Mastercard picks new batch of crypto and blockchain Start Path firms
Mastercard has welcomed five new firms to its Start Path startup programme specifically for firms in the cryptocurrency and blockchain space.
Stripe joins forces with payments API provider Orum
Stripe is bringing in Stephany Kirkpatrick, the founder and CEO of payments orchestration firm Orum. Financial terms were not disclosed.
ANZ joins MAS-led asset tokenisation project
ANZ is the latest bank to join the Monetary Authority of Singapore’s multi-year Project Guardian initiative to explore asset tokenisation applications.
Fintech valuations fall by half a trillion
Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.
Sainsbury’s sells travel money business to Fexco
UK supermarket group Sainsbury’s is offloading its travel money business to Ireland’s Fexco. Financial terms were not disclosed.
Santander to acquire TSB for £2.65 billion
Santander has reached an agreemenet to acquire UK lender TSB from Banco Sabadell for £2.65 billion in an all-cash transaction.
Level39 gets Intel Inside
Intel has partnered with UK tech accelerator space Level39 to provide startups with access to its industry expertise, contacts, data sets and next-generation hardware.
Japanese digital bank Habitto goes live
Habitto, a Tokyo-based startup looking to take on Japan’s giant banks, has opend its first svaings account to customers, offering a market-beating 0.3% interest on the first one million yen deposited.
Asset manager associations join international blockchain initiative
The respective trade associations for the UK and Singapore’s asset management industries have signed up to Project Guardian, a cross-border initiative led by the Monetary Authority of Singapore and designed to promote use-cases for blockchain.
HSBC invests $7m in data privacy firm Privitar
HSBC has invested $7 million in Privitar, topping up a recent $80 million Series C funding round for the UK-based data privacy startup.
UK fintech Tide reaches unicorn status
A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn
UK’s high street banks see profits fall as online rivals gain ground
High street banks in the UK have seen their profits drop in 2024 as customers opt for alternative lenders and online banks offering both higher savings rates and more digital services.
UK companies backsliding on sanctions screening
UK companies are failing to keep up with the requirements for sanction-screening prospective clients despite the high level of global geopolitical unrest, according to a recently published survey.
FIS vows to help community banks set up digital units in 90 days
Fintech behemoth FIS has unveiled a tech package it promises will help US community banks and credit unions roll out standalone digital banks in just 90 days.
Starling revaluation jump starts shares in Chrysalis
Shares in growth capital fund Chrysalis jumped by 10% on a significantly upgraded valuation of portfolio company Starling Bank.