Nordea Bank to acquire Norwegian challenger bank Gjensidige in €578m deal

Nordea Bank is set to acquire Nordic challenger bank Gjensidige Bank ASA, in a deal worth around €578m ($672m).

Q2 Holdings forms a partnership with Acorns

Digital banking solution developer Q2 Holdings has formed a partnership with Acorns, a micro-investing platform.

TONIK Financial scores $6m in funding round

Southeast Asian digital bank TONIK Financial has netted $6m in its funding round which was led by Insignia Ventures Partners and Credence Partners.

Credit score platform Grow Credit collects $2m in seed round

Grow Credit, which helps consumers to build their credit and access financial services, has bagged $2m in its seed round.

FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...

The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.

Albert pockets $2.5m for savings app

Financial advice app Albert has raised $2.5m in a seed funding round from 500 Startups and 500 Fintech as well as Bessemer Ventures Partners.

Karma said to close £15m funding round from Fortunis

Karma, which gives employees early access to their wages, has reportedly bagged £15m from Fortunis Capital.

Mobile banking app Empower raises $4.5m in funding

Mobile banking platform Empower has raised $4.5m in its latest funding round which will support the development of its new reward service.

Crypto trading app BitKan closes $10m Series B

Cryptocurrency trading and data service provider BitKan has closed a $10m Series B to support its global expansion.

SmartAsset banks $12m for financial advice

Financial advice startup SmartAsset has raised $12m in a Series B round of funding led by IA Capital Group. The deal also saw participation from TV Capital, Contour Ventures, Javelin Venture Partners, New York Life, Transamerica Ventures and Fitz Gate Ventures.

News Stories

Global cards and payments market to grow to $909.1bn in 2023

The global cards and payments market to grow from $721.9bn in 2019 to reach $909.1bn in 2023, according to new research.

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.

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

Don't miss our news & research. Subscribe to our daily newsletter!

29205