Fintech

Investor Cuts Pleo Valuation by 26%, Reflecting Fintech Challenges

Pleo’s valuation dropped 26% year-on-year, reflecting an implied valuation of $1.62 billion. Kinnevik cited profitability measures and planned investment in market expansion for 2025. Pleo’s earlier $4.7 billion valuation contrasts…

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United Fintech Acquires Commercial Banking Applications to Expand Digital Ecosystem

United Fintech acquires Norway-based CBA in its largest deal to date. CBA brings API-driven trade finance and payment tools to…

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Santander’s US Digital Bank Surpasses $2 Billion in Deposits Within Months

Santander's Openbank reached $2 billion in deposits four months post-launch. The platform plans to expand services, including CDs and checking…

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Cross-Border Payments Gain Speed and Transparency with Digital Advancements

Cross-border payments now offer faster, more secure, and transparent solutions for businesses. FNBO uses Swift GPI to improve transaction tracking…

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BNY Expands Investment Offerings as Assets Under Custody Surpass $50 Trillion

BNY plans to expand its investment offerings with managed accounts. The company achieved over $50 trillion in assets under custody. Archer acquisition and Alts Bridge platform aim to enhance client…

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Trump Media Launches Truth.Fi to Expand into Crypto and ETFs

Trump Media debuts Truth.Fi to offer crypto and ETF investment options. Partnership with Charles Schwab involves managing $250 million in…

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Lloyds Bank Cuts 136 Branches as Customers Turn to Digital Banking

Lloyds Bank will close 136 branches by March 2026 due to digital banking growth. Regulators emphasize maintaining access to cash…

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Yavrio Secures $2.4M Seed Funding to Simplify ERP Banking Processes

Yavrio secured $2.4M to optimize ERP-based banking workflows and expand globally. Its platform automates financial tasks, addressing inefficiencies and reducing…

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