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Credit Agricole to invest £13.3bn for tech transformation

French banking major Credit Agricole has revealed plans to invest €15bn (£13.3bn) in technology over the next four years to achieve “greater efficiency”. Credit Agricole said that it wants to align its technological fundamentals with the best standards on the...

Ripple launches operations in Brazil

Blockchain payments firm Ripple has launched its operations in Brazil to expand its presence in the South American region. The blockchain-based solutions provider has roped in fintech entrepreneur and executive Luiz Antonio Sacco as managing director to build the Ripple...

BBVA begins new brand implementation in US

BBVA initiated its new brand strategy and updated logo originally announced in April, beginning the process of replacing tens of thousands of physical logos -- and thousands more digital ones -- with the bank's new mark. In the U.S.,...

Visa launches new network to speed up cross-border B2B payments

Payment technology major Visa has commercially launched its non-card-based payment network, Visa B2B Connect, which allows seamless bank-to-bank cross-border business transactions. Visa B2B Connect network will enable financial institutions to quickly and safely process high-value corporate cross-border payments across the...

Airwallex confirmed as latest fintech unicorn following Series C fundraising

Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Airwallex’s Series C fundraising was led by DST Global, which has previously backed internet giants Facebook, Airbnb and...

Bank of America Merchant Services to provide payment processing for Sezzle

Bank of America Merchant Services, a leader in payments, eCommerce and security solutions, announces that it has been chosen by Sezzle to be their digital card processor for the rapidly growing fintech company and its clients. Sezzle will use Bank...

UAE and Saudi Arabia set out how they plan to use shared digital currency

The Central Bank of the United Arab Emirates and the Saudi Arabian Monetary Authority (SAMA) have clarified some aspects of their joint plan to launch a common digital currency. It's planned that the project, known as Aber, will be used...

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