/ai
The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.
18 July 2024
/wholesale
Meridien, a US holding company which specialises in the global payment, CRM and banking industry, is to acquire a 27% stake in London fintech firm DKK Partners as it prepares to list on the New York Stock Exchange.
/payments
Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.
Matera, a Brazilian fintech that has become a significant part of the country's Pix instant payments ecosystem, is targeting North America after securing $100 million in investment from Warburg Pincus.
JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.
17 July 2024
Swedish BNPL outfit Klarna is lining up potential financial advisors for a US initial public offering that could happen in the first half of next year, according to the Financial Times.
/retail
UK digital bank Monzo has unveiled a new account package for children between the ages of six and 15.
/crypto
Standard Chartered's digital asset trading arm Zodia Markets has acquired the Jersey-based OTC trading business of Elwood Technologies.
/startups
Amid a challenging fundraising environment, London VC 13books Capital has closed a new £121 million fund to invest in the founders building tomorrow’s fintech businesses.
Existing investor Tiger Global Management is in talks to lead a $500 million secondary share sale for Revolut that would value the UK-based fintech giant at at least $40 billion, according to Sky News.
Argentinian payments processor Tapi is targeting the Mexican market after securing $22 million in funding.
Starling Bank founder Anne Boden has quit the board of the challenger bank to pursue a new AI venture.
16 July 2024
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