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Latest News - Strategy

RBL Bank takes 9.99% stake in Utkarsh Micro Finance

  • Published: 5 Oct 2016

Indian private sector lender RBL Bank has picked up a 9.99% stake in Utkarsh Micro Finance (UMFL) to reach out to the unbanked and underbanked consumer segments.. read more

Citigroup to invest $1bn in Banamex; renames unit

  • Published: 5 Oct 2016

Citigroup has unveiled plans to invest $1bn in its Mexican unit Banco Nacional de Mexico (Banamex) for upgrades to its technology and branches and also rename the Mexican business as Citibanamex.. read more

State Bank of India opens branch in Myanmar

  • Published: 4 Oct 2016

State Bank of India (SBI) has opened a branch in Yangon, Myanmar, becoming the first Indian bank to set up a branch in the neighbouring country.. read more

Cardtronics to buy DirectCash Payments for $460m

  • Published: 4 Oct 2016

Cardtronics, a provider of automated consumer financial services, has agreed to acquire DCPayments in a transaction valued at $460m.. read more

ING to shed 7,000 jobs and invest €800m in digital upgrade

  • Published: 3 Oct 2016

Dutch banking group ING is set to lay off 7,000 jobs and invest in its digital platforms with an aim to deliver annual cost savings of €900m by 2021.. read more

Worldline acquires majority stake in KB's card payment processing business

  • Published: 3 Oct 2016

Worldline, a provider of payments and transactional services, has acquired an 80% stake of Cataps, a subsidiary of the Czech lender Komercni banka (KB).. read more

Deutsche Bank launches digital factory in Frankfurt

  • Published: 30 Sep 2016

Deutsche Bank has opened its digital factory in Frankfurt to discover and evaluate new ideas, and translate these ideas into real products and services for its clients.. read more

Commerzbank to shed 9,600 jobs; suspend dividend

  • Published: 30 Sep 2016

German lender Commerzbank has announced plans to axe 9,600 jobs, suspend dividend payments, and shrink securities trading in order to bolster profitability.. read more

Laurentian Bank of Canada to shed 300 jobs

  • Published: 29 Sep 2016

Laurentian Bank of Canada announced plans to merge fifty branches to optimise operational efficiency, which will lead to the loss of about 300 jobs.. read more

ING lowers stake in Kotak Mahindra Bank to 3.9%

  • Published: 29 Sep 2016

Dutch banking group ING has reduced its stake in Indian private sector lender Kotak Mahindra Bank from 6.4% to 3.9% through the sale of 46.7 million ordinary shares of Kotak.. read more

Beyond Bank Australia takes stake in marketplace lender SocietyOne

  • Published: 27 Sep 2016

Beyond Bank Australia has expanded into the fintech sector by taking an equity stake in Australian marketplace lender SocietyOne.. read more

UnionPay signs agreement with Swedish acquirer Swedbank

  • Published: 27 Sep 2016

UnionPay International has signed an agreement with Swedish acquirer Swedbank to expand its acceptance footprint in emerging tourist destinations.. read more

Sibos: The race for trace(ability)

  • Author: Anna Milne
  • Published: 26 Sep 2016

Sibos' panel of banks agree that transparency in payments is more valuable than speed.. read more

Itau confirms talks for acquisition of Citigroup Brazil retail banking business

  • Published: 26 Sep 2016

Brazilian banking giant Itau Unibanco Holding has confirmed that it is in talks to acquire Citigroup’s retail banking business in Brazil.. read more

Major banks join forces to set up blockchain payments network

  • Published: 26 Sep 2016

A group of banks across the globe have teamed up to set up the first interbank group for global payments based on blockchain technology.. read more

Banco BPI makes way for Caixabank takeover by scrapping voting rights cap

  • Published: 23 Sep 2016

Portuguese lender Banco BPI shareholders have approved the scrapping of a 20% cap on voting rights, clearing the way for Spain’s Caixabank to carry out a fresh purchase offer for the Portuguese lender.. read more

Credit Agricole secures government nod to set up Islamic bank in Morocco

  • Published: 23 Sep 2016

The government of Morocco has given the go-ahead to Credit Agricole for setting up an Islamic banking subsidiary in the country.. read more

Marvelstone to set up fintech hub in Singapore

  • Published: 22 Sep 2016

Asian investment house Marvelstone Group is set to launch world’s largest fintech hub, named Lattice80, in Singapore’s Central Business District.. read more

CIBC, NAB, Bank Leumi form alliance to accelerate innovation

  • Published: 22 Sep 2016

Canadian Imperial Bank of Commerce (CIBC), National Australia Bank (NAB) and Israel's Bank Leumi have formed a partnership to speed up innovation by sharing aspects of their proprietary innovation strategies.. read more

Westpac to shrink branch network in New Zealand

  • Published: 22 Sep 2016

Australian banking major Westpac is set to close 19 of its branches across New Zealand as more people adopt online banking.. read more


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