Slope Secures $65M in Funding Led by JP Morgan to Boost B2B Payment Solutions
B2B paytech Slope has successfully raised $65 million in equity and debt funding, with JP Morgan leading the investment. The funds will be used to enhance Slope's B2B payment solutions and expand its market ... Read More
US Fintech Coast Secures $40M Series B Round to Fuel Growth and Expansion
Coast, a US-based fintech company, has raised $40 million in Series B funding. The investment will drive product development, strategic partnerships, and team expansion, positioning Coast for accelerated growth in the competitive fintech ... Read More
US Federal Reserve Imposes $44 Million Fine on Green Dot for Unfair Practices
The US Federal Reserve has fined digital bank Green Dot $44 million due to unfair and deceptive practices. The fine addresses issues related to Green Dot's banking and prepaid card products, aiming to protect consumers and ensure fair ... Read More
Indonesia and South Korea Enhance Cross-Border Payment Connectivity
Indonesia and South Korea have announced a new partnership to boost cross-border payment connectivity. This initiative aims to streamline transactions, reduce costs, and improve efficiency between the two countries, fostering stronger ... Read More
Airwallex Secures Licence to Offer Retail Investment Products in Australia
Airwallex has received a licence from the Australian Securities and Investments Commission (ASIC) to offer retail investment products. This expansion allows the fintech company to diversify its services beyond cross-border payments and ... Read More
China Bohai Bank to Sell $4 Billion in Non-Performing Loans Amid Financial Reforms
China Bohai Bank, linked to Standard Chartered, plans to dispose of $4 billion in bad loans. This move aligns with China's broader financial reforms to clean up balance sheets and strengthen the banking sector. The sale will help Bohai ... Read More
Cash App to Exit UK Amid Block’s Strategic Shift in International Expansion
Cash App is exiting the UK as Block Inc. scales back international expansion to focus on core markets. The strategic shift aims to reallocate resources and strengthen its product offerings, particularly in the US, amidst competitive ... Read More
Australian Court Fines American Express $5.3 Million for Credit Card Rule Violations
An Australian court has imposed a $5.3 million fine on American Express (AmEx) for breaching credit card rules. The penalties stem from AmEx's failure to comply with obligations related to consumer protection and transparency, highlighting ... Read More
Five Sigma Revolutionizes Insurance with AI-Powered Adjustment Agent
Five Sigma has introduced the insurance industry's first AI-powered Insurance Adjustment Agent. This innovative technology aims to streamline claim processes, enhance accuracy, and improve customer satisfaction. The AI agent automates ... Read More
New Deal Sees Black Hills Federal Credit Union Partner with NCR Atleos for Enhanced ATM Management
Black Hills Federal Credit Union has signed a new agreement with NCR Atleos for comprehensive ATM management services. This partnership aims to streamline operations and enhance the efficiency and security of ATM networks across the ... Read More