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Latest News - Strategy

Bank of Ghana to migrate all banks payment systems to EMV standard

  • Published: 16 Jan 2017

The Bank of Ghana (BoG) is set to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa (EMV) chip-based cards in 2017.. read more

Wells Fargo net income dips 5.5% in Q4; to close 400 branches

  • Published: 16 Jan 2017

US banking group Wells Fargo has announced plans to shut down 400 branches over the next two years.. read more

Rakuten sets up commercial banking business in Europe

  • Published: 13 Jan 2017

Japanese fintech and e-commerce firm Rakuten has launched commercial banking operations in Europe under the brand name, Rakuten Europe Bank.. read more

Deloitte sets up blockchain lab in New York

  • Published: 13 Jan 2017

Professional services and consulting firm Deloitte has launched a new blockchain research and development lab in New York.. read more

UniCredit’s €13bn rights issue plan receive shareholders nod

  • Published: 13 Jan 2017

Shareholders of Italian banking group UniCredit have given the go-ahead to the bank's €13bn rights issue plan.. read more

Airtel Payments Bank goes live across India

  • Published: 13 Jan 2017

Airtel Payments Bank has launched operations in 29 states across India, offering 7.25% interest on savings accounts.. read more

Token and VirtusaPolaris team to enable banks enhance digital offerings

  • Published: 13 Jan 2017

Token, a crypto-payment network based in Silicon Valley, has entered into a strategic partnership with Indian IT and consulting firm VirtusaPolaris to enable banks to build next generation digital products and services.. read more

ANZ agrees to sell UDC Finance to HNA Group

  • Published: 11 Jan 2017

ANZ has signed an agreement to sell UDC Finance, the asset finance business of its wholly owned subsidiary ANZ Bank New Zealand, to HNA Group.. read more

Citi Retail Services signs financial services agreement with BRP

  • Published: 11 Jan 2017

Citi Retail Services and BRP, a manufacturer of power-sports vehicles, have signed an agreement under which Citi will provide a consumer credit card programme to finance the purchase of BRP's vehicles and other related products and services.. read more

DIFC to launch fintech accelerator in Dubai

  • Published: 10 Jan 2017

Dubai International Financial Centre (DIFC) has announced plans to launch a fintech accelerator in Dubai in association with professional service company Accenture.. read more

Apple Pay to support 17 more financial institutions in US

  • Published: 10 Jan 2017

Apple has extended the support of its mobile payment solution, Apple Pay, to 17 more US firms, including banks, credit unions and card issuers.. read more

UK government cedes top shareholder position in Lloyds to BlackRock

  • Published: 9 Jan 2017

The British government has slashed its stake in Lloyds Banking Group to less than 6%, making US asset manager BlackRock the top shareholder in the bank.. read more

UK digital bank Monese raises $10m to drive expansion in Europe

  • Published: 5 Jan 2017

Monese, a British digital bank founded by Norris Koppel, has raised $10m in funding from several investors to expand its services across Europe.. read more

House of Fraser invests £35m in UK digital bank Tandem

  • Published: 4 Jan 2017

UK-based department store chain House of Fraser has made a £35m investment in Tandem, a digital-only UK retail bank founded by Ricky Knox and Matt Cooper in 2014.. read more

Italian government approves state bailout for Monte dei Paschi

  • Published: 26 Dec 2016

The Italian government has approved a state-bailout for the country’s troubled lender Monte dei Paschi di Siena (MPS).. read more

Masraf Al Rayan, Barwa Bank and IBQ begin initial merger talks

  • Published: 21 Dec 2016

Qatari lenders Masraf Al Rayan, Barwa Bank and International Bank of Qatar (IBQ) have started initial talks for a merger of the three banks.. read more

Fidor teams up with Token for digital payments

  • Published: 21 Dec 2016

German online-only lender Fidor has signed a memorandum of understanding (MOU) with crypto-payment software provider Token to offer digital payment services to third parties.. read more

Lloyds to pay £1.9bn to buy credit card firm MBNA

  • Published: 20 Dec 2016

Lloyds Banking Group has agreed to acquire credit card company MBNA for cash consideration of £1.9bn from Bank of America.. read more

PrivatBank nationalised by Ukrainian government

  • Author: Patrick Brusnahan
  • Published: 19 Dec 2016

The Ukrainian government has acquired 100% of the shares of PrivatBank to place the country’s largest deposit holder under temporary administration.. read more

Commonwealth Bank of Australia offloads remaining stake in Visa

  • Published: 19 Dec 2016

Commonwealth Bank of Australia (CBA) has sold its remaining minority stake in global card network Visa for $439m.. read more

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