Know your customer (KYC) solutions provider encompass has partnered with Bisnode to provide customer on-boarding services to financial institutions in the Nordic region. The move …
Banks loyalty strategy failing to reward customers January 17, 2019 Philippines’ UnionBank opens first fully digital branch
UnionBank of the Philippines has opened its first digital branch powered by Appian platform. Called The Ark, the new branch features internet-connected self-service kiosks and …
Milleis Banque taps Wolters Kluwer for regulatory compliance software
Retail and wealth banking company Milleis Banque has selected Wolters Kluwer solution to build a truly integrated risk and reporting framework. Wolters Kluwer will provide …
Lloyds slammed over overdraft fee changes
Lloyds overdraft changes have been slammed as ‘gaming the system’ by making the process more expensive and complex. The changes would see a significant increase in …
Deutsche Bank to shift 60 jobs from US to India
Deutsche Bank outsourcing continues as it decides to move nearly 60 accounting jobs from its Jacksonville, Florida office to India’s business capital Mumbai. According to …
Vietcombank raises $265m to meet capital requirements
Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly known as Vietcombank, has raised $265m through share sale to Singapore’s state investor GIC and …
German online bank N26 raises $300m at $2.7bn valuation
German digital-only bank N26 has raised $300m in a Series D funding round. The company is valued at $2.7bn following this new funding round. The …
Largest Middle East banks: 2018 strength, 2019 M&As to accelerate
2018 is an excellent year for share price performance at the largest Middle East banks by market cap. As Douglas Blakey reports, more than one …
Canada’s TD Bank embeds AI-powered chatbot into mobile app
Canada’s TD Bank Group has added a chatbot powered by artificial intelligence (AI) technology to its mobile app to facilitate regular transactions as well as …
Nordea Bank awards $540m managed services contract to IBM
Nordic-based financial services group Nordea Bank has signed a $540m multi-year managed services agreement with IBM Services to outsource its IBM Z operations. IBM Z …
