Nubank announces $330m investment in Mexican business
Brazilian digital lender Nubank has announced plans to invest $330m in Mexican operations via equity capitalisation to drive growth. Specifically, the investment…
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Nigeria limits ATM withdrawals to promote digital currency
The Central Bank of Nigeria has announced a cap on customer ATM withdrawals in a bid to promote the usage…
Galileo launches BNPL solution for banks and fintechs
US-based Galileo Financial Technologies has launched a new buy-now-pay-later (BNPL) solution for banks and fintech firms. The new solution is aimed at…
Russian lender VTB suffers “unprecedented” cyberattack from “abroad”
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict Russian banking…
India to let foreign investors own over 51% of IDBI Bank
The Indian government has confirmed that a consortium of foreign funds and investment entities would be allowed to own more than 51%…
JG Wentworth buys Stilt’s digital consumer lending platform
US-based financial services firm JG Wentworth has announced the acquisition of the digital lending platform from Stilt. JG Wentworth did not disclose…
FTX collapse will slow down crypto regulations, analyst warns
The implosion of the industry darling has put the future of the Digital Commodities Consumer Protection Act in doubt.
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Grupo Mexico in advanced talks to buy Citi’s retail unit
Grupo Mexico, an entity controlled by mining tycoon German Larrea, is in advanced talks to buy Citigroup’s retail banking business in…