All articles by Satarupa Bhowmik
Satarupa Bhowmik
First Financial to acquire Westfield Bancorp in $325m deal
The acquisition includes all of Westfield Bank’s retail banking locations, as well as its commercial, insurance agency, and private banking services.
Cyble, FinTech Australia partner to bolster cybersecurity in financial tech sector
Cyble’s offerings extend to cloud security, endpoint protection, supply chain risk monitoring, cyber threat intelligence, and dark web surveillance.
Kakao Bank gains approval for virtual banking in Thailand
A consortium led by SCBX, including Kakao Bank and WeBank, has been picked as one of three operators for the virtual bank.
LHV Bank, Salt Edge, Tuum enter open banking alliance
The alliance utilises Tuum’s core banking platform and Salt Edge’s Open Banking Compliance solution to improve customer services.
Jio Financial takes full ownership of Jio Payments Bank
The acquisition makes the digital bank a wholly-owned subsidiary of JFSL.
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Lumin Digital, Chimney collaborate to enhance digital banking for homeowners
The partnership integrates Chimney’s MyHomeTracker solution into Lumin’s digital banking platform.
Fintech firm Salmon completes $88m fundraise
The equity round was led by venture capital firm Spice Expeditions.
Financial operations platform Ramp secures $200m in Series E funding
With this latest funding round, Ramp has secured a total of $1.4bn in equity financing.
BPCE reportedly in talks to acquire Novo Banco
Lone Star Funds owns 75% of Novo Banco, with the Portuguese government holding a 25% stake through various entities.
Paragon Bank launches new savings app
The new app seeks to improve the savings experience for UK consumers by tackling the common problem of “current account coasting.”