Mastercard Makes Headway into NFT Ecosystem with 7 New Partnerships
Key Insights and Signals in Banking & Financial Services
Center Setup and Expansion MidFlorida Credit Union opens branch in Temple Terrace This new 5,193-square-foot Temple Terrace branch features face-to-face banking, instant-issue debit and credit cards, a drive-up ATM, and four drive-thru lanes and safe deposit boxes. Read More>> Merchants Bancorp is opening a 10,000 Sqft. NYC HQ at 10 Grand Central The bank holding company inked a 10-year lease to open a new 10,00 square-foot New York City headquarters on the entire 24th floor of 10 Grand Central. Read More>> Santander Bank expands to Boston The new location is a hybrid of Santander’s traditional bank model and its Work Cafe. According to the bank, to deepen engagement with the community, the new site features conference rooms for public use and an event space. Read More>>Deals Societe Generale selects FIS for technology transition As part of the agreement, Societe Generale will transition its existing derivatives clearing and settlement IT environment to FIS Cleared Derivatives Suite. Read More>> 1NCE signs an exclusive APAC distribution deal via SoftBank 1NCE has signed an agreement with SoftBank Corp. that will bring 1NCE’s IoT services exclusively to 19 APAC markets. The deal will see 1NCE open offices and launch technical operations in Singapore and Tokyo. Read More>>Partnerships Mastercard partners with 7 NFT platforms The platforms include Immutable X, Candy Digital, The Sandbox, Mintable, Nifty Gateway, Spring, and MoonPay. The aim of the partnership is to enable people to pay for NFTs using Mastercard without buying crypto. Read More>> ICICI Bank, ZestMoney partner for BNPL credit facility Through this, the bank’s customers will have the option to convert transactions into EMIs directly at the time of check-out from an e-commerce platform or at retail outlets without using cards. Read More>>Mergers and Acquisition Access Bank in a fresh USD 37 Mn Kenya acquisition deal The bank has announced that its banking subsidiary has entered into an agreement with Centum Investment Company Plc to acquire its 83.4 percent equity stake holding in Sidian Bank Limited in Kenya. Read More>>Executive Movement Webster appoints Vikram Nafde to Executive VP, Chief Information Officer As a member of Webster Bank’s Executive Management Committee, Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy, and tech innovation. Read More>> CNO Financial Group names Chief Risk Officer As part of the role, Brian Schneider will oversee the firm’s risk management strategy. Working closely with company leadership, he will lead risk governance, business continuity management, model governance, and strategic and emerging risk management. Read More>>
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Latest Industry Insights from Draup Braindesk
Julius Bar focuses on capturing the strong wealth creation dynamics of growth markets, matching their investment profiles, and meeting the regulatory requirements.
Zurich Area, Switzerland, serves as the key hotspot focusing on Data Centre Management, IoT, Business Analytics, Legacy Modernization, and Systems Integration related engagements.
Application Development and Maintenance is a highly outsourced segment, and holds approximately 50% of total outsourcing headcount. Cognizant is the key strategic outsourcing partner for Julius Bar Group AG.
Digital bank Klar raised USD 70 Mn in equity funding led by General Atlantic
Klar plans to expand into adjacent markets and fortify its credit offering and build more borrowing and investment products. Read more>>
Company – Zipmex Total Funding– USD 62.9 Mn About: Zipmex is deepening financial inclusion by providing digital access to wealth-generating assets for the mass market in Southeast Asia. Zipmex not only adheres to the highest security standards but also employs institutional custody of digital assets for its customers, insured up to USD 100 Mn. Read more>>
Latest Reports Published in Draup
Cullen/Frost Bank Account Intelligence Report
Cullen/Frost Bank is keen on improving encryption and authentication technology to prevent cyber-attacks against merchants and third-party service providers. Read More>>
Equitable Holdings, Inc Account Intelligence Report
Equitable Holdings focuses on improving financial life insurance by providing specific advisors and developing investment plans for customers. Read More>>
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