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Capital One to acquire Discover for $35 billion

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Capital One to acquire Discover for $35 billion

Capital One has made a $35 billion bid to acquire Discover Financial Services, in a move that radically reshapes the payment card industry.

Banks "barking up the wrong tree" over CBDC deposit flight says ECB

/retail

Banks "barking up the wrong tree" over CBDC deposit flight says ECB

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

Pulsate raises $7.7 million in Series A funding round

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Pulsate raises $7.7 million in Series A funding round

Pulsate, a mobile-first customer engagement platform for community financial institutions, has raised $7.7 million in funding.

How Westpac is using Generative AI to speed up software development

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How Westpac is using Generative AI to speed up software development

Westpac has trained 800 engineers on the use of generative AI tools to speed up software development.

Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers

/retail

Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers

UK fintech startup Revenir AI has developed a white label app for banks to help travellers claim back VAT on purchases made abroad automatically using their phones.

Tap, click and pay: how digital payments seize the day

/retail

Tap, click and pay: how digital payments seize the day

The use of digital payments around the world continued to grow in 2022, while the number of cash withdrawals and small-denomination banknotes declined, according to BIS figures.

Activist investor defends Temenos but calls for CEO's removal

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Activist investor defends Temenos but calls for CEO's removal

Activist investor Petrus Advisers has called for the ouster of Temenos interim CEO Andreas Andreades in the wake of allegations made this week by Hindenburg Research. However, Petrus has rejected some of Hindenburg's criticisms of the Swiss fintech, arguing that it has recently made "substantial progress".

NextGen Nordics 2024: What to expect from this year's conference

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NextGen Nordics 2024: What to expect from this year's conference

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics, and much more.

Checkout.com hit by over £100 million in losses

/retail

Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

Temenos fights back against Hindenburg report allegations

/retail

Temenos fights back against Hindenburg report allegations

Swiss core banking vendor Temenos has hit back at Hindenburg Research, insisting that the damning report published yesterday by the activist investment firm contains "factual inaccuracies" and "false and misleading allegations".

Nigeria's Carbon buys Vella Finance for AI-powered business banking

/retail

Nigeria's Carbon buys Vella Finance for AI-powered business banking

Nigerian digital bank Carbon has acquired Vella Finance for the launch of an AI-powered platform for SMEs. Financial terms were not disclosed.

Bank of Ireland names Niamh De Niese first chief digital and architecture officer

/retail

Bank of Ireland names Niamh De Niese first chief digital and architecture officer

Bank of Ireland has poached Santander's Niamh De Niese to take on the newly-created position of chief digital and architecture officer.

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