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KPMG acquires minority stake in fintech startup AdviceRobo
To predict risk, the company applies artificial intelligence(AI) on non-financial data including the behavior of potential borrowers. AdviceRobo’s technology enables…
Klarna Bank to acquire UK’s Close Brothers Retail Finance
Klarna said that the acquisition of CBRF will enable the payments firm to expand its retail financing services for customers…
Fannie Mae announces sale of non-performing loans
Community Impact Pools are typically smaller pools of loans that are geographically-focused, and marketed to encourage participation by non-profit organizations,…
Blackstone-led consortium to buy 60% stake in Luminor Bank for €1bn
Nordea Bank and DNB Bank, which currently own Luminor Bank, agreed to divest the majority stake to Blackstone consortium. As…
J.P. Morgan expands wealth management business in Luxembourg
As part of the long-planned restructuring, the firm proposes to merge two legal banking entities into one allowing for seamless…
Mashreq Bank implements solutions that use AI and machine learning
Mashreq Bank is claimed to be the first private bank in the UAE to implement Blue Prism’s Digital Workforce automation…
Exegy to work with TNS on FX trading platform
The new platform is said to aggregate TNS’ expertise in market connectivity and hosting solutions and Exegy’s Trade Port FX…
Open Banking publishes Open Banking Standards version 3.0
This update builds significantly on the version of the Standards that launched in March 2018, effectively giving account providers who…
SS&C to buy financial technology provider Intralinks for $1.5bn
Intralinks is a cloud-based financial technology provider for the global banking, deal making and capital markets. The transaction is comprised…
Cuentas announces LOI with Israel fintech firm Banxit
A binding agreement is scheduled to be signed by October 31, 2018. The BanXit platform helps financial institutions meet the…