BitOasis strikes deal with Mastercard for crypto-linked cards to make UAE a Crypto Hub
Key Insights and Signals in Banking & Financial Services
Centre Setup & Expansion South American offices for State Street will soon open The company announced the launch of a new office in Chile to help the company serve and support institutional clients throughout Latin America. The company has chosen Alberto Menendez to oversee the Chilean office. Read More>>Deals NatWest inks VRP agreements with three payment providers The company has made agreements with Token, Tink, and Yapily to offer Variable Recurring Payments (VRP) as a new and convenient payment option for businesses and consumers. Read More>> African Development Bank and FCMB Sign USD 50 Mn line of credit agreement The bank has signed a USD 50 Mn Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance for small and SMEs as well as women-empowered businesses (WEBs). Read More>> Dubai’s BitOasis inks deal with Mastercard for crypto-linked cards The cards will allow BitOasis customers in the Middle East and North Africa to make purchases at points of sale or online. With ambitions to become a global crypto hub, the UAE has been pushing to develop virtual asset regulation to attract new forms of business. Read More>>Mergers and Acquisition Republic Bank expands its Cincinnati footprint with the acquisition of CBank Republic will acquire all CBank’s outstanding common stock in an all-cash direct merger of CBank with Republic Bank, resulting in a total cash payment of approximately USD 51 Mn to CBank’s existing shareholders. Read More>> Avalara officially goes private as Vista Equity Partners completes acquisition Avalara shareholders approved the USD 8.4 Bn deal as 84% of voting shareholders voted in favor of the acquisition. The deal officially takes Avalara off the New York Stock Exchange. Read More>> Citizens Financial Services and HV Bancorp sign definitive merger agreement Under the terms of the agreement, the shareholders of HVBC will have the right to elect to receive for each share of HVBC common stock either USD 30.50 in cash or 0.400 shares of CZFS common stock or approximately USD 67.4 Mn in the aggregate. Read More>>Partnerships Envestnet Data and Analytics partners with Tata Consultancy Services Through this agreement, TCS will help globally scale Envestnet’s Data and Analytics business located in Bangalore, India, with technologies that anticipate client needs. Read More>> Mahindra Finance partnered with India Post Payments Bank to boost credit access India Post Payments Bank would refer leads to Mahindra Finance for passenger vehicle, three-wheeler, tractor, and commercial vehicle loans and offer cash EMI deposit options at post offices. Read More>> Cboe global markets, SBI Holdings sign MoU The MoU between Cboe and SBI lays the foundation for the potential exchange of resources and information with respect to pursuing cooperation and planned joint business initiatives. Read More>>Executive Movement Global Infrastructure Partners name Evercore exec as CFO Evercore’s Celeste Mellet is officially Global Infrastructure Partners’ CFO and partner. Her ability to lead and build financial teams and deliver change is vital to the organization. Read More>> Atom Bank appoints Andrew Marshall as the new CFO Marshall has been working at Atom for more than six years as group financial controller, deputy CFO, and director of corporate finance. He will now focus on ensuring Atom continues working towards long-term profitability. Read More>>
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Latest Industry Insights from Draup Braindesk
Zurcher Kantonalbank integrates fraud-prevention technologies to safeguard clients from payment fraud by employing advanced behavioral analytics, AI, and machine learning to develop accurate consumer profiles.
Zurcher Kantonalbank implements Open Wealth API to introduce a portfolio management system using the new API and standard standards.
Zurcher Kantonalbank introduces compact, prototype, on-the-go bank branches with interactive guidance tools and digital seminars to rethink the banking experience.
Zurich Area, Switzerland serves as the key location for various operations such as Cybersecurity, Business Intelligence & Analytics, Mobile Application Development, and Robotic Process Automation related engagements, and Solverminds and FIS are the key strategic outsourcing partners for Zurcher Kantonalbank.
Funding Alert
Orix can invest about USD 2 Bn in the Toshiba buyout
The financial service company has decided it could invest up to USD 2 Bn in a consortium to buy out Japanese industrial conglomerate Toshiba Corp. Read more>>
Startup Spotlight
Company – Manzil Total Funding– USD 3.24 Mn About: Manzil offers fully compliant financial products, including mortgages and investment opportunities that are locally structured and available to Muslim Canadians looking to build wealth and assets. Read more>>
Latest Reports Published in Draup
American Express Account Intelligence Report American Express focuses on a cross-border payments solution for U.S. Small Businesses that offers a mobile-friendly, self-service payment platform. Read More>>
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