FintechDaily – Page 282 – Fresh Dose of Fintech News

Klarna Negotiates Sale of US Loan Portfolio

Klarna is reportedly in discussions with several banks, including Citigroup, RBC, Nordea, and Société Générale, regarding the sale of a portfolio of US "Pay in...

Dubai Investments Acquires Stake in UK Digital Bank Monument

Dubai Investments has acquired a nine percent stake in Monument, a digital banking startup that focuses on the UK's mass affluent market. The terms of...

Strategizing Digital Transformation: Balancing Trust with Partners

To effectively navigate digital transformation during the shift to the cloud, financial institutions are seeking innovative approaches to their cloud strategies. They face challenges related...

Mastercard Agrees to Pay $26 Million to Resolve Gender and Racial Discrimination Class Action Lawsuit

Mastercard has agreed to pay $26 million to settle claims of underpayment of female, Black, and Hispanic employees. The settlement, disclosed in court documents filed...

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...