Finastra’s Treasury and Capital Markets (TCM) unit reportedly may be offered for sale. Private equity firm Vista Equity Partners is working with global investment bank Evercore to sell the TCM unit, though Vista is still considering whether to do so, Bloomberg reported Wednesday (Sept. 18),...
The business-to-business (B2B) landscape is undergoing an explosion of innovation — especially around payments. Wednesday (Sept. 18) alone, news broke that Brex launched an embedded B2B payments solution that complements the company’s corporate card and spend management platform for startups and enterprises; while Capchase and Stripe partnered to...
Deutsche Bank will close a “mid-double-digit number” of smaller branches in Germany while adding new formats and technologies. The bank will negotiate the changes in the branch network with the Works Council and will continue to have a nationwide branch network in Germany, Deutsche Bank...
Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank said in separate press releases issued Wednesday (Sept. 18) that they will lower their prime lending rate from 8.5% to...
The chief of Germany’s central bank wants bank mergers to produce robust, competitive institutions. “We need strong and robust banks so that companies can tackle and finance their future tasks,” Bundesbank chief Joachim Nagel said while addressing a Commerzbank event in Frankfurt on Wednesday (Sept....
Some of the world’s biggest banks and payments firms are teaming to rethink cross-border payments. As Bloomberg News reported Wednesday (Sept. 18), the Bank for International Settlements (BIS) has recruited the likes of JPMorgan Chase, Deutsche Bank, UBS, Visa and Mastercard for its Agora project. That project, first announced in May, explores the development of...
Data breaches are like opinions — these days, it seems like everyone has one. But that’s not great news for the business landscape, particularly as critical infrastructure providers are increasingly targeted by bad actors. And with the news Tuesday (Sept. 17) that the Federal Communications...
Brex has launched an embedded payments solution designed to make it easy for B2B software vendors to accelerate customer workflows with Brex virtual cards. The new Brex Embedded payments solution complements the company’s corporate card and spend management platform for startups and enterprises, Brex said...
The two biggest dollar store chains in the United States plan to open hundreds of locations despite cooling sales. Dollar Tree and Dollar General aim to open more than 1,300 new stores during this fiscal year, The Wall Street Journal reported Wednesday (Sept. 18). While...
