1. Bank of Sydney upgrades digital banking
The Bank of Sydney partners with Infosys Finacle to enhance its digital banking platform, aiming for improved customer experience and operational efficiency. Source
2. Airwallex valuation reaches $6.2B
Airwallex secures $300 million in Series F funding, raising its valuation to $6.2 billion, as it expands its global payment solutions. Source
3. Visa streamlines fintech integrations
Visa launches the Commercial Integrated Partners program to enhance collaboration with fintechs, offering pre-integrated digital payment solutions for businesses. Source
4. PNC acquires broker-dealer Aqueduct
PNC Bank announces the acquisition of Aqueduct Capital Group to enhance its capital advisory capabilities for private equity and credit markets. Source
5. Catena Labs emerges with AI-native plans
Catena Labs, co-founded by Sean Neville, announces an $18 million seed round to build the first AI-native financial institution, targeting the AI economy. Source
6. Cetus DEX suffers $200M exploit
The Cetus decentralized exchange on Sui blockchain reports a $200 million exploit, prompting urgent security measures from the team. Source
7. Sui validators freeze stolen funds
Sui validators successfully freeze the majority of funds stolen in the recent Cetus hack, totaling $220 million, to mitigate further losses. Source
8. BT Group raises dividend despite revenue drop
BT Group increases its dividend by 25% as free cash flow rises, despite reporting a decline in revenue. Source
9. Telefónica sells Uruguay unit to Millicom
Telefónica offloads its Uruguay mobile unit to Millicom for $440 million, enhancing Millicom’s regional presence and service offerings. Source
10. Nokia partners with Three Sweden
Nokia teams up with Three Sweden to provide Fixed Wireless Access technology, aiming to improve broadband services in underserved areas. Source
11. OpenAI acquires Jony Ive’s startup
OpenAI announces the acquisition of Jony Ive’s design startup for $6.5 billion, enhancing its focus on creating innovative AI devices. Source
12. LINX appoints Patrick Mbogo
LINX appoints Patrick Mbogo as Business Development Executive to drive expansion efforts in Africa, enhancing connectivity initiatives. Source
13. Intel launches new processors
Intel introduces three new Granite Rapids Xeon 6 P-Core processors, aimed at improving performance for data centers and enterprise applications. Source
14. Trump supports spectrum connectivity push
Former President Trump declares his intent to free up spectrum for connectivity initiatives, aiming to bolster broadband access across the U.S. Source
15. AT&T to acquire Lumen’s fiber business
AT&T announces plans to acquire Lumen’s consumer fiber business in a $5.75 billion deal, enhancing its broadband service capabilities. Source
16. MasOrange secures $11B in funding
MasOrange successfully raises $11 billion to support its FiberCo launch and refinance existing debt, strengthening its market position. Source
17. Huawei uses 5G for mining trucks
Huawei showcases its 5G technology to control autonomous electric mining trucks in China, enhancing operational efficiency in the mining sector. Source
