Saturday, July 20, 2019
Financial Institution Services

Financial Institution Services

Mastercard drops Earthport bid; turns attentions to Transfast

Visa appears to have won the bidding war for cross-border payments firm Earthport after rival Mastercard dropped its bid and instead struck a deal to buy another money transfer network, Transfast, for an undisclosed amount.

Hong Kong prepares for a new era of ‘smart banking’

The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for...

The Future of Financial Services Authentication

According to Acuity Market Intelligence, financial service organizations that want to reap the benefits of the digital revolution to improve security, reduce friction, lower costs, and attract the most desirable customers, will adopt...

New Nordic Group to Ride Asian Growth Wave

Despite the U.S. economy realizing sustained growth rates not seen in decades, the International Monetary Fund (IMF) stated that it would be Asia, not America that will be "the most important engine for global growth," both this...

Bahrain to open dedicated fintech hub

The Bahraini Government and the region's Central Bank are backing the creation of a new fintech hub in a 10,000 square metre space overlooking the waters of Bahrain Bay and the Arabian Gulf. Scheduled...

How startups should approach working with large banks

How can a technology startup of 30 people, service its small group of clients with a combined workforce of over one million employees, trillion in market cap and decades of legacy systems?...

Snapsheet Brings Virtual Claims Technology to Canada

Snapsheet, the industry-leading provider of virtual claims technology for the personal and commercial insurance marketplace, expanded its North American presence to Canada by partnering with Aviva Canada, a property and casualty insurance group. "We're thrilled to...

Scotiabank to Acquire 51% of Banco Cencosud in Peru and Enter Into Partnership Agreement

Scotiabank today announced its Peruvian subsidiary, Scotiabank Peru, has reached an agreement with Cencosud Peru to acquire a 51% controlling interest in Banco Cencosud, which offers credit cards and consumer loans in Peru, for approximately...

Danish payments processor Nets close to $5bn buyout

Nets, the largest payments processor in Scandinavia, is rumoured to be close to a private equity buy-out that would value the company at more than bn, according to a report from the Financial...

Axis Bank uses Ripple to open new payment corridors between the UAE and Singapore

Standard Chartered, Axis Bank and Rakbank have begun to use RippleNet to send live cross-border payments on behalf of corporate clients and migrant workers. For Standard Chartered and Axis Bank, Ripple's enterprise blockchain platform...

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