UniCredit SpA’s announced to eliminate around 8,000 jobs. This is pushing cuts announced by banks this year past 75,000 with most of them in Europe (due to negative interest rates and a slowing economy).
Mastercard yesterday announced it is developing its first European Cyber Resilience Centre, a state-of-the-art cyber and security center in Europe that will drive collaboration between both public and private sectors, as well as regulatory bodies to further support enterprise resilience in the region.
Last week was a big week for Flywire. The global payments platform made a dual announcement, that it closed a round of funding and sealed the deal on an acquisition. It has acquired a healthcare technology platform Simplee. The acquisition comes just after the company raised $120 million through its Series E funding round, which was led by Goldman Sachs.
Danske Bank’s UK CDO, Søren Rode Jain Andreasen has not really found a chatbot he actually likes.
Tandem Bank is close to securing fresh funding near to £50m, as it makes a management change.
Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strenghts to deliver top interest rates.
Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.