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UK-based clearing bank ClearBank has entered into a strategic partnership with Temenos, a Swiss banking software developer, to leverage its cloud-based payments platform. ClearBank aims to provide banks
Square, a California-based payments and merchant services provider, has secured conditional approval from the Federal Deposit Insurance Corporation (FDIC) to start Square Financial Services, an industrial loan company
Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers have launched FundsDLT, a blockchain-based technology platform for the investment fund industry. The financial institutions
Al Ansari Exchange, the UAE-based foreign exchange company, has partnered with Pelican, a company developing Artificial Intelligence (AI)-based financial crime compliance system. Under the partnership, Pelican will implement
Banco Santander, Spanish banking giant has acquired 50.1% stake in Mercury Trade Finance Solutions (Mercury TFS), an end-to-end trade finance transactions solutions provider, for €30m. As per Banco
New Jersey-based Provident Bank’s parent company Provident Financial Services has agreed to acquire SB One Bancorp in a deal worth $208.9m. SB One Bancorp is the holding company
UK banking giant Barclays has now enabled its customer to make payments from its app, from the current accounts held in other banks. Using application programme interface (API)
Finantix, an AI-based financial insights developer, has acquired InCube Group, a Swiss developer of solutions for wealth management and insurance industries, for an undisclosed amount. The acquisition is
Indian public sector banking giant State Bank of India (SBI) announced that it will invest INR24.5bn ($330m) in Yes Bank, the private bank which was placed under moratorium
American banking giant Wells Fargo is expanding its credit offering, by introducing a suite of credit products to Deferred Action for Childhood Arrivals (DACA) recipients. For DACA recipients,