BNP Paribas announces today that it has signed an agreement with HSBC for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1 to more than €40bn.

 Axyon AI, which improves asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Nicholas “Nick” Greenland as  Senior Vice President, Business Development.

Damen, a leading electronic payment company and innovator in the field of digital transactions, and BKN301 Group, a London-based leading digital payments and Banking-as-a-Service provider in the MENA region, announced the update their ‘Damen Cash’ app by introducing a new feature for paying gas bills using NFC technology.

KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to access a line of credit through Propel’s AI-powered lending platform within the KOHO app.

Hummingbird, a leading provider of financial crime risk management solutions, today announced the acquisition of LogicLoop, a pioneer in no-code data integration and automation. The acquisition marks a significant step forward in Hummingbird’s mission to become the core operating platform for financial crime fighters, empowering financial institutions to unify, explore, and act on their risk and compliance data.

The PNC Financial Services Group, Inc. and Plaid have entered into a bilateral data access agreement that will enable PNC customers nationwide to more safely and securely connect and share financial data to their chosen financial applications through Plaid. PNC uses Akoya as its API service provider to provide PNC customers' financial information to all data recipients.

29% of the UK public have reported that their financial health has deteriorated over the past six months, feeling the financial strain as rising bills and costs take a toll on their financial health, according to new research from moneyhub.

Avarda, a leading Nordic payment provider, is proud to announce its strategic partnership with Checkout.com, a global digital payments provider. 

The new agreement will see Avarda improve payment performance for its merchants, by enhancing the payment experience for its customers. This includes simplifying the checkout process for card payments, which will increase loyalty, reduce friction, and ultimately, cart abandonment.

Airwallex, a leading global payments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season. 

Physical banking is now of less importance to UK consumers than those in Europe or the US, new research has found.

The findings – commissioned by CRIF, Europe’s leading provider of consumer and credit information – show UK consumers are now the least likely to choose a bank or financial provider based on it having a physical presence near where they live.