Moniepoint buys Kenya’s Sumac Microfinance Bank
Moniepoint has completed the acquisition of Sumac Microfinance Bank in Kenya, following approvals from the Central Bank of Kenya and…
02 Apr 2026
NatWest and Sainsbury’s partner to launch new finance products
NatWest and Sainsbury’s have agreed a partnership that will see a range of banking products introduced for Sainsbury’s customers, including offers limited to members of the Nectar loyalty scheme. The…
01 Apr 2026
Monzo pulls plug on US operations
Monzo Bank is retreating from the US after facing difficulties in gaining traction in the market and shift focus to UK and Europe. The UK-based digital bank will cease accepting new American customers and cut approximately 50 roles, reported Bloomberg. Existing US account holders will retain access until June. In…
01 Apr 2026
Fidelity BancShares to acquire Affinity for $142.8m
Fidelity BancShares has agreed to acquire all outstanding common stock of Affinity Bancshares in an all-cash deal valued at about $142.8m. This move will see Fidelity establish its presence in Georgia for the first time. Shareholders of Affinity will receive…
01 Apr 2026
TikTok targets Brazilian market with dual fintech licence bid – report
TikTok, owned by China’s ByteDance, has submitted applications to Brazil’s central bank for authorisation to operate in the country’s financial services sector, reported Reuters. According to sources cited by the news agency, the social media platform is seeking approval for…
31 Mar 2026
Ex-HDFC chair cites values and ethics concerns as drivers behind exit
Nearly two weeks after stepping down, Atanu Chakraborty, former chairman of HDFC Bank, cited concerns over “values” and “ethics” as the reason behind his unexpected resignation, choosing not to elaborate…
31 Mar 2026
Wise targets daily banking market with new UK account
Wise has rolled out its UK Current Account, adding new functions aimed at everyday users and those who manage finances across borders. According to the company, Wise handled accounts for…