Franklin Templeton partners Microsoft to build “advanced financial AI platform”
The firm will leverage Microsoft’s Azure AI services, including its AI Search and AI Document Intelligence functions.
The firm will leverage Microsoft’s Azure AI services, including its AI Search and AI Document Intelligence functions.
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
The firms expect the deal to be finalised in the first quarter of 2025.
The credit union is also converting its core system to Corelation Keystone.
Blend will use the cash to repay “all amounts payable” under its existing credit agreement.
Krishnan will also serve as a member of Vatic AI’s board of directors and will remain situated in Singapore.
Learn how to harness digital-first, on-demand banking to increase bottom lines.
The new system is powered by the open-source payment platform Mojaloop.
Kevin Chapman will succeed Renasant’s incumbent CEO Mitchell Waycaster in May 2025.
The new facility from Pollen Street Capital will support the lender’s future growth plans.
Solid will reportedly buy back FTV’s stake in the start-up in full, according to Fintech Business Weekly.
Fulton Bank will “assume substantially all of the deposits and purchase substantially all of the assets” of the bank.
Partially financed by Stifel Venture Banking, the deal marks Paystand’s second acquisition in two years.
The service will enable customers to transact USDC stablecoins via Solana, Ethereum and Polygon.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The new standalone company will act as an independent neobank offering environmentally sustainable products.
The new offering will also include deposit accounts and automation tools for bill payments.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Together claims to have a loan book exceeding £6.8 billion, originating over £200 million in loans monthly.
The start-up secured a $75m warehouse facility expansion alongside the round.
Tilia is to rebrand as Thunes and maintain operations from San Francisco.
The deal includes Marcus Invest’s accounts and assets under management.
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
The former Bank of America exec is to lead Nium’s strategy in the newly-created role.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
The sustainability spending fintech is to integrate the DoneGood marketplace into its company ratings platform.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The US-based bank has partnered with Backbase and banking and payments fintech Finzly.
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
The round adds to the $300m Ramp raised in its Series D round in August 2023 at a valuation of $5.8bn.
Sachdeva succeeds Rafael Plantier, who has been promoted to head of go-to-market.
The credit union says it’s in the process of pivoting its legacy core to a “cloud native, real-time banking core”.
Founded in 1997, Macatawa Bank manages a network of 26 full-service branches across Michigan, USA.
The agreement was filed with the National Stock Exchange of India this week.
The company had previously announced the tender offer to provide employee liquidity in February.
NFCU is “continuing to standardise” with the fintech’s engagement banking platform.
The bank is to adopt the vendor’s LoanVantage solution and Banno Digital Platform.
Schulman departed his role as president and CEO of PayPal at the end of last year.