FintechDaily Staff – Page 328

Tradeweb to Acquire Investment Technology Firm ICD for $785 Million

Tradeweb Markets has announced its acquisition of investment technology firm Institutional Cash Distributors (ICD) for $785 million. Tradeweb operates electronic marketplaces across rates, credit, equities,...

UK Bank Customers Experience Delayed Payments

Thousands of bank customers in the UK have experienced payment issues, resulting in delays for some individuals receiving their salaries. A glitch in the UK's...

Robinhood Acquires Credit Card Startup X1

Stock trading app Robinhood has agreed to acquire credit card startup X1 for approximately $95 million in cash. Founded by former Twitter executive and aimed...

Gresham, Listed in London, Set to Be Acquired by STG Partners

London-listed fintech Gresham Technologies has reached an agreement for a buyout by a private equity firm in a cash deal valued at £146.7 million. Gresham's...

UK Consumers Defrauded of Over £500 Million by Scams in Early 2023

Criminals stole £580 million through both unauthorised and authorised fraud in the first half of 2023, reflecting a two percent decrease compared to the same...

Connecting Domestic Instant Payment Systems: Five Asian Markets to Watch

The Bank for International Settlements is progressing towards the live implementation of Project Nexus, an initiative aimed at enhancing cross-border payments by linking various domestic...

Welsh Fintech Raises $13 Million in Funding

Welsh fintech company has successfully raised $13 million in funding.

Google Cloud Secures Significant Financial Services Contracts

Google Cloud has leveraged its annual Las Vegas event to announce partnerships with prominent financial services firms, including Citadel, Discover, and Scotiabank. Giant market maker...

AIB Issues Apology for Online Banking Malfunction

Irish high street bank AIB has acknowledged a glitch in its online banking service following a report by The Irish Independent. The issue was initially...

US Judge Dismisses “Insufficient” $30 Billion Swipe Fee Settlement

A US district court judge has dismissed a proposed $30 billion settlement regarding swipe fees between Visa, Mastercard, and US merchants, citing that both card...