Enterprise Bancorp seals $562m deal for merger into Independent Bank
Independent Bank, the parent company of Rockland Trust, has agreed to merge with Enterprise Bancorp, a parent company of Enterprise…
10 Dec 2024
Qatar Islamic Bank, PayLater tie up on Shari’a-compliant BNPL services
Qatar Islamic Bank (QIB) has announced a memorandum of understanding (MoU) with PayLater to offer Shari'a-compliant Buy Now, Pay Later (BNPL) services. This collaboration aims to provide customers with flexible…
09 Dec 2024
India’s DFS directs banks to use AI and ML to boost fraud prevention
India’s Department of Financial Services (DFS) has asked banks to implement advanced fraud prevention technologies, including artificial intelligence (AI) and machine learning (ML), to enhance customer protection against fraud. This…
09 Dec 2024
Comerica Bank faces CFPB lawsuit over federal benefits failings
The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Comerica Bank for breaches while offering federal benefits programme through Direct Express prepaid debit cards. The bank, responsible for…
09 Dec 2024
Santander to sponsor Williams Racing
Santander has announced a new sponsorship with the Formula 1 team Williams Racing. The bank will become an official partner of the team starting from the 2025 season. This multi-year…
09 Dec 2024
Crédit Agricole moves to increase stake in Italy’s Banco BPM
French retail bank Crédit Agricole has entered into financial instruments pertaining to 5.2% of Banco BPM's share capital, helping it raise its stake in the latter to 15.1%. Currently, Crédit…
06 Dec 2024
UK digital lender Zopa secures around $85m in equity funding
Zopa Bank has received more than €80m ($84.6m) in an equity funding round, with A.P. Moller Holding leading the investment alongside existing stakeholders. This capital injection is set to bolster…