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Latest News - Strategy

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

Paisabazaar.com partners with IDFC Bank to offer lending products

  • Published: 19 Dec 2016

Indian online financial marketplace Paisabazaar.com has teamed up local private sector lender IDFC Bank to offer the bank's retail and lending products to customers.. read more

Airtel Payments Bank introduces pilot services in Karnataka

  • Published: 19 Dec 2016

Airtel Payments Bank, the payment banking unit of Indian telecom group Bharti Airtel, has launched pilot services across Karnataka, India.. read more

Citi partners with PayPal to enhance payment experience

  • Published: 16 Dec 2016

Citi and PayPal have entered into a partnership, which will allow Citi cardholders to use their cards with PayPal to pay online, in-app and in-store starting next year.. read more

Bank Alkhair receives approval for stake sale in Burj Bank

  • Published: 15 Dec 2016

Bahrain-based Islamic lender Bank Alkhair has secured the go-ahead from the State Bank of Pakistan to offload its stake in Pakistan’s Burj Bank.. read more

Bank of America sets up new Hayward financial centre

  • Published: 15 Dec 2016

Bank of America has opened its new financial center in Hayward, California, equipped with digital resources and on-site expertise required to help clients with their financial decisions.. read more

Broadridge Financial opens new Singapore office

  • Published: 14 Dec 2016

Broadridge Financial Solutions has strengthened its presence in the Asia with the opening of a new office in Singapore.. read more

Standard Bank buys stake in mobile payments firm Firepay

  • Published: 13 Dec 2016

South Africa’s Standard Bank has purchased a majority stake in Firepay, the company behind South Africa’s mobile payments service SnapScan, for an undisclosed sum.. read more

Santander Mexico to invest $741m to drive growth

  • Published: 13 Dec 2016

Santander Mexico, the Mexican arm of Spanish banking group Santander, has announced plans to invest MXN15bn ($741m) over the next three years.. read more

Cartes Bancaires taps Gemalto to enable member banks deploy their own payment offer

  • Published: 12 Dec 2016

Groupement des Cartes Bancaires (GIE CB), the French bank card association, has selected Gemalto’s white label mobile wallet solution Pure, to enable its member banks to deploy their own NFC mobile and in-app payment services.. read more

Soneri Bank partners with Covalent to manage EMV debit programme

  • Published: 12 Dec 2016

Soneri Bank, a Pakistan-based commercial lender, has teamed up with Covalent, a joint venture between Access Group and TPS, to bring together the combined expertise of all the companies on one common platform, with mutual goals for successful digital transformation.. read more

Scotiabank, QED Investors partner to facilitate fintech start-ups in Latin America

  • Published: 9 Dec 2016

Canadian lender Scotiabank has partnered with boutique venture capital firm QED Investors to promote fintech start-ups in Latin America that are focused on financial technology disruptors.. read more

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