FinTech Futures: Top five news stories of the week – 17 May 2024
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Banco Sabadell
BBVA makes $13bn hostile takeover bid for Banco Sabadell
Banco Sabadell’s board had previously rejected an offer from BBVA claiming it significantly undervalued the company.
Spain’s Banco Sabadell selects NCR Atleos as ATM network partner
Banco Sabadell customers will now have access to the 1,400 ATMs NCR Atleos manages across Spain.
Sabadell confirms offer from Co-operative Bank for TSB
The Spanish bank says that its board has rejected the approach.
TSB lines up Scottish Widows’ Prettlejohn for chairman role
TSB seeks a new chair as its Sabadell departure remains up in the air.
Minna Technologies powers subscription services at Banco Sabadell and ING
Two European banks launch new digital products with the Swedish fintech.
Five Spanish banks complete blockchain POC for interbank payments
The platform has programmed more than 20,000 instant credit transfers.
BNP Paribas snaps up Banco Sabadell depository unit in €115m deal
The unit holds assets worth €22 billion in custody.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Active.AI scores $3m Series A funding
Banco Sabadell’s corporate venturing vehicle is supporting the AI start-up.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
Banco Sabadell’s InnoCells moves on Mexico with UnDosTres investment
The bank’s corporate venture arm picks a paytech.
Sabadell’s InnoCells invests $10m in Base10
Base10 is an investment fund for automation in financial software.
Banco Sabadell acquires online payments firm PayTPV
Spanish bank’s investments keep growing.
Banco Sabadell and Mutua Madrileña support Spanish VC Antai
They participated in a $20m funding round.
Banco Sabadell’s hub chasing innovation in Israel with €7.5m investment
InnoCells has invested in Cardumen Capital.
Banco Sabadell’s venture hub InnoCells acquires lendtech Instant Credit
It aims to grow its digital retail vertical.
