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Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Hey Digital Banking Fanatic! Finovifi is expanding its footprint in community banking with the acquisition of Modern Banking Systems (MBS) and its Alabama-based distribution partner, MBSAL. The deal, announced without financial details, brings MBS’s real-time core banking software into Finovifi’s portfolio, which already includes AI-driven fraud prevention and

UniCredit Acquires Aion Bank & Vodeno to Fuel Expansion

UniCredit Acquires Aion Bank & Vodeno to Fuel Expansion

Hey Digital Banking Fanatic! The trend has not gone unnoticed; legacy banks are becoming increasingly digital. Now it’s UniCredit’s turn: UniCredit has completed the awaited €376 million acquisition of Aion Bank and Vodeno, a move announced back in July 2024. This deal is part of the bank’s

OakNorth Secures Top 1% Rank in ROA

OakNorth Secures Top 1% Rank in ROA

Hey Digital Banking Fanatic! OakNorth made an early impact, securing £154 million in funding and reaching unicorn status just 2 years after launch. A decade later, it continues to expand its role in the SME lending landscape. The company’s latest financial results report a pre-tax profit of £215 million,

Revolut’s Next Frontier: Singapore & Asia

Revolut’s Next Frontier: Singapore & Asia

Hey Digital Banking Fanatic! After recent developments in the European and the American continents, Revolut is now turning its attention to a third continent: Asia. In Singapore, the company is aiming for a banking license and exploring a partnership with Alipay to streamline transfers to China. Raymond Ng, CEO of

myTU’s €10M Push to Break Even

myTU’s €10M Push to Break Even

Hey Digital Banking Fanatic! Not every FinTech follows the VC playbook. myTU, a Lithuania-based digital bank launched in 2019, has taken a different route—focused on sustainable growth over external funding. After raising €6M in its early years, myTU has now secured an additional €10M in an oversubscribed Series A

Venn Rebrands & Raises $21.5M

Venn Rebrands & Raises $21.5M

Hey Digital Banking Fanatic! Vault is no more—meet Venn. The Canadian FinTech has officially rebranded and secured $21.5 million in Series A funding to fuel its next stage of growth. Led by Left Lane Capital, with backing from XYZ Venture Capital, Intact Ventures, and Gradient, the round builds

Revolut Doubles Down on Brazil

Revolut Doubles Down on Brazil

Hey Digital Banking Fanatic! Revolut is doubling down on Brazil. After a quiet launch in 2023, the company initially expected to attract a high-income, older demographic. Instead, its customer base skews younger, with over 75% between 18 and 44. This prompted Revolut to expand beyond its original niche of multi-currency