Australian lender Westpac has raised nearly A$770m ($526.53m) through the share purchase plan (SPP) that closed last week. As part of the SPP, the bank …
Inbank-Mokilizingas merger secures regulatory approval December 11, 2019 Verdict Staff Encompass, Pegasystems team up to streamline banks’ KYC processes
Automated know your customer (KYC) solutions provider Encompass has joined forces with software company Pegasystems to streamline KYC processes of financial service firms. The collaboration …
Germany’s Commerzbank adds Apple Pay support
Germany’s Commerzbank has added Apple Pay support to enable its customers pay for their purchases through this digital payment platform. Apple Pay allows users to …
Swedbank combines IT and digital banking divisions in major restructuring
Swedbank, a Nordic-Baltic banking group based in Stockholm, has decided to combine its Group IT and Digital Banking divisions as part of its major organisational …
Planixs introduces new solution to enable smaller banks manage intraday liquidity risk
UK-based software developer Planixs has introduced a new tool to enable smaller banks to manage intraday liquidity risks. Dubbed Realiti Essentials, the new tool will …
Elavon extends partnership with Santander UK for another five years
Payments provider Elavon has extended its partnership with Santander UK for another five years, providing payment solutions to Santander’s customers. The partnership aims to bring …
Myanmar’s G Bank taps Infosys to power retail banking
Myanmar-based Glory Farmer Development Bank (G Bank) has selected Indian IT firm Infosys to digitalise its retail banking business. The lender will deploy Finacle Digital …
Indian central bank unveils final guidelines for ‘on tap’ licensing of SFBs
The central bank of India has published the final guidelines for ‘on tap’ licensing of small finance banks (SFBs). The move, subject to certain requirements, …
US-based digital bank Chime raises $500m in Series E round
US-based digital bank Chime has reportedly raised $500m in Series E round increasing its valuation to $5.8bn. According to a CNBC report, the round was …
Greece’s Pancreta Bank taps Finastra to automate regulatory reporting
Pancreta Bank, the largest cooperative bank in Greece, has partnered with Finastra to optimise regulatory compliance. The Greek lender has selected Finastra’s Fusion Risk solution …