January 2025 – Page 29

Marqeta’s First Acquisition: $275 Million Purchase of Power Finance

Card issuing fintech Marqeta is set to acquire the credit card program management platform Power Finance for $275 million in cash. Marqeta, which reported a...

Barclays and Synchrony Financial Competing to Acquire Apple’s Credit Card Division

Apple is reportedly in discussions with Barclays to take over as its credit card issuer, replacing Goldman Sachs. Additionally, credit card issuer Synchrony Financial is...

Alphabet Sells Off Its Stake in Robinhood

Google parent company Alphabet has completely divested its stake in the stock trading app Robinhood. Previously, Alphabet had already reduced its investment in Robinhood by...

Unbanx App Empowers Consumers to Unlock the Value of Their Banking Data

Irish fintech Unbanx has introduced an open banking tool that allows consumers to share their transactional data with popular brands in exchange for points-based rewards....

Central Bank of Ireland Prohibits Staff from Using ChatGPT

Ireland's central bank has recently implemented a ban on the use of the artificial intelligence (AI) chatbot ChatGPT by its employees. This decision aligns with...

Amazon Set to Acquire Indian BNPL Company Axio

Amazon has reached an agreement to acquire Indian buy now, pay later firm axio in a deal reportedly exceeding $150 million. axio, formed from a...

LexisNexis Risk Solutions Teams Up with Finextra Research for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will host Trust:Live 2023, an exclusive in-person event for fraud and identity decision-makers. This gathering will unite industry leaders,...

American Express Settles for $230 Million Over Claims of Deceptive Sales Practices

American Express has agreed to pay $230 million to settle charges related to alleged deceptive sales practices concerning credit card and wire transfer products offered...

Senators Call on Regulators to Address Zelle Fraud Issues

Senate Democrats, including Elizabeth Warren, have urged financial regulators to address fraud associated with the bank-owned Zelle P2P payments service. Zelle, operated by Early Warning...

Tech Nation to Cease Operations

The UK's Tech Nation is set to close following the loss of its £12.09 million Digital Growth Grant to Barclays Bank. Established by the Cameron...