Adyen gets UK banking license after temporary approval
Adyen NV has won approval for a UK banking license, replacing its temporary post-Brexit permission to offer embedded finance and ...
Tag: Bloomberg
Israeli cybersecurity startup backed by Steph Curry’s Penny Jar raises $50M
Israeli cybersecurity startup Upwind raised funds in a round that values the company at $300 million. The year-old cloud security ...
Klarna shrinks losses with sales growth and cost-cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued to pay ...
Trustly acquires French fintech SlimPay in €70M deal
Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion. The deal ...
Mastercard to buy stake in MTN’s $5.2B fintech unit
Mastercard Inc. has agreed to take a minority stake in the financial-technology business of MTN Group Ltd., Africa’s biggest wireless ...
PayPal names Intuit’s Alex Chriss CEO, replacing Schulman
PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses ...
Private equity firm GTCR buys majority stake valuing Worldpay at $18.5B
Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit ...
Finance-specific LLMs promise workflow automation
The generative AI boom may be in its infancy, but financial institutions are already looking into how they can implement ...
PayPal’s 80% stock plunge hasn’t soured Wall Street
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down. ...
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, ...
