Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater than $40 billion as it works to sell about $500 million worth of employee shares...
England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a £325 million capital raise, comprising £150 million ($183 million) of new equity and £175 million ($213 million) in new MREL...
Financial messaging system Swift has chosen a new leader for its board. Graeme Munro, a 30-year veteran of J.P. Morgan Chase, has been elected non-executive chair of the Swift board of directors, the company said in a Thursday (March 30) news release. Meanwhile, Samantha Emery...
Lloyds Banking Group is supporting Yoti in developing a reusable digital identity solution. The support includes a £10 million (about $12 million) investment in the United Kingdom-based digital identity company. The new product is scheduled to be launched later this year, Yoti said in a Thursday (March 9)...
August 05, 2024
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news release. “Rohit’s appointment is a significant boost for the strategic […]
June 21, 2024
Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater...
October 08, 2023
England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a £325 million capital raise, comprising...
March 30, 2023
Financial messaging system Swift has chosen a new leader for its board. Graeme Munro, a 30-year veteran of J.P. Morgan Chase, has been elected non-executive chair of the Swift board...
