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Latest News - Strategy

First Trust Bank to downsize branch network

  • Published: 24 Feb 2017

First Trust Bank, part of the AIB Group, is set to shutter 15 branches across the north of Ireland in 2017 in response to customers’ increasing adoption of digital banking services.. read more

BBVA raises stake in Turkish bank Garanti

  • Published: 24 Feb 2017

Spanish banking group BBVA has acquired an additional 9.95% stake in Turkey’s Garanti Bank from Dogus Holding in an €859m deal.. read more

UK digital lender Monzo raises further £19.5m to support growth

  • Published: 24 Feb 2017

Monzo, a mobile-only bank based in the UK, has raised an additional £19.5m from a range of investors.. read more

Whitney Bank receives regulatory nod for acquisition of nine First NBC Bank branches

  • Published: 22 Feb 2017

Whitney Bank, the banking subsidiary of Hancock Holding Company, has obtained regulatory approval to acquire nine branches and about $1.3bn in loans from First NBC Bank, a banking unit of First NBC Bank Holding Company.. read more

Grameen America, Citi and MasterCard to unveil digital finance platform

  • Published: 22 Feb 2017

Grameen America, a microfinance organisation, has partnered with Citi and MasterCard to roll out a range of fintech solutions to promote digital financial access and inclusion for over 86,000 low-income women entrepreneurs across the US.. read more

TSYS, International Bank of Qatar ink payments agreement

  • Published: 22 Feb 2017

TSYS, a US-based credit card processor, has inked a licensing agreement with International Bank of Qatar (ibq) whereby the bank will leverage TSYS' PRIME payment solutions platform.. read more

RBS to abandon Williams & Glyn spin-off

  • Published: 21 Feb 2017

Royal Bank of Scotland (RBS) has announced that it could scrap the sale of Williams & Glyn (W&G) division after an agreement was reached between the HM Treasury and the European Commission (EC).. read more

Ant Financial to invest $200m in South Korea’s Kakao Pay

  • Published: 21 Feb 2017

Ant Financial, the payment affiliate of Chinese e-commerce giant Alibaba Group, will invest $200m in Kakao Pay, the mobile finance subsidiary of South Korean messaging platform Kakao.. read more

ADGM, Central Bank of Jordan sign accord to improve banking & financial supervision

  • Published: 21 Feb 2017

Abu Dhabi Global Market (ADGM) and the Central Bank of Jordan (CBJ) have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in their financial markets.. read more

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

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

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

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

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