Tesco reportedly exploring sale of banking business
According to Sky News, Tesco is launching a review of its UK banking activities.
According to Sky News, Tesco is launching a review of its UK banking activities.
The Telegraph reports that Railsr’s Lithuanian subsidiary is being investigated by the country’s central bank.
A deal could be made in the next few months with the unit valued at around £250m, Sky News reports.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The combined business will serve more than 2,200 companies.
Despite the drop, it was still the third-best year for fintech investment ever.
Zopa’s “BNPL 2.0” offering will allow consumers to spread the cost of purchases worth between £250 and £30,000.
Maher Loubieh, co-founder of Hala, says Paymennt’s product was a “clear fit” with their own strategy.
Tucker joins from NewDay, which acquired Deko in January 2020.
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
The acquisition will enable NatWest to offer its commercial customers a suite of financial wellbeing products.
FIS expects the spin-off to be completed within the next 12 months.
A new cartoon illustrating how the drop in VC money may result in new fintech start-ups being acquired.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FNZ says the acquisition will strengthen its client proposition and build out its presence in Luxembourg.
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Voiles joins Pipe from Square, where he served as general manager of Square Banking.
The investment is part of Binance’s ‘Industry Recovery Initiative’ (IRI), launched in 2022.
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
Thanks to the acquisiton, Seon will be able to offer “a vital single source” to fight fraud holistically.
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
Nano plans to wind down its home loan services and focus on providing technology to financial services companies.
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
Nav says the acquisition will boost its existing offerings for small businesses.
“Last year, we decided to reshape the business to be in line with our new strategic imperative,” says CEO.
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
A new cartoon illustrating the consolidation and M&A process that the fintech market is starting in earnest.
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Post-acquisition, Pagaya and Darwin’s SFR business now operates in more than 30 markets across the US.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.
PFS is a fund administration software company headquartered in the Isle of Man.
JP Morgan acquired the student loan application fintech for $175 million in 2021.
Cube’s CEO says the deal marks the first in what is expected to be a series of acquisitions.
Tap Global raised £3.1 million from listing on the UK-based Aquis Stock Exchange.
The acquisition follows an investment from AnaCap Financial Partners into Fintus.
An insider reportedly told Sky News that there was “heavy competition for the asset”.