BMO Commercial Bank taps Extend to launch corporate spend management app
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Martin Murrell has been named as head of global payments and Milton Santiago as head of global digital solutions.
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
With Corserv, Peoples Bank will be able to offer 14 different credit card products to its business and retail customers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The bank says it wanted to enhance its digital banking solutions following more customers wanting to go digital.
Part of the commitment requires the US BNPL vendor to redomicile to the Cayman Islands.
The partnership enables the “maverick” community bank to expand its cannabis clientele across California.
Hochschild will serve in an advisory role at the company until the end of the year to ensure a smooth transition.
James Yacobucci has been appointed to head of bank partnerships and Noah Martin to head of capital markets.
He has served as CEO of Citigroup’s institutional clients group since 2019 having joined the firm in 1987.
First Federal will integrate Bankjoy’s digital banking platform with Fiserv Cleartouch, its core banking system.
In this episode of the podcast, we’re joined by Rajesh Gupta, CFO of UK business bank OakNorth.
Computop’s founders, Frank Arnoldt and Ralf Gladis, previously held 50% of the company’s shares each.
It wanted a tech strategy that would help it support customers’ financial needs, while competing with big banks.
Rocket Companies also revealed that president and COO Bob Walters is to retire after 27 years with the firm.
Trintech hopes the deal will “act as a springboard for innovation” for its accounting automation platform.
Brian Muse-McKenney becomes Episode Six’s first CRO.
Settle will use the expanded facility to boost its lending to e-commerce and consumer brands.
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
Submit your nominations before 4 August 2023!
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FedNow operates in parallel with the Federal Reserve’s existing payment services, Fedwire and FedACH.
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
According to Innovate Finance data, $27.3bn was injected into the industry globally during H1 2023 through 1,714 deals.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Citi Commercial Bank (CCB) says the new platform has been created “in close collaboration” with its clients.
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
Christian Channell joins the cloud-native platform following a 25-year career at Goldman Sachs.
Cheqly’s services include business accounts, physical and virtual Visa cards, ACH payments and wire transfers.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Citi will initially deploy Pismo’s cloud-based core solutions in the US market.
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
Both banks laid off around 500 employees last week, according to media reports.
AI Markets “has been built from the ground up with user experience in mind”, HSBC says.
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
The bank also intends to begin a new share buyback of up to $2 billion.