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The US retained its position as the world’s largest fintech market, attracting $25.1 billion in investment.
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London-based buy now, pay later unicorn Zilch is targeting international expansion after securing a European banking licence through the acquisition of Lithuania's Fjord Bank.
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UK digital compliance and anti-money laundering specialist SmartSearch has acquired identity verification outfit Credas Technologies. Financial terms of the deal were not disclosed.
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Bunq, Europe’s second-largest neobank, has formally filed for a US de novo banking licence with the OCC.
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Banks across Europe currently employ around 2.12 million people. A 10% reduction, as forecast by Morgan Stanley, would mean roughly 212,000 jobs lost.
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