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Ant Financial invests in Filipino fintech firm Mynt

  • Published: 20 Feb 2017

Ant Financial, an affiliate of e-commerce giant Alibaba that operates Alipay, and Filipino conglomerate Ayala have taken stakes in Filipino fintech firm Mynt for an undisclosed amount.. read more

China’s HNA acquires 3% stake in Deutsche Bank

  • Published: 20 Feb 2017

Chinese conglomerate HNA Group has acquired a 3.04% stake in German banking giant Deutsche Bank.. read more

KBA launches real-time direct P2P mobile payment service in Kenya

  • Published: 20 Feb 2017

Kenya Bankers Association (KBA) has launched a new digital payments platform called PesaLink in collaboration with the Central Bank of Kenya (CBK).. read more

MasterCard to offer payment processing platform to Airtel Payments Bank

  • Published: 17 Feb 2017

MasterCard has reached an agreement with Airtel Payments Bank to offer a complete outsourced payments processing platform that delivers a number of payment services including switching, card management, along with support for reconciliation and dispute management processes.. read more

CIBC FirstCaribbean to issue contactless cards

  • Published: 16 Feb 2017

CIBC FirstCaribbean International Bank has decided to issue chip and PIN, and contactless debit as well as credit cards for its Visa cardholders.. read more

MAS establishes data analytics group

  • Published: 15 Feb 2017

The Monetary Authority of Singapore (MAS) has established a new data analytics group (DAG) to improve its supervision of financial institutions.. read more

Bank of Ceylon partners with MasterCard to facilitate faster payments in Sri Lanka

  • Published: 14 Feb 2017

Bank of Ceylon (BoC) has partnered with MasterCard to bring faster payment innovation to Sri Lanka.. read more

ADGM and Central Bank of Bahrain strengthen regulatory cooperation

  • Published: 14 Feb 2017

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Central Bank of Bahrain (CBB), have inked a memorandum of understanding (MoU) to strengthen regulatory cooperation for the supervision of financial institutions.. read more

Norway’s DNB spins off Vipps mobile payment operations

  • Published: 13 Feb 2017

Norwegian financial services group DNB has spun off its Vipps mobile payment service in an effort to block competition from rival platforms.. read more

Co-operative Bank puts itself up for sale to strengthen capital position

  • Published: 13 Feb 2017

Britain's Co-operative Bank, which narrowly avoided collapse in 2013, has put itself up for sale in a bid to raise capital and meet regulatory requirements.. read more

TSB to trim branch network

  • Published: 9 Feb 2017

UK-based lender TSB has announced plans to shut down 29 branches in response to increasing adoption of digital banking channels by customers.. read more

BNP Paribas to invest €3bn in digital transformation

  • Published: 8 Feb 2017

French banking major BNP Paribas has announced plans to invest €3bn in digital initiatives in the next three years.. read more

Neo-bank Moven launches in UK

  • Published: 8 Feb 2017

Moven, a US-based mobile banking venture, has expanded into Europe by launching its app in the UK.. read more

Fosun raises stake in Portuguese lender BCP to 24%

  • Published: 8 Feb 2017

Chinese conglomerate Fosun has increased its stake in Portuguese lender Banco Comercial Portugues (BCP) to 23.92% as a result of the lender's €1.33bn rights issue.. read more

Santander Consumer Bank, Worldline expand payment services partnership

  • Published: 7 Feb 2017

Worldline, through its equensWorldline subsidiary that specialises in financial processing, and the Santander Consumer Bank in Poland, have expanded their partnership for a new service.. read more

Ujjivan Financial Services begins operations as small finance bank

  • Published: 7 Feb 2017

Indian microfinance firm Ujjivan Financial Services has started small finance banking operations by launching five pilot branches in the Indian state of Bengaluru, Karnataka.. read more

UniCredit agrees 3,900 job cuts with Italian trade unions

  • Published: 7 Feb 2017

Italian banking group UniCredit has inked an agreement with Italian trade unions to axe 3,900 local jobs as part of a business plan by new CEO Jean Pierre Mustier to strengthen the bank’s capital.. read more

ABN Amro to axe 60% of senior management roles

  • Published: 6 Feb 2017

Dutch banking major ABN Amro plans to shed 60 of its 100 senior management roles as part of a management restructure.. read more

Wells Fargo, Intuit ink data sharing agreement

  • Published: 6 Feb 2017

Wells Fargo has signed a data-exchange agreement with Intuit, allowing its customers using financial management tools such as QuickBooks to tap into an application-programming interface (API) when importing account information.. read more

Emirates NBD launches new digital banking service

  • Published: 3 Feb 2017

Emirates NBD has launched a new digital bank, known as Liv., aimed at millennial customers.. read more

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