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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

Lloyds annual pre-tax profit surges to £4.2bn

  • Published: 22 Feb 2017

Lloyds Banking Group has reported a statutory pre-tax profit £4.23bn for the year ended 31 December 2016, a huge surge compared to £1.64bn a year ago.. 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

HSBC annual pre-tax profit plummets 62%

  • Published: 21 Feb 2017

British banking group HSBC has posted pre-tax profit of $7.1bn for the year ended 31 December 2016, a slump of 62.3% compared to $18.8bn a year ago.. 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

Independent Alliance Banks to merge with First Merchants in $251.3m deal

  • Published: 20 Feb 2017

Indiana-based Independent Alliance Banks (IAB) has agreed to merge with local lender First Merchants in a deal valued at about $251.3m.. 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

Abu Dhabi, Australia regulators sign cross-border collaboration agreement

  • Published: 17 Feb 2017

Abu Dhabi Global Market (ADGM) and Australian Prudential Regulation Authority (APRA) have inked a memorandum of understanding (MoU) to support cross-border collaboration in their financial markets.. read more

ANZ cash profit surges 31% in Q1

  • Published: 17 Feb 2017

Australia & New Zealand Banking Group (ANZ) has posted cash profit of A$2bn for the first quarter of fiscal 2017, an increase of 31% compared to the quarterly average of the second half of the financial year 2016.. read more

New York announces new cybersecurity regulations

  • Published: 17 Feb 2017

New York governor Andrew Cuomo has announced a cybersecurity regulation that will protect consumer data and financial systems from terrorist organisations and other cyber criminals.. read more

Fifth Third Bank opts for AxiomSL’s regulatory reporting platform

  • Published: 17 Feb 2017

Fifth Third Bank, a US-based commercial lender, has selected AxiomSL platform to meet its analytical and regulatory reporting needs.. read more

Kaiperm Diablo FCU taps Nymbus core banking platform

  • Published: 17 Feb 2017

Kaiperm Diablo Federal Credit Union has selected Nymbus SmartCore core banking platform to modernise the digital customer experience for its members in Northern California as well as streamline back-end operations and processes.. read more

Bank of Cyprus selects Dovetail for payment hub functionality

  • Published: 16 Feb 2017

Bank of Cyprus has tapped payments service provider Dovetail to equip it with payment hub functionality, covering SWIFT, Target2, SEPA Credit Transfer and Direct Debits.. 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


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