Finastra to assist the Co-Operative Bank with Modernized Treasury Infrastructure powered by Cloud

Key Insights and Signals in Banking & Financial Services

Center Setup and Expansion
Shinhan opens three branches in Vietnam
The company has opened a new branch in Hanoi and two in Ho Chi Minh City, which increases its total number of offices in Vietnam to 46. This effectively consolidates its status as the largest Foreign Lender operating in Southeast Asia. Read More>>
Deutsche Bank opens IFSC Banking Unit (IBU) in Gift City, Gujarat
The IBU will provide all approved international financing products to Deutsche Bank’s clients in India and overseas, providing access to solutions that help improve business efficiencies. Read More>>
Liberty Bank selects SavvyMoney for its digital transformation
The company has selected SavvyMoney to provide digital banking solutions for its customers. SavvyMoney will offer credit scores, personalized offers, and financial education resources to Liberty Bank’s online and mobile users. Read More>>
The Co-operative Bank selects Finastra for modernized treasury infrastructure
The solution, integrated with the apps like CloudMargin and eflow via Finastra’s FusionFabric Cloud platform, will provide the Bank with a modern, scalable, and cost-efficient ownership model as well as access to ongoing upgrades and innovation. Read More>>
Mergers and Acquisition
Rv Worldwide acquires Netspend consumer business
The company has entered into a definitive agreement to acquire the Netspend consumer business from Global Payments in an all-cash transaction valued at USD 1 Bn. The acquisition brings back Netspend’s founders, Roy, and Bertrand Sosa, who also founded Rv. Read More>>
AEA Investors acquire Burke Porter Group
BPG’s global team operates across 21 manufacturing facilities and includes more than 500 engineers and technicians who specialize in designing, engineering, and assembling precision machines and automation solutions for various niche applications. Read More>>
Dialog Axiata partners with Sampath Bank to launch revolutionary eZ banking service
The company announced its partnership with Sampath Bank to introduce the revolutionary eZ Banking service as an extension of the company’s eZ Cash platform, Sri Lanka’s largest mobile money network, facilitating convenient and accessible banking experience to customers. Read More>>
Executive Movement
The Carlyle Group announces upcoming CEO Transition
Mr. Lee will step down as CEO and a member of the Board of Directors. The Board has appointed William Conway, Co-Founder, current Non-Executive Co-Chairman of the Board, and former Co-CEO, to serve as Interim CEO. Read More>>
Rothschild & Co hires Ryan Griswold as MD, North America
Mr. Griswold will play a lead role in the continued expansion of the Debt Advisory team in North America and will be an integral part of the firm’s global Debt Advisory business. Read More>>
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Latest Industry Insights from Draup Braindesk

Capability Enhancements
  • Credit One Bank is keen on offering credit card products to millions of card members through their partnership with WWE and Best Friends Animal Society. 
  • Credit One Bank is eager to enhance its offering across credit card products and services to enhance its customer experience through Themed credit cards.
Key Focus Area
  • Credit One Bank is devoted to issuing new credit cards that give more customers access to quality benefits, attractive offers, and robust security.
Outsourcing Opportunities
  • Hexacta and Servion Global Solutions are the top service providers for Credit One Bank.  
  • Application Development & Maintenance and Consulting & System Integration Service are the major outsourced segments for the Bank.

Funding Alert

Indian Overseas Bank plans to raise USD 126 Mn via QIP  
State-run Indian Overseas Bank will utilize this funding to sustain business growth equally in all segments powered by a balanced strategy. Read more>>

Startup Spotlight

Company – Leap Finance
Total Funding  USD 152.5 Mn
About: Leap Finance creates modern financial products and services that help Indian students pursue a global career. Leap Finance invests in student success, from choosing the right university and the best financing option to lining up job interviews and introductions. Read more>>

Latest Reports Published in Draup

The Bank of Nova Scotia Account Intelligence Report
Scotiabank aims to significantly improve financial consultancy, investment, retirement, and payment solutions to facilitate a more engaging and quality customer experience. Read More>>
Standard Bank Group Limited Account Intelligence Report
Standard Bank is interested in improving cryptocurrency wallet access data and facilitating transactions across existing and emerging applications through its chosen third parties. Read More>>
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Introducing KPIs specific to each use case in Industry Curator
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