Circle is teaming with Finastra to help banks integrate stablecoin settlement into cross-border payment flows. The partnership, announced Wednesday (Aug. 27), will use Finastra’s payment hub solutions to connect financial institutions to Circle’s payment infrastructure, allowing for settlement in Circle’s USDC stablecoin, even when payment...
The merger between Capital One and Discover Financial put a dent in bank profits. Second-quarter data released Tuesday (Aug. 26) by the Federal Deposit Insurance Corp. showed $69.9 billion in profits for the banking sector, down 1% from the previous quarter. “The increase in provision...
Latin American delivery/financial services app Rappi has launched a partnership with global wallet platform AstroPay. The collaboration, announced in a news release Tuesday (Aug. 26), is being billed as the region’s first wallet-on-file integration, letting users in Argentina, Brazil and Peru pay across currencies, with...
Thread Bank picked Fiserv’s Finxact as its core banking platform, according to a Tuesday (Aug. 26) news release. “As the embedded banking market continues to evolve, Thread sought a modern, real-time core that could offer the bank a homogeneous solution that will allow further scalability...
Software investment firm Thoma Bravo plans to expand its artificial intelligence-powered customer experience (CX) offering by acquiring CX automation firm Verint Systems. The company agreed to buy Verint in an all-cash transaction reflecting an enterprise value of $2 billion, according to a Monday (Aug. 25)...
Foot Locker shareholders voted to approve the footwear and apparel retailer’s acquisition by Dick’s Sporting Goods, which was announced in May. Shareholders voted at a special meeting held Friday (Aug. 22) and approved the deal with 99% of the votes cast, representing 70% of all outstanding shares,...
Data analytics firm Databricks is acquiring machine learning startup Tecton. The goal is to help Databricks expand its artificial intelligence (AI) agent offerings, CEO Ali Ghodsi said in an interview with Reuters on Friday (Aug. 22). Terms of the deal were not disclosed, the report...
The Workday Wellness employee benefits platform will integrate the Chime Workplace suite of financial wellness solutions, enabling employers to offer additional benefits. The integration is part of a new partnership between human resources (HR) and finance provider Workday and consumer FinTech company Chime, the firms...
Policy, claims, risk and analytics platform Klear.ai is teaming with payment automation provider Carepay. This partnership is designed to embed Carepay’s insurance-industry focused digital disbursement technology into Klear.ai’s claims solution, letting organizations issue payments via ACH/EFT, virtual card, or check without switching systems, the companies...