Royal Bank of Canada (RBC) and BMO Consider $2 Billion Sale of Moneris Payments Business

The Royal Bank of Canada (RBC) and Bank of Montreal (BMO), two of Canada’s financial institutions, are reportedly exploring the sale of their joint payments processing venture, Moneris Solutions Corporation, in a deal that could be valued at up to $2 billion. The potential divestiture,… Read More

UK’s Digital Bank Monzo Ventures into Mobile Services

In a move to diversify its existing product offerings, UK’s digital bank Monzo is preparing to enter the telecommunications sector by launching its own mobile phone service. This expansion, reported by the Financial Times, positions Monzo alongside other fintechs like Revolut and Klarna, who are… Read More

Global Fintech Klarna to Offload $26B in US BNPL Loans to Nelnet

BNPL Fintech Klarna has entered into an agreement to transfer up to $26 billion of its US-based BNPL loans to Nelnet, a prominent name in the student loan servicing industry. This deal marks a shift for Klarna as it seeks to optimize its financial operations… Read More

Figure Technologies CEO Says Blockchain Tech May Significantly Enhance Mortgage Markets

In a call to modernize the mortgage industry, Michael Tannenbaum, CEO of Figure Technologies, argues that blockchain technology, not outdated federal interventions, holds the key to transforming mortgage markets for the better. In a recent statement on Figure’s official site, Tannenbaum outlined a vision for… Read More

PayLaterr and Experian Aim to Enhance Fraud Detection and Leverage Alternative Data for Budgeting Decisions

PayLaterr, the platform enabling flexible bill payment for essential services,  announced a partnership with Experian, a global firm focused on consumer and business credit reporting. This collaboration enhances PayLaterr’s fraud prevention capabilities and expands its use of alternative data to “help consumers make more informed… Read More

Fintech Payoneer and Stripe to Enable Improved Online Checkout Experience for SMBs

Payoneer (NASDAQ: PAYO), the global financial technology company enabling business growth, announced a partnership with programmable financial services company Stripe. The collaboration marks an expansion of Payoneer’s Online Checkout offering for “cross-border merchants looking to sell direct-to-consumer.” Launching in key markets “within the Asia Pacific… Read More

Canadian Investment Regulatory Organization (CIRO) Responds to Cybersecurity Threat with System Shutdown

The Canadian Investment Regulatory Organization (CIRO), the national body overseeing investment dealers and trading activities, took decisive action last week by temporarily shutting down several of its systems in response to a detected cybersecurity threat. This measure underscores the importance of digital defenses in the… Read More

Fintech Platform Mambu and Knowit Selected By Coop Norge to Enhance Core Banking Solution

Coop Norge SA has selected Knowit and Mambu to implement a new core banking system to manage member deposits. The new solution, powered by Mambu’s cloud-native core banking platform and “integrated into Coop’s infrastructure by Knowit, will modernise and streamline the management of millions of… Read More

AI Adoption Trends, Venture Capital Ecosystem, Insurance Industry Developments, Tariffs Shaping Digital Economy : Research

The evolving global business landscape is being reshaped by technological advancements, shifting investment priorities, and new economic policies. Recent reports from Bain & Company provide insights into how organizations and investors are adapting to these changes. From the surge in AI-driven search behaviors to the… Read More

Investors Push to Oust Digital Bank N26 Co-CEOs Amid Regulatory Scrutiny

In a key development for Germany’s digital bank N26, investors are reportedly seeking to remove the company’s founders from their roles as co-chief executives, following renewed criticism from the country’s financial regulator, BaFin. The move comes as the fintech faces mounting pressure to address shortcomings… Read More

Send this to a friend