Author: admin

Enova International, a leading financial services company powered by machine learning and world-class analytic, has agreed to buy Grasshopper Bancorp –the parent of digital bank Grasshopper Bank – in a strategic transaction combining Enova’s consumer and small business online lending platform with Grasshopper’s digital banking infrastructure.

In a unique transaction involving a fintech acquiring a bank charter, the deal is valued at about $369 million to be paid in a mix of cash and newly issued Enova shares. It is expected to close in the second half of 2026, subject to Grasshopper stockholder and regulatory approvals.

Grasshopper Bancorp, founded in 2019, operates Grasshopper Bank, a full‑service digital bank with more than $1.4 billion in total assets, and approximately $3 billion in total deposits via its direct and Banking‑as‑a‑Service (BaaS) offerings. The company provides digital financial solutions for commercial and consumer customers, including fintech‑focused BaaS and API banking platforms, commercial and SBA lending, and consumer banking services.

The Squire Patton Boggs team acting for Grasshopper was led by Jim Barresi, Alison LaBruyere, Derrick Cephas, and Samantha Caspar.

London, UK — KPMG International announced today that it has achieved the ISO 42001:2023 certification, the world’s first international standard for AI Management Systems. KPMG International is the first of the Big Four’s international entities to receive this accolade, underscoring the firm’s global leadership in responsible, ethical, and trustworthy AI. This achievement builds on the momentum of ISO 42001 certifications already earned by KPMG member firms in Australia, Spain, India, and the USA. 

ISO 42001, developed by the International Organization for Standardization, provides a comprehensive framework for the design, development, and use of AI systems. The standard requires a robust system of controls to ensure accountability and trust while mitigating risk in AI deployment.