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 Fin VC. The fundraising puts the company’s valuation north of…
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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…
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…
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).…
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…
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.…
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…
Ant Group’s Huabei begins sharing data with China’s credit reporting system
Chinese financial services company Ant Group has reportedly begun sharing consumer credit data with a joint venture partly owned by the country’s central bank. Huabei, the micro-lending service of Ant,…
China infuses $18.6bn into banking system amidst Evergrande crisis
Chinese central bank has reportedly pumped $18.6bn (CNY120bn) into the banking system to address concerns raised by the Evergrande crisis. The People’s Bank of China (PBoC) is providing the funds…
Pakistani fintech TAG Innovation raises $12m at $100m valuation
TAG Innovation, a fintech start-up in Pakistan has secured $12m investment from a group of investors. The latest fundraising values the company at $100m, Bloomberg reported citing an internal document.…
TD Bank signs data access pact with Envestnet | Yodlee
TD Bank Group has entered into a data access agreement with Envestnet | Yodlee to address the needs of its digital clients. The agreement will allow the bank’s customers to…
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