apr 2024

Sweden-based fintech 6G Digital has bought a 25% stake in Singapore-based fintech FlexM Global for USD 12.5 million to augment the banking and money transfer landscape.

fintech, acquisition, money transfer, financial inclusion, banking

Rakuten Group announces consolidation of fintech operations

News | Online & Mobile Banking | 01 Apr 2024

Rakuten Group has unveiled its plans to consolidate its fintech operations into a unified group in a bid to expand its customer base across various sectors.

fintech, merger, expansion, banking

Azimut to launch a new digital independent bank

News | Online & Mobile Banking | 29 Mar 2024

Italy-based Azimut has set out plans to spin off part of its network of financial advisors, merge it into an independent digital bank, and look for outside investors. 

investment, partnership, product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions

Monzo signs up for 159 anti-fraud service

News | Digital Identity, Security & Online Fraud | 28 Mar 2024

UK-based digital bank Monzo has signed up for 159, the phone service that connects individuals with their bank when they receive a suspect call on financial matters. 

fraud management, fraud prevention, online banking, digital banking, online security

Checkout.com partners with Bolt

News | Payments General | 20 Mar 2024

Global payment solutions provider Checkout.com has entered a collaboration with Bolt, a checkout technology company, to accelerate the advancement of ecommerce. 

partnership, ecommerce, checkout optimisation , payment processing, online payments

Monzo considers selling stake to Singapore's GIC

News | Online & Mobile Banking | 19 Mar 2024

Digital bank Monzo has engaged in advanced talks to sell a USD 50 million stake to Singapore’s Government Investment Corporation.

funding, digital banking, acquisition, fintech, neobanks

Nordic Capital to invest in One Inc

News | Online Payments | 15 Mar 2024

Sweden-based private equity firm Nordic Capital has announced its plans to join Great Hill Partners and become an investor in the digital payment platform One Inc

mobile payments, online payments, online platform, investment, digital payments

Inpay supports Tranglo's global expansion

News | Payments General | 12 Mar 2024

International payments firm Inpay has announced its plans to facilitate the European expansion of the global payment service provider (PSP) Tranglo

partnership, SEPA, instant payments, real-time payments, cross-border payments

Revolut's valuation declines amid licence delays

News | Online & Mobile Banking | 12 Mar 2024

A significant devaluation of Revolut, one of the UK's prominent fintech companies, has been indicated by a major shareholder.

banking license, fintech, financial services, digital banking

Nationwide acquires Virgin Money for GBP 2.9 billion

News | Online & Mobile Banking | 12 Mar 2024

UK-based Nationwide Building Society has reached a preliminary agreement to acquire Virgin Money for GBP 2.9 billion.

acquisition, merger, financial services, banks

Flagstone secures GBP 108 million

News | Payments General | 12 Mar 2024

UK-based cash deposit platform Flagstone has secured a GBP 108 million investment from Estancia Capital Partners to further accelerate its development process. 

funding, investment, payments , online payments, mobile payments, digital payments, ecommerce

Mogo includes Bitcoin in its treasury management strategy

News | Cryptocurrencies | 08 Mar 2024

Digital wealth and payments business Mogo has announced a change to its treasury management strategy to include Bitcoin and Bitcoin ETFs.

cryptocurrency, treasury, digital assets, payments

OANDA launches crypto trading platform in the UK

News | Cryptocurrencies | 27 Feb 2024

Trading platform OANDA has opened an FCA-registered crypto trading platform ‘OANDA Crypto’ in the UK, following the acquisition of a majority stake in Coinpass.

trading platform, cryptocurrency, product launch, expansion, regulation

Visa, Checkout.com, and Stake fuel real estate investments in UAE

News | Payments General | 20 Feb 2024

Visa, Checkout.com, and investment platform Stake have partnered to launch a cross-border account funding solution to facilitate real estate investments in the UAE.

investment, cross-border payments, digital wallet, digital payments

Virgin Money to buy abrdn's stake in a joint venture

News | Payments General | 14 Feb 2024

Virgin Money has revealed its intention to buy abrdn’s 50% stake in their joint venture, Virgin Money Investments.

partnership, investment, acquisition, financial services

Worldline plans to reduce its workforce by 8%

News | Payments General | 08 Feb 2024

France-base digital payments company Worldline has announced it would cut its global workforce by 8% as part of its cost reduction plan.

payments orchestration, merchants, fraud prevention, SaaS, payment processing

Mastercard acquires minority stake in MTN's fintech business

News | Payments General | 06 Feb 2024

Global payment-technology corporation Mastercard has concluded the acquisition of a minority stake in the South African MTN Group’s fintech business. 

acquisition, payments , online payments, mobile payments, digital payments, ecommerce

Celsius issues creditors USD 3 bln in crypto in exit from bankruptcy

News | Cryptocurrencies | 05 Feb 2024

Crypto lender Celsius has announced it will distribute USD 3 billion in crypto to its creditor as the company’s bankruptcy is officially closed.

cryptocurrency, lending, mining, Bitcoin, PayPal