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Metro Bank launches AI-powered money management Insights
British challenger Metro bank has rolled out an in-app money management tool dubbed Insights, which uses AI to generate tips and alerts for personal mobile...
BUSINESS
Stripe lands $20bn valuation with new $245m funding
Payments technology company Stripe gains a $20bn (£15bn) valuation after the $245 million funding round led by Tiger Global Management.
With investors like DST Global...
Wells Fargo to cut up 26,500 jobs in the next 3...
Struggling to overcome the rise of online banking and soaring legal bills, Wells Fargo decided to cut as much as 26,000 jobs over the...
PAYMENTS
SECURITY
Lloyds Banking Group introduces Voice ID
Lloyds Banking Group is launching its Voice ID, a voice verification technology from Nuance which helps identify customers dialing into call centres.
Customers can utilize the...
ANNOUNCEMENTS
Moneto Money Bank to buy Czech challenger Air Bank
Consumer finance house Home Credit and its online challenger bank Air Bank is getting acquired by Czech bank Moneta for EUR767 million to create a new...
China’s Tencent invests in Brazil fintech Nubank
Chinese e-commerce giant Tencent Holdings Ltd has invested $180 million in Brazilian fintech company Nubank, adding South America to Tencent’s emerging markets investment spree.
With 2.5 million customers signed up to its...
Danske Bank CEO resigns over $234 billion money laundering scandal
The chief executive of Danske Bank, Thomas Borgen has resigned after an investigation revealed the laundering of billions of cash through the bank's Estonian...
AI-based personal finance bot Cleo raises $10m
London-based fintech startup Cleo has raised $10 million in a Series A funding round led by Balderton Capital, as it looks to expand outside...
Wave Achieves Growth Milestones, Unveils Machine Learning, and Celebrates With a Complete Rebrand
Today Wave (waveapps.com) announced its latest company milestones, including achieving more than 3.5 million registered business customers. Wave also unveiled a roster of new...
MEDIA
TECHNOLOGY
SS&C to acquire Eze Software for $1.45b
Global provider of financial services software, SS&C Technologies Holdings has acquired Eze Software, the investment management software house of private equity owner TPG Capital.
The...
Citi partners with HighRadius for corporate receivables
Using machine-learning tools from HighRadius, Citi looks to provide a smooth-running process of matching open invoices to payments received for its corporate clients.
Dubbed Citi...
Deutsche Bank introduces digital repository for document exchange
Deutsche Bank introduced a secure digital repository for the exchange of documents, aimed at the loan market's initiative to go paperless.
Labeled as the eVault,...
Capita bags HSBC Fintech order for mortgage broker network platform
Capita, the UK major in business process solutions and support services, with operations across Europe, South Africa and India has just been awarded a...
ING’s unified contact centre platform launched across 12 countries
ING is introducing a cloud-based unified contact centre platform fit across 12 countries.
With the new platform, the bank not only looks to enable its...
RETAIL BANKING
Metro Bank launches AI-powered money management Insights
British challenger Metro bank has rolled out an in-app money management tool dubbed Insights, which uses AI to generate tips and alerts for personal mobile...
