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Tuesday, March 2, 2021
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Tag: banking

Deutsche Bank and UniCredit job cuts push global bank-job cull to 75,000 this year

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 announces first European Cyber Resilience Centre!

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.

Monzo is hiring! And relaunching paid accounts

British digital bank Monzo is a fast-growing business, so it plans to hire up to 500 people and forecasts it will get 5.5 million users this year.

A new unicorn in Boston? Flywire secures $120 Million in Series E and a Unicorn status

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.

Klarna strikes again, buys Italian Moneymour

Klarna has acquired the Italian ‘pay now, buy later’ start-up Moneymour and established a new hub in Milan, from which Moneymour origins.

FinovateEurope: Danske Bank’s Søren R. J. Andreasen vs. chatbots!

Danske Bank’s UK CDO, Søren Rode Jain Andreasen has not really found a chatbot he actually likes.

Tandem Bank CTO steps down as it anticipates fresh £50m funding round

Tandem Bank is close to securing fresh funding near to £50m, as it makes a management change.

Mastercard in China? $27 Trillion market awaits!

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market.

A Starbucks bank? Korean banks are concerned

A growing number of Korean banking groups are being concerned with Starbucks.

Financial marketplace for immigrants? Rewire.

In Tel Aviv, a neobank built specifically for migrants was founded.
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N26 and Raisin partner on EasyFlex savings accounts

Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strenghts to deliver top interest rates.

Starling Bank aims to hold 18% of the SME market

The digital bank Starling announced a plan in which it is going to hold 18% of the SME banking market in five years, Insider reported.

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.

Revolut about to increase fees and cut number of free trades

Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.