DGB Daegu Bank taps into quantum technology to boost its cybersecurity

DGB Daegu Bank has teamed up with SK Telecom to to use its 5G quantum cryptography technology in its mobile banking app IM Bank.

Mambu enters Brazilian market by signing FinTech Acesso as its client

German-based Mambu, the company creating a SaaS banking engine, has signed Acesso, the financial services company, as its first Brazilian client. Acesso specializes in issuing...

Raisin acquires Choice Financial to bring US banks new deposit solutions

Open banking platform Raisin has acquired Choice Financial Solutions so it can offer US banks and credit unions the ability to create flexible deposits.

Swan said to close €5m seed funding round

France-based Swan, a banking-as-a-service provider, has reportedly raised €5m in its seed funding round.

Navi Technologies raises new round worth over $394.2m led by Flipkart’s co-founder Sachin Bansal

FinTech company Navi Technologies has raised roughly in $394.2m in a new venture round led by Sachin Bansal, the co-founder of Indian e-commerce giant Flipkart.

LNC acquires CrossLink from its existing ownership

LNC Partners has acquired tax software developer CrossLink Professional Tax Solutions from the existing ownership.

MoneyGram announced partnership with Saudi Arabian Al Rajhi Bank

Cross border payment company MoneyGram has inked a strategic partnership with Al Rajhi Bank, an Islamic bank.

New Capital Partners-backed LoyaltyExpress acquires Lending Manager

LoyaltyExpress, a CRM and marketing automation provider for banks and mortgage companies, has acquired Lending Manager.

Visa partners with TrueLayer and contributes to the open banking API startup’s $35m Series...

London-based TrueLayer has just received a major vote of confidence for its open banking API platform.

GI Partners buys Togetherwork from Aquiline Capital

GI Partners has acquired payment and software developer group Togetherwork from Aquiline Capital Partners for an undisclosed amount.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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