HDFC Bank signs multi-year data and tech agreement with Refinitiv to support digital transformation
Key Insights and Signals in Banking & Financial Services
Centre Setup & Expansion Newest branch of Bank of Hawaii opened on September 26 The bank celebrated the opening of its new Hilo Branch in Hawaii. With the latest branch of tomorrow capabilities, the Hilo location will serve customers with enhanced features such as a technology-focused Teller Bar, biometric safe deposit boxes, the Pili Room for private consultations, Banklanai, and a drive-thru ATM. Read More>>Deals HDFC Bank signs a deal with Refinitiv HDFC Bank signed a multi-year data and technology agreement with global financial data provider Refinitiv. Under the agreement, HDFC Bank will access Refinitiv’s database and products, which will help the bank reach more customers and cut costs across several bank divisions. Read More>> Taiwan’s SinoPac selects Temenos SinoPac selected Temenos to advance its digital banking capabilities. Temenos’ digital banking solution on Temenos open platform for composable banking will enable SinoPac to differentiate in a crowded banking market with seamless and personalized digital banking experiences, helping it attract new customers and grow wallet-share. Read More>>Mergers and Acquisition OneDigital acquires USD 1 Bn New Jersey RIA The company is expanding its presence in the Northeast by acquiring a New Jersey firm. With the purchase of its owner KB Financial Companies, OneDigital has also acquired KB Financial Advisory Partners, which is a tax, accounting, and business advisory firm. Read More>>Partnerships Taulia and Standard Chartered sign MoU to advance working capital management solutions and strengthen financial supply chains The two companies have signed the MoU to collaborate across a range of working capital finance solutions, with an initial focus on the provision of supply chain finance and dynamic discounting. Read More>> Nexi partners with Global Blue to support Hospitality & Retail payments Global Blue will integrate Nexi’s payment solutions directly into existing Property Management Systems and Point of Sale software platforms. For Merchants, it unleashes an authentic omnichannel and seamless experience while taking advantage of Nexi’s unique combination of European scale and deep local expertise. Read More>>Executive Movement TIAA Global Business Services India appoints Oindrila Majumdar as new CEO TIAA appointed Oindrila Majumdar as the new Chief Executive Officer. TIAA is accelerating its strategy to lead in lifetime income, delight its clients, and strengthen how the firm operates with digital-first, cloud-first, and enterprise-wide shared services. Read More>> Sadia Ricke joins Standard Chartered as Group Chief Risk Officer Sadia Ricke, coming from Socit Gnrale, will be Standard Chartered’s new Chief Risk Officer based in London. Her appointment is subject to regulatory approval and effective as of 1 February 2023. Sadia will report directly to Group Chief Executive Bill Winters and become a Group’s management team member. Read More>> Brookline Bank names Hingham Resident David A. Bourret Senior Vice President Brookline Bank appointed David Bourret the Senior Vice President in the bank’s commercial banking group. Bourret has more than 40 years of experience in commercial and corporate banking in the greater Boston area. Previously, Bourret held senior lending positions at Cambridge Trust Company, Customers Bank, and Boston Private Bank. Read More>>Layoff Klarna to make the second round of job cuts Klarna is planning a second round of layoffs, four months after it cut 10% of its global workforce. The message was sent to around 500 Klarna employees across three departments, including IT and recruiting, according to SvD. Read More>>
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Latest Industry Insights from Draup Braindesk
Funding Alert
HSBC invests USD 10 Mn in Nova Credit
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Startup Spotlight
Company – AcreTrader Total Funding– USD 77 Mn About: AcreTrader is an agricultural real estate investing platform that helps buyers buy farmland shares online. AcreTrader will also oversee administration and property management, insurance, accounting, collaborating with local farmers, and improving soil sustainability. Read more>>
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