All articles by Pradeep Bairaboina
Pradeep Bairaboina
Neonomics buys UK-based open banking platform Ordo
Neonomics stated that the acquisition aligns with its strategic objective to accelerate growth and expand its service offerings in the UK and internationally
Ally Financial agrees to divest credit card business to CardWorks
Under the agreement, CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, will acquire Ally’s credit card business, including a portfolio of $2.3bn in credit card receivables
Citigroup Q3 2024 net income decreases by 9% to $3.2bn
Citigroup has reported total revenues of $20.3bn for the third quarter of 2024, a 1% increase compared to $20.3bn for the same quarter of 2023
General Motors announces long-term credit card partnership with Barclays
Under the partnership, cardholders will be able to earn and redeem GM rewards on new Chevrolet, Cadillac, Buick, and GMC vehicles, including GM’s electric vehicle lineup
Mastercard to buy threat intelligence firm Recorded Future for $2.65bn
By integrating AI and other advanced technologies, Recorded Future enhances Mastercard’s capabilities in identity protection, fraud prevention, real-time decision-making, and cybersecurity
Royal Bank of Canada’s Q3 net income increases 16% to $3.3bn
The Canadian lender reported total revenue of C$14.6bn for the third quarter of 2024 (Q3 2024), a 13% increase compared to C$12.9bn for the corresponding quarter of 2023