All articles by Patrick Brusnahan
Patrick Brusnahan
Patrick is the editor of Private Banker International and Life Insurance International. You can reach him at patrick.brusnahan@verdict.co.uk
VocaLink finally captured by MasterCard
After months of speculation, MasterCard has entered into a £700m ($920m) agreement to acquire VocaLink. VocaLinks investors could also receive a potential £169m earn-out if performance targets are met.
Number26 rebrands and relaunches
The Germany-based start-up bank Number26 has received a full banking license from the Federal Financial Supervisory Authority and the European Central Bank. As a result, it has changed its name to N26
Changing fortunes after Brexit
Post-referendum, a fun game to play is to try and find a British company whose shares have not dropped. While many firms are looking for signs of recovery, currency provider FAIRFX had its best ever week.
Temenos targets growth in the States
Temenos, a global banking software vendor, brought together multiple players in the industry to Barcelona for its Temenos Community Forum (TCF). This event focused on the developments in the financial sector and the innovation coming from new entrants. Patrick Brusnahan reports on the key findings and ideas
European Commission to prioritise virtual currencies and prepaid cards in AML crackdown
There is a common cycle in financial security. A criminal will adapt to security protocols and regulation, the regulator adapts to combat the development and this repeats ad infinitum. The European Commissions (EC) anti-money laundering (AML) division is making progress, however. Stronger rules have been released to combat new threats.
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CBA and 60-second onboarding
A number of players in the financial industry attended TCF to impress people with their technology. One that grabbed the attention of many eyes was The Commonwealth Bank of Africa (CBA) with their service that enabled 60-second account sign up.
When speaking with RBI, Mohammed Jama Dalal, the head of technical services at CBA, bragged that the service ‘tends to do better than 60 seconds’.
Brexit damaging for the fintech sector
While financial and political analysts continue to wrack their brains on what could happen to the UKs big banks following Brexit, there are also repercussions for the countrys fintech sector. Tom Blomfield, CEO of Mondo, believes that Brexit is really damaging, especially for the fintech sector.
Gove doesnt strike me as someone who understands financial services
Post-referendum, everyone is attempting to predict who will lead negotiations with the EU. One of the frontrunners is Conservative MP and Minister of Justice Michael Gove, but as Baroness Bowles said: Gove doesnt strike me as someone who understands financial services. Patrick Brusnahan writes
Nobody knows what to beLeave
Following the UKs decision to leave the European Union (EU) due to the countrys latest referendum, predictions for the future are plentiful. Many forecasts are negative, but the Leave.eu organisation believes there is a great deal to be happy about. This needs to be taken with a pinch of salt. Patrick Brusnahan writes
Post-Brexit trading suspended for RBS and Barclays
Trading in both RBS and Barclays shares were suspended following major slumps on the London Stock Exchange.