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Fosun acquires 16.7% stake in Portuguese lender BCP

  • Published: 22 Nov 2016

Chinese conglomerate Fosun has acquired a 16.7% stake in Portuguese bank Banco Comercial Portugues (BCP) for total consideration of €174.6m ($185.5m).. read more

Earthport to provide outbound cross-border payment services for Axis Bank

  • Published: 22 Nov 2016

Earthport has been selected by Axis Bank, an Indian private sector lender, to enable outbound cross-border payments for its clients through the former's global payments network.. read more

Credit Suisse’s new Swiss entity starts operations

  • Published: 22 Nov 2016

Credit Suisse’ new Swiss legal entity Credit Suisse (Schweiz) AG has commenced operations ahead of stock market flotation by the end of 2017.. read more

Standard Chartered migrates Nairobi shared service centre operations to India

  • Published: 18 Nov 2016

Standard Chartered Bank Kenya has migrated its shared service centre operations in Nairobi to India, putting at risk jobs of 300 employees.. read more

P2P lender Zopa to launch new digital bank

  • Published: 18 Nov 2016

Zopa, a UK-based peer-to-peer (P2P) lender, has announced plans to launch an online-only bank.. read more

Dutch state to sell 7% stake in ABN Amro; bank to shed 1,500 jobs

  • Published: 17 Nov 2016

The Dutch government has agreed to sell a 7% stake in ABN Amro through an accelerated bookbuilding process.. read more

MAS collaborates with R3 and financial institutions in trial project on blockchain

  • Published: 17 Nov 2016

The Monetary Authority of Singapore (MAS) has joined forces with blockchain technology firm R3 and a consortium of financial institutions on a proof-of-concept project to make blockchain-based inter-bank payments.. read more

MasterCard, Ratnakar Bank to introduce QR code payments in India

  • Published: 17 Nov 2016

MasterCard in collaboration with Ratnakar Bank is set to roll out the Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution in India.. read more

Monitise signs up multiple partners to form new FINKit Partner Programme

  • Author: Douglas Blakey
  • Published: 16 Nov 2016

It has been some time coming but worth the wait: Monitise’s FINKit has hit the ground running by forming a Partner Programme with founding partners MasterCard, BehavioSec, Currencycloud, Envestnet, Yodlee, Experian, fastacash, FICO, HID, iGeolise, LivePerson, MYPINPAD, Syniverse, and WorldFirst.. read more

Kotak Mahindra Bank receives RBI nod to set up branch in Dubai

  • Published: 15 Nov 2016

Indian private sector lender Kotak Mahindra Bank has secured approval from the Reserve Bank of India (RBI) to open its first international branch in Dubai, UAE.. read more

South Korean government offloads 29.7% stake in Woori Bank

  • Published: 14 Nov 2016

The government of South Korea has agreed to sell its 29.7% stake in local lender Woori Bank to multiple investors.. read more

Barclays divests Barclaycard Southern European card business

  • Published: 14 Nov 2016

Barclays has closed the sale of its Barclaycard consumer payments business in Portugal and Spain to WiZink Bank.. read more

Denmark unveils own fintech hub

  • Published: 11 Nov 2016

Denmark has opened its own fintech hub, Copenhagen FinTech, in collaboration with the Financial Services Union of Denmark, the City of Copenhagen and the Danish Bankers Association.. read more

Lloyds to shed 520 jobs and close 49 branches

  • Published: 10 Nov 2016

Lloyds Banking Group is set to shut down 49 branches and axe a further 665 jobs in a bid to cut costs and boost profitability.. read more

R3 partners with MAS to launch blockchain lab in Singapore

  • Published: 9 Nov 2016

Distributed ledger technology firm R3 has partnered with the Monetary Authority of Singapore (MAS) to launch a new lab devoted to the emerging technology.. read more

Tesco Bank hit by cyber attack

  • Published: 8 Nov 2016

Tesco Bank, owned by Britain's biggest retailer Tesco, has frozen accounts after an online heist that resulted in cash being stolen from 20,000 accounts.. read more

Online lender Spotcap launches operations in UK

  • Published: 8 Nov 2016

Spotcap, a Germany-based online lender for small and medium-sized enterprises (SMEs), has expanded into the UK market.. read more

eCurrency Mint, BRM partner to launch digital currency in West Africa

  • Published: 7 Nov 2016

eCurrency Mint has collaborated with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU).. read more

Deutsche Bank receives regulatory nod for Hua Xia stake sale

  • Published: 4 Nov 2016

Deutsche Bank has secured the go-ahead from the China Banking Regulatory Commission for sale of its stake in China’s Hua Xia.. read more

Australia and Ontario securities watchdogs ink fintech support deal

  • Published: 3 Nov 2016

The Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission (OSC) have signed an agreement to support innovative financial technology companies in the two markets.. read more

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