The parent companies of Connecticut’s Ion Bank and New Jersey’s Lincoln 1st Bank announced Friday (July 1) that they have completed their previously announced merger. Lincoln 1st Bank has been merged into Ion Bank, while Lincoln Park Bancorp, MHC will dissolve as a result of...
In this week’s EMEA neobank news, the U.K is set to get two new neobanks as both Ashman and Kroo are granted licenses. Ashman has been issued a banking license “with restrictions” by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). It...
Securities and Exchange Commission (SEC) Chairman Gary Gensler’s ongoing regulatory campaign against the cryptocurrency industry he calls “the Wild West of finance” may have just run into trouble at the Supreme Court. While the 6-3 ruling was on a case involving the Environmental Protection Agency’s...
Payments firm Magnati announced Friday (July 1) the launch of what may be the first metaverse shopping experience in the Middle East. The company is calling its new platform “Magnati-MetaV,” saying it will offer eCommerce in “a new and immersive way.” The new platform aims...
Two days after replacing its CEO amid plummeting sales, Bed Bath & Beyond is seeking a buyer for its Buybuy Baby business. As the Wall Street Journal reported Friday (July 1), the company had around $100 million in cash at the end of May after...
TikTok is testing a feed set apart for shopping in a bid to increase revenues for the company’s corporate parent, ByteDance, according to a TechCrunch report. The social media giant has created a dedicated “Shop” tab for users in Indonesia, Vietnam, Singapore and the United...
Airtel Africa, a multinational company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central and West Africa, officially launched Smartcash Payment Service Bank Friday (July 1). Smartcash will operate as a wholly-owned subsidiary of Airtel, providing financial services...
Implementing multiple payment gateways is a tall order for merchants and other companies as it requires dedicated information technology (IT) and payments staff at great expense. Instead, many businesses are turning to third-party payments orchestration providers that remove the burden of payment gateway implementation, according...
Dutch payment service provider Mollie’s services will be integrated into German enterprise resources planning platform provider xentral’s offerings under a collaboration launched today and effective immediately, the companies announced. The arrangement is aimed at providing small- and medium-sized eCommerce businesses “smoother” payment and order-management services,...
