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Dec 03, 2024 – FinTech News

Deel Acquires Wise Rival Atlantic Money to Bolster Payment Capabilities

Deel, a global payroll provider, has acquired UK-based fintech Atlantic Money, which was established to challenge Wise in the money…

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Dec 03, 2024 – FinTech News

UK Moves Forward with Digital ID Initiative for Businesses

The UK is making strides toward the creation of a digital company ID, aimed at enhancing business efficiency and reducing…

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Dec 02, 2024 – FinTech News

Tembo Secures £14 Million in Series B to Expand Savings and Mortgage Solutions

London-based Tembo, a digital savings and mortgage platform, has raised £14 million in a Series B funding round led by…

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Dec 02, 2024 – FinTech News

MUFG Acquires WealthNavi for $664 Million in Strategic Expansion

Mitsubishi UFJ Financial Group (MUFG) has announced plans to acquire 100% ownership of Japan’s leading robo-advisor, WealthNavi, for $664 million.…

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Nov 30, 2024 – FinTech News

Commonwealth Bank Leverages AI to Slash Fraud Rates by 50%

Commonwealth Bank of Australia (CBA) has reported significant success in combating fraud through the early adoption of Generative AI (GenAI)…

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Nov 30, 2024 – FinTech News

Norwegian Krone to Join Eurosystem’s Instant Payment Service by 2028

Norway has officially partnered with the Eurosystem’s Target Instant Payment Settlement (Tips) service, planning to add the Norwegian krone (NOK)…

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Nov 29, 2024 – FinTech News

SumUp Surpasses 1 Billion Transactions Annually, Stays Cool on IPO Plans

UK-based payments group SumUp has achieved a significant milestone, processing over one billion transactions annually. Despite its success, the fintech…

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Nov 29, 2024 – FinTech News

Hackers Breach Central Bank of Uganda, Steal $17 Million

In a major cybersecurity breach, hackers infiltrated the Central Bank of Uganda and stole $17 million from Treasury accounts. The…

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Nov 28, 2024 – FinTech News

Deutsche Bank Invests $20M in Partior, Closing $80M Series B Round

Partior, a fintech specializing in ledger-based interbank systems for real-time clearing and settlement, has secured a $20 million investment from…

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Nov 28, 2024 – FinTech News

Lunar Appoints Robert Stambro as New CFO to Lead Next Phase of Growth

Lunar, the Nordic challenger bank, appoints Robert Stambro as CFO effective December 1, 2024. With over two decades of financial…

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