Goldman Sachs Group Inc. is reportedly planning to cut up to 1,800 jobs, representing about 3% to 4% of its global workforce, following its annual performance review process. The job cuts, which are set to affect between 1,300 and 1,800 employees, are part of the investment bank’s routine efforts to manage costs and optimize its […]
Ceto, a prominent player in providing data-driven insights for financial institutions, has made headlines with its acquisition of VPCtech. This strategic move is poised to enhance Ceto’s capabilities in banking technology and expand its service offerings, marking a significant development in the financial technology sector. Strategic Acquisition to Expand Financial Technology Services The acquisition of […]
In a move set to revolutionize the banking industry, Blend, the leading platform for digital banking solutions, has partnered with Astra, the pioneer in instant payments-as-a-service, to enhance the digital onboarding experience for consumers. This partnership aims to streamline the process of funding new deposit accounts, addressing a common hurdle that often frustrates new customers. […]
In a significant development for the financial services industry, Vergent Loan Management Software (Vergent LMS), a leading fintech lending platform, has announced a strategic integration partnership with AvanteUSA, a renowned provider of collection services. This collaboration is set to offer enhanced lending and receivables management solutions to financial institutions worldwide, catering to a wide spectrum […]
Tata Consultancy Services (TCS) said that the Commercial Bank of Kuwait (CBK) has selected its TCS BaNCS for Treasury solution for managing risk better, improve asset class coverage, and also for driving future growth. According to the Indian IT services provider, Commercial Bank of Kuwait was looking for a modern, integrated treasury solution to enable […]
Visa has signed a deal worth €1.8 billion to acquire Tink, a Swedish open banking platform provider that enables fintechs, financial organizations, and merchants in Europe in developing personalized financial management tools, products, and services. By means of a single API, Tink helps its customers in accessing smart financial services such as financial data, risk […]
Tata Consultancy Services (TCS) has launched a new blockchain-based solution called Quartz for Markets to enable exchanges, financial institutions, and other market infrastructure institutions (MIIs) to innovate with tokenized assets. Quartz for Markets will help the MIIs in tapping blockchain technology for providing end-to-end next generation services around tokenized securities and drive their growth for […]
Intellect Design Arena, an Indian fintech company, has launched a composable, cloud-native technology platform called iKredit360, which has been designed exclusively for European financial institutions. According to the company iKredit360 is a credit platform that can converge financial offerings like credit products, payments, cards, and banking services for creating integrated user journeys throughout the financial […]
Financial Institutions, Inc. has agreed to acquire the assets of New York State-based insurance brokerage firm Landmark Group for an undisclosed price. The acquisition is being carried out through the bank holding company’s subsidiary SDN Insurance Agency. Financial Institutions, Inc is also the parent company of Five Star Bank, Courier Capital, and HNP Capital. Since […]