Visa and United Kingdom-based bank Barclays expanded their six-decade partnership. The new agreement spans issuing and acquiring across Barclays’ retail, corporate, business, United States and private bank businesses, according to a Wednesday (Oct. 29) press release. Visa will continue to support Barclays issued card credentials...
Nvidia is investing $1 billion in Nokia through a partnership with the Finnish tech company. The partnership, announced Tuesday (Oct. 28), involves the addition of Nvidia-powered, commercial grade artificial intelligence radio access network (AI-RAN) products into Nokia’s RAN portfolio. This will allow communication service providers to...
OpenAI has completed its restructuring, pushing longtime benefactor Microsoft’s valuation north of $4 trillion. The artificial intelligence (AI) startup announced Tuesday (Oct. 28) that it had transformed its for-profit arm into a public benefit corporation. The new arrangement gives Microsoft a 27% stake — worth...
Grubhub customers will soon be able to order goods from Instacart’s network of grocery stores and pharmacies within the Grubhub app or website. This capability will be enabled by a new partnership between the two companies, in which Instacart has become Grubhub’s grocery delivery partner,...
Barclays’ consumer banking unit in the United States is set to acquire personal loan platform Best Egg. The $800 million deal between Barclays U.S. Consumer Bank (USCB) and the startup is set to be completed next year in the second quarter, according to a Tuesday...
Global payments processor Thredd said Monday (Oct. 27) that it has entered the credit space and has integrated LoanPro’s composable credit infrastructure to underpin its new offerings. Thredd’s credit solutions for FinTechs and financial organizations are part of the company’s strategy to provide full-stack embedded...
Global data and technology company Experian has acquired regulatory technology provider KYC360 in the United Kingdom and Ireland. KYC360’s customer lifecycle management solutions, which support know your customer (KYC) and know your business (KYB) processes, will be fully integrated into Experian’s data, analytics, and credit...
Ohio’s Huntington Bancshares is reportedly acquiring Cadence Bank for $7.4 billion. That’s according to a report Monday (Oct. 27) by the Wall Street Journal (WSJ), which calls the all-stock deal the latest indication that such acquisitions are once again an option for banks facing pressure in a highly segmented sector. The...
Multinational payments technology company Juspay has integrated Mastercard’s Click to Pay in Brazil and will offer merchants a plug-and-play integration. With the addition of Click to Pay to Juspay’s platform, merchants can enable faster checkout with tokenized card credentials, biometric authentication that shifts fraud liability...