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, …
Myanmar’s G Bank taps Infosys to power retail banking December 9, 2019 Verdict Staff 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 …
Egypt’s CIB to buy Kenyan lender Mayfair Bank
Egypt’s Commercial International Bank is set to acquire a majority stake in Mayfair Bank, a lender based in Kenya. Currently, the Competition Authority of Kenya …
Canada’s CWB taps Temenos to improve digital banking services for SMEs
Canada’s CWB Financial Group has partnered with Temenos to improve digital banking experience for its SME customers. CWB has selected Temenos’ Data Lake with Explainable …
Australian regulator to boost banking transparency with new data policy
Australian prudential regulator has proposed new policies on banking data to boost transparency in the system. The changes, proposed by the Australian Prudential Regulation Authority …
Brazilian consumer finance startup Rebel raises $10m
Rebel, a consumer finance start-up in Brazil, has raised $10m in a new equity funding round. Monashees and FinTech Collective, a New York-based venture capital …
First Horizon Bank taps FIS to improve customer loyalty programme
Tennessee-based First Horizon Bank has selected FIS to improve its loyalty programme and drive customer experience. The lender selected FIS Relationship Rewards solution which rewards …
Monese launches joint account offering in UK and EEA
Monese has introduced its joint account offering for its customers in the UK and European Economic Area (EEA). Customers can open the joint account with …
New Zealand increases bank capital requirements
The central bank of New Zealand has increased capital requirements for banks, in line with earlier expectations. The Reserve Bank of New Zealand (RBNZ) took …