First Republic Bank aims to develop digital transaction applications to multiply company growth
Key Insights and Signals in Banking & Financial Services
Centre Setup & Expansion MFS Investment Management establishes Uruguay office The new Montevideo office will allow MFS Investment to continue serving its many longstanding relationships throughout the region, including Argentina, where it has some long-lasting distribution partnerships. Read More>>Merger and Acquisition SocGen seeks to boost Equities role with AllianceBernstein deal The company has agreed to merge large parts of its equities business with AllianceBernstein, intensifying the French bank’s bid to eclipse BNP Paribas SA in share trading. Read More>>Partnerships FirstClose’s Digital Home Equity Solution is now integrated with MeridianLink The end-to-end platform includes a borrower-facing point-of-sale solution that gives consumers instant online feedback on their home valuation, available home equity and delivers credit decisions in minutes. Read More>> Worldline and BR-DGE extend partnership to expand payment offering The collaboration will see BR-DGE’s merchants having access to Worldline’s global acquiring platform across the payment value chain. It brings together over 300 payment providers and technology solutions in one place. Read More>> Abu Dhabi Islamic Bank signs MoU with Abu Dhabi Global Market This MoU is a strategic milestone in ADIB’s plan to contribute to economic and financial sector growth in the Emirate of Abu Dhabi and the UAE. Read More>>Executive Movements Prudential’s CFO James Turner to step down from the board, remain CFO James Turner will remain as CFO and a member of the group executive committee. Before becoming CFO, Turner was Chief Risk & Compliance Officer. Read More>> KeyBank taps Chief Strategy Officer as next CFO The Bank named Clark H.I. Khayat to become its next CFO, succeeding Don Kimble, who is set to retire. Khayat joined the bank in 2012 as Executive VP for Corporate Strategy, and later served as Group Head of Commercial Payments before becoming Chief Strategy Officer in 2018. Read More>> Inter-American Development Bank picks Brazil’s Goldfajn as next President Governments from Latin America and the Caribbean chose Brazil’s Ilan Goldfajn to become the next Chief of the Bank. Goldfajn, the current Western Hemisphere director of the IMF, was elected during a meeting of finance ministers and other officials of member nations. Read More>>Financial and Market Activity Central 1 reports Q3 2022 financial results The company reported a profit of USD 1.3 Mn for the third quarter (Q3) ended September 30, 2022. The third quarter profit decreased by USD 12 Mn from the same quarter last year. Read More>> Standard Chartered Bank Q3 profit rises to USD 70 Mn The Bank has posted a net profit of USD 70 Mn, a 37 percent jump from USD 51 Mn posted in the same period last year. The growth was attributed to increased incomes on asset volumes growth and expansion in net interest margins. Read More>>
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Latest Industry Insights from Draup Braindesk
Payment Solution Enhancement
Huntington Bancshares Inc. wants to improve digital payment capabilities and supports its enterprise payment strategy.
Huntington uses ChoicePay and cloud technologies to create distinctive, automated experiences using best-in-class digital tools.
Huntington Bancshares launches a cashback credit card with account and fraud alerts, a digital wallet, and contactless payment to prevent fraud.
End-to-End Automation Solution
Huntington Bancshares intends to improve back-office automation.
The company intends to use AI/ML technologies to automate the pairing of remittance advice for payments and adjustment of the invoice value.
Huntington Bancshares Inc. offers powerful business intelligence solutions for reporting before and after the acquisition, such as limit management, interest accrual, and exposure tracking.
Service Providers with rich expertise in end-to-end automation solutions would be deal winners.
Carlyle raises USD 3.1 Bn to invest in European tech
With a horizon of five years, the fund is targeting areas such as cybersecurity, digital transformation, and cleantech, as well as software applications for financial services, healthcare, and infrastructure. Read more>>
Company – Capitalizarme Total Funding– USD 11.63 Mn About: Capitalizarme is an E2E marketplace for investing in real estate assets. The company chooses the best investment options and simplifies the process of making a responsible investment, democratizing the market for first-time investors. Read more>>
Latest Reports Published in Draup
First Abu Dhabi Bank PJSC Account Intelligence Report First Abu Dhabi Bank focuses on enhancing CX with digital touchpoints to automate customer screening and enable instant credit decisions for asset products. Read More>>
First Republic Bank Account Intelligent Report
First Republic Bank is keen on developing digital transaction applications with specific goals to increase the growth of the company. Read More>>
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Launching Draup’s Chrome Extension to give more power to your sales efforts. Now, you can quickly add leads on LinkedIn to Draup’s lists.
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