Ocrolus raises $80m in Series C; valuation crosses $500m
Ocrolus, an automation platform that assesses financial documents, has raised $80m in Series C funding. The round was led by…
Bank Leumi Le-Israel sells US arm for $1.14bn to Valley National Bancorp
Valley National Bancorp has signed an agreement to acquire the US arm of Bank Leumi Le-Israel for $1.14bn. As per the terms of the agreement, Valley National Bancorp will offer…
Temenos, Vodeno and Aion Bank join forces on BaaS in Europe
Banking technology provider Temenos has teamed up with Vodeno and Aion Bank to accelerate banking-as-a-service (BaaS) deployment in Europe. Through the collaboration, the firms aim to address the complexities and…
Dongguan Rural Commercial Bank raises $1.2bn via Hong Kong IPO
China’s Dongguan Rural Commercial Bank (DRC Bank) has reportedly raised $1.2bn (HK$9.1bn) in its Hong Kong initial public offering (IPO). DRC Bank priced each share at HK$7.92, which is at…
SMFG secures CCI nod for Fullerton India deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) has secured a key approval for its previously announced acquisition of Fullerton India Credit Company. The deal was green lighted by the Competition Commission…
Rockland Trust to sell four former East Boston branches
Independent Bank’s subsidiary Rockland Trust Company has agreed to sell four former East Boston Savings Bank branches to HarborOne Bancorp. The four branches are located in Brighton, Cambridge and Brookline…
Indian neo-bank Zolve launches offerings for US immigrants
Zolve, a neo-banking start-up in India, has launched a range of financial services aimed at US immigrants from around the world. Zolve will offer services such as FDIC-insured US bank…
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