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Latest News - Strategy

Mobile-only service Tide launches in UK

  • Published: 3 Feb 2017

Tide, a mobile-only banking service for small businesses founded by ex-RBS/Worldpay head of innovation George Bevis, has launched in the UK.. read more

Diebold Nixdorf sets up direct presence in Myanmar

  • Published: 3 Feb 2017

Diebold Nixdorf, the entity formed following the recently concluded acquisition of German ATM manufacturer Wincor Nixdorf by American rival Diebold, has opened an office in Yangon, Myanmar.. read more

Fidor joins forces with EPAM Systems to drive innovation

  • Published: 1 Feb 2017

Fidor, the German digital banking solutions provider behind Fidor Bank, has signed a partnership with US-based technology provider EPAM Systems to extend its footprint in strategic regions.. read more

Citigroup to exit US mortgage-servicing business

  • Published: 31 Jan 2017

Citigroup is set to exit its US mortgage-servicing business by the end of 2018 and instead focus on originations in order to improve returns on capital and reduce costs.. read more

BNP Paribas Securities Services takes stake in fintech startup Fortia

  • Published: 31 Jan 2017

BNP Paribas Securities Services has acquired a minority stake in Fortia Financial Solutions, a fintech startup that focuses on artificial intelligence, machine learning and business process monitoring to help firms meet compliance needs.. read more

Online lender Spotcap expands into New Zealand; partners with Heartland Bank

  • Published: 31 Jan 2017

Spotcap, a Germany-based online lender for small and medium-sized enterprises (SMEs), has launched operations in Auckland, New Zealand.. read more

Yorkshire Building Society to trim branch network

  • Published: 27 Jan 2017

Yorkshire Building Society Group has unveiled plans to shed 48 branches in response to increasing adoption of digital banking channels by customers.. read more

Ant Financial agrees to acquire MoneyGram for $880m

  • Published: 27 Jan 2017

Ant Financial, the digital payments arm of e-commerce giant Alibaba, has reached an agreement to acquire US-based money transfer services provider MoneyGram, in a cash transaction valued at $880m.. read more

HSBC to shut down 117 branches

  • Published: 25 Jan 2017

British banking group HSBC is set to shut down 117 branches and shed 380 jobs in the UK in 2017 in response to increasing adoption of digital banking channels by customers.. read more

Fifth Third Bank joins forces with QED Investors for fintech innovation

  • Published: 25 Jan 2017

Fifth Third Bank has teamed up with venture capital (VC) firm QED Investors to support innovation in the fintech space.. read more

Westpac ups stake in cybersecurity firm QuintessenceLabs

  • Published: 24 Jan 2017

Australian banking group Westpac has increased its stake to 16% in Canberra-based quantum cybersecurity firm QuintessenceLabs.. read more

Al Rajhi Bank taps Diebold Nixdorf’s biometric technology for debit card issuance

  • Published: 23 Jan 2017

Saudi Arabia-based Al Rajhi Bank has forged a partnership with Diebold Nixdorf to develop a biometric-enabled self-service solution, enabling debit card printing through biometric authentication at self-service terminals.. read more

TSYS renews payments services agreement with BBVA Compass

  • Published: 20 Jan 2017

US-based credit card processor TSYS has inked a long-term renewal of its payments services agreement with BBVA Compass to continue processing the bank’s consumer, commercial and small business credit card portfolios.. read more

Clydesdale and Yorkshire Bank to shutter 79 branches

  • Published: 19 Jan 2017

The Clydesdale and Yorkshire banking group (CYBG) is shutting down a total of 79 branches, putting at risk jobs of 400 employees.. read more

UnionPay partners with CIBC for cross-border remittance service in Canada

  • Published: 19 Jan 2017

UnionPay International in partnership with Canadian Imperial Bank of Commerce (CIBC) has introduced UnionPay cross-border remittance service in Canada.. read more

Webster Bank to shrink branch network

  • Published: 18 Jan 2017

Webster Bank will shut down eight branches across four US states as more customers adopt electronic banking channels.. read more

Russian central bank sets up fintech association

  • Published: 18 Jan 2017

Bank of Russia has created a new fintech association that will focus on promoting the development of blockchain technology in the country.. read more

Major EU banks collaborate on blockchain platform for SMEs

  • Published: 18 Jan 2017

Seven European banks have signed a memorandum of understanding (MoU) to develop a blockchain-based shared platform to support domestic and cross-border trade for SMEs.. read more

Cardtronics, Citibank collaborate to offer surcharge-free ATMs in Walgreens stores

  • Published: 18 Jan 2017

Cardtronics has joined hands with Citibank and Walgreens to bring Citi-branded ATMs inside Walgreens stores across the US.. read more

Celebrating the best of the best: nominations open for 2017 RBI Global Awards sponsored by Fiserv

  • Author: Douglas Blakey
  • Published: 16 Jan 2017

The Retail Banker International Global Awards, now in their 32nd year, celebrate the best in global retail banking, with winners to be announced at the Awards Dinner at The Waldorf Astoria, London on 11 May 2017.. read more

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