/payments
Corporate payments company Corpay is set to buy account payable automation outfit Paymerang. Financial terms have not been disclosed.
09 May 2024
/retail
Eleven years after launching with a credit card product in Brazil, digital banking startup Nubank has transformed into a LatAm financial juggernaut, surpassing 100 million customers in Brazil, Mexico, and Colombia.
/regulation
Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.
Google Wallet is landing in India, although the existing Google Pay app will remain the place for all things payments in the country.
/markets
A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.
Accounts payable automation specialist TranscendAP has spun out from IT services firm Optima Global Solutions.
/security
The UK's Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.
08 May 2024
/people
TSB is to close 36 bank branches and cut 250 jobs in a major operational overhaul at the UK bank.
/devops
Lloyds Banking Group is collaborating with Red Hat on a programme to drive the adoption of open source software across its engineering teams.
Challenger bank Monzo has raised another $190 million with support from Hedosophia, an early backer of Airbnb and Uber, Alphabet fund Capital G, and Singapore's Government Investment Corporation (GIC).
SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.
Belgium's Centre for Exchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.
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