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Latest News - Strategy

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

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

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

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

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

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

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

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

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

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

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

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

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

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