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…
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…
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…
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…
AI and Automation Reshape Corporate Finance Strategies
Corporate finance adopts AI and automation to improve efficiency and decision-making. FinTech evolves into a strategic enabler, addressing B2B inefficiencies…
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…
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…
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…
Synchrony Reports Sharp Earnings Growth Despite Mixed Credit Performance
Synchrony’s Q4 2024 earnings rose 76% to $774 million year-over-year. Net charge-offs climbed to 6.45%, reflecting evolving consumer credit conditions.…
Vyne Ends UK Operations Following Tarabut Acquisition
Vyne will cease UK operations by April 2025 due to strategic realignment. Tarabut plans to expand Vyne technology in Bahrain,…
