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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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BNP Paribas' €5.1 billion alternative asset bet (TWIF 8/4)

BNP Paribas' €5.1 billion alternative asset bet (TWIF 8/4)
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Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)


📺
Sponsored Content

TransPecos Banks To Drive $3M+ in Cost Savings By Adopting Oscilar's AI-Powered AML Risk Platform for BaaS Compliance

TransPecos Banks is transforming its fintech compliance with Oscilar's AI-Powered AML Risk Platform, projecting over $3M in annual cost savings. This partnership enables TransPecos to scale its BaaS offerings securely, with a 40% reduction in AML operations costs and an 80% decrease in SAR management time. Read the full announcement to learn how this collaboration is redefining BaaS compliance.

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📖 Reads of the Week
Payment Schemes vs Payment Rails
What are they and what do they do?
Memecoins: something more than speculation? - Fintech Ruminations
The most successful narrative in the crypto space in 2024 is with very little doubt the one about memecoins (source: Dune dashboard by @cryptokoryo_research). Memecoins’ performance has clearly outpaced RWAs and L2s narratives, achieving an aggregated market cap of almost $50B (as of July 30, 2024), with an all-time high of almost $70B. This number […]
Bitcoin as a tool of U.S. economic statecraft
Riot Platform’s Rockdale, Texas facility, North America’s largest Bitcoin mining farm by developed capacity [ source ] Can a network that ha…

☯️ Exits
🤝 M&A - Fintech
  • Summer, a startup offering student loan repayment and college savings programs to employers, acquired its competitor Vault Student Loan Benefits in an all-cash deal.
  • As part of its expansion into Turkey, Egyptian neobank MNT-Halan acquired Tam Finans, a Turkish commercial finance company with a loan book of $300 million, from private equity firm Actera Group.
  • Pagaya, an AI based lending system developer, will acquire Theorum, an institutional asset manager focused on the consumer credit space.
  • ThetaRay, a provider of AI-powered financial crime detection tech, acquired European screening company Screena.
  • Private equity firm Ardian sold off its stake in F2A, an HR, payroll, finance, and accounting software provider.
  • PureFacts, a software provider of wealth management, asset management and asset servicing, conducted a majority buyout of GrowthCurve Capital.

🏦 M&A - Bank and FinServ
  • French bank BNP Paribas announced that it will continue its push into alternative assets trough its €5.1 billion purchase of Axa SA’s asset management unit to create one of Europe’s largest money managers, with €1.5 trillion in assets.
  • UK bank NatWest will acquire Metro Bank’s £2.4 billion mortgage portfolio. Meanwhile, the UK government has decided that it won't sell off its £6 billion stake in NatWest (about 20% of the bank) to the public.
  • Software private equity firm Thoma Bravo is looking to sell off as much as $2.74 billion for about half of its shares in Nasdaq.
  • Private equity firm Arctos Partners agreed to buy a majority stake in alternatives firm Hayfin Capital Management, which manages €31 billion, from British Columbia Investment Management. Price was not disclosed.
  • AXA Investment Managers will acquire a minority stake in Rivage Investment, a specialist private credit firm focused on infrastructure debt with €7.7 billion under management.
  • Sequoia acquired Karpas Strategies, an independent investment manager serving ultra-high-net-worth families.

📺
Sponsored Content

TransPecos Banks To Drive $3M+ in Cost Savings By Adopting Oscilar's AI-Powered AML Risk Platform for BaaS Compliance

TransPecos Banks is transforming its fintech compliance with Oscilar's AI-Powered AML Risk Platform, projecting over $3M in annual cost savings. This partnership enables TransPecos to scale its BaaS offerings securely, with a 40% reduction in AML operations costs and an 80% decrease in SAR management time. Read the full announcement to learn how this collaboration is redefining BaaS compliance.

Want to sponsor a newsletter? See our sponsorship information here.


📚 Deeper Reads & Features

Brex CEO says monthly cash burn below $10M

Rappi says “no” to Fintech Law; CNBV asks for exit plan

The CFPB Weighs in on EWA and the Definition of “Credit”

Bankers think AI is an anti-fraud lifeline. They're gravely mistaken.

ETFs are eating the bond market

Ryan Rosett, Co-CEO and Founder of Credibly, on using Generative AI for underwriting small business loans

Five lessons for partner banks from the Synapse bankruptcy

French Hill on Crypto Reg, Housing Reform, SVB Lessons, and Bank Consolidation

How personal growth and skill development can influence fintech CEOs’ leadership styles

AI-Driven Banking Transformation

Colorado deputies remove 600-pound ‘meandering’ moose from resident’s yard


Have a news item for us? Reach out to news@thisweekinfintech.com