Lloyds and NatWest Сlose More Branches
Lloyds Banking Group and NatWest have decided to discontinue the operation of even more traditional bank branches.
Finance & Economics - page 89
Bud Branches Out Into USA
The British fintech open banking company Bud has hired a team of executives who will deal with the issues of the firm’s entry into the US market and its further promotion in this region.
Alibaba Prepares IPO for $20 Billion Logistics Unit
The media reports that Alibaba Group plans to take its logistics business public.
Web3 Protocol Polytrade Raises $3.8 Million to Improve Global Trade
Polytrade, a web3 protocol focused on global trade, announced the attraction of investment funds in the amount of $ 3.8 million following the results of the initial funding round.
Crypto Wallet Manufacturer Ledger Values at $1.4 Billion
Ledger, the manufacturer of cryptocurrency wallets, announced a new round of attracting investment funds for the expansion of the C series.
Binance Joins FIDO Alliance Preparing to Implement Passkeys
Binance has aligned with the FIDO Alliance dedicated to the development of passwordless authentication standards
U.S. Fines Wells Fargo Nearly $100 Million
In the US, Wells Fargo was fined $97.8 million due to violations related to sanctions.
H&M Says Tech Investments Help Sales Climb 12%
The Swedish chain of clothing stores H&M recorded an increase in sales and an unexpected increase in profits.
Japanese VCs Join €3 Million Growth Round in Sweden’s Open Payments
The Swedish fintech company Open Payments announced the completion of a round of financing for 3 million euros.
Paytrix Secures $18.3 Million Series A Funding
Paytrix, an embedded payments company for fast-growing vertical software platforms, announced that it managed to raise $18.3 million in investment funds following the results of the Series A funding round.
LeapXpert Raises $22 Million for Finserv Messaging Platform
LeapXpert, a provider of business communication solutions, announced the attraction of investment funds in the amount of $ 22 million following the results of the Series A+ financing round.
Fintech Farm Launches Neobank in Vietnam
A new fintech product from Fintech Farm that came to the Vietnamese market has Ukrainian roots
Xapo Bank and Circle Integrate USDC Payment Rails as Alternative to SWIFT
Xapo Bank partnered with Circle to offer USDC deposits and withdrawals in an attempt to bypass the cumbersome and expensive SWIFT payment system
Thunes Bags $30 Million in Ongoing Investment Round
Thunes, a Singapore-based company that specializes in providing financial services for making cross-border payments, announced the attraction of $30 million in investment funds during an ongoing funding round.
UK Government Abandons Sunak’s NFT Plan
The UK government has decided not to implement the plan of the country’s Prime Minister Rishi Sunak, which provides for the Royal Mint to commit to creating an interchangeable token.
UAE Rolls Out Digital Dirham Project
The Central Bank of UAE is ready to start with its Central Bank Digital Currency (CBDC) implementation. The Digital Dirham project will employ G42 Cloud and enterprise blockchain firm R3
Finance & Economics
