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Asia United Bank acquires Singapore remittance firm Pinoy Express
Asia United Bank (AUB), the banking arm of Philippines Rebisco Group, has bolstered its remittance business by acquiring Singapore-registered money transfer firm Pinoy Express.
Bank of China to open branch in Czech Republic
Bank of China has unveiled plans to open a new branch in the Czech Republic by the end of this year.
IT glitch at HSBC affects thousands of payments
An IT glitch at HSBC prevented some of its business customers from making payments, in turn preventing thousands of Britons from receiving their wages.
First Internet Bank joins Wolters Kluwers indirect loan origination platform
Online banking services provider First Internet Bank has joined the Wolters Kluwer Financial Services AppOne indirect loan origination platform.
CaixaBank broadens its mobile payment service range
CaixaBank has expanded the range of its mobile payment service with the launch of CaixaBank Pay, a new app for any NFC-enabled or android devices.
Scotiabanks Q3 net income dips 21%
Scotiabank has posted a net income of C$1.85bn for the third quarter of 2015, a fall of 21.43% compared to C$2.35bn in the year ago quarter.
Almost four in ten say they wont need cash in ten years time: Lloyds Bank survey
Almost four in ten people believe they wont need cash in the near future as they increasingly turn to cards, contactless payments and other new technologies, according to a latest research from Lloyds Bank on the future of payments.
BPI to assume full ownership of mobile-based savings bank BanKO
The Bank of the Philippine Islands (BPI) is set to assume full ownership of BPI Globe BanKO (BanKO), a mobile-based savings bank which is a joint venture between Ayala, Globe Telecom and BPI.
African Bank gets regulatory approval to set up Good Bank
African Bank, which was placed under curatorship in 2014 following its collapse, has received approval from the SA Reserve Bank (Sarb) and the Financial Services Board (FSB) to set up a new Good Bank with its remaining uncontaminated assets.
NBC to expand nationwide via digital
National Bank of Canada, the sixth largest Canadian bank, plans to use digital channels and sales technology to expand its customer footprint across the country from its Quebec base. It expects to generate incremental revenues of C$500m ($393 million) by 2018 as a result. Robin Arnfield writes
ICBC first half profit improves marginally
Industrial and Commercial Bank of China (ICBC) has reported an attributable net profit of RMB149.02bn for the first half of 2015, a marginal rise of 0.62% compared to RMB148.10bn a year earlier.
MoneyGram launches account deposit service for Honduras Banco de Occidente
MoneyGram has rolled out a new account deposit product that enables clients to send money directly to all Banco de Occidente accounts in Honduras.
EMP launches instant card issuing service for banks
Emerging Markets Payments (EMP), an electronic payments processing company in Africa and the Middle East, has introduced its Instant Issuing Service that allows banks to issue customers with cards in-branch instantly.
Northfield Bank to snap up Hopewell Valley Community Bank for $54.9m
Northfield Bank, the wholly-owned subsidiary of Northfield Bancorp, has agreed to acquire Hopewell Valley Community Bank for $54.9m.
Liberty Bank chooses Accentures mortgage origination platform
US-based Liberty Bank has chosen Accentures mortgage origination software to boost operational efficiency and compliance capabilities.
India looking to privatise some state-owned banks-report
The Indian government is considering a proposal to slash its stakes in some public sector banks to 33% in phases, Business Standard newspaper reported.
Interpark forms consortium to set up internet-only bank
South Korean online shopping site Interpark has formed a consortium to secure regulatory nod for launching an internet-only bank.
TD moves ahead in North American digital banking
Digital transformation is a priority for TD Bank Group, which has built a customer-centric platform to capitalise on Canadian and US consumers appetite for digital banking. Robin Arnfield examines the Groups successful mobile offering, Smart ATM roll out and branch strategy over the last year
RBC personal & commercial banking unit sees 13% rise in Q3 net income
The personal & commercial banking division of Royal Bank of Canada (RBC) has recorded a net income of C$1.28bn for the third quarter of 2015, an increase of C$143m or 13% compared to the prior year.
Luxembourg banking community selects Worldline's ACS for 3D-Secure
The Luxembourg banking community has chosen Worldline's Access Control Server (ACS) solution for 3D-Secure, in collaboration with Luxembourg-based certification authority LuxTrust.