PayPal unveils new Crypto integration feature

Partnerships
Noqodi expands collaboration with Network International
Noqodi and Network International are partnering to extend digital payment acceptance across sectors beyond government services in the Middle East. The collaboration aims to support unbanked segments, including retail, through accessible digital payment solutions. The partnership aligns with Dubai’s cashless economy vision. Read More>>
Backbase and Valleysoft forge strategic partnership
Backbase partners with Valleysoft to enhance Engagement Banking in the Middle East and Africa, addressing rising digital banking competition and customer demands. This collaboration aims to redefine customer-centricity, leveraging Backbase’s platform and Valleysoft’s expertise for transformative progress in the digital banking landscape. Read More>>
Virtu Financial and InvestorLink form a strategic alliance
The companies aim to enhance retail investor access to primary markets. This collaboration combines Virtu’s connectivity and market expertise with InvestorLink’s technology solutions for improved liquidity, transparency, and efficiency in primary market participation. Read More>>

Deal
Kualitatem wins contract with Banque Misr
Kualitatem secures a project from Banque Misr UAE to provide comprehensive testing services for their Temenos T24 core banking system. The collaboration aims to enhance software quality and customer experience. Read More>>

Centre Setup and Expansion
LOLC Finance launches a modern metro branch, empowering Negombo
Equipped with modern amenities, the branch aims to enhance convenience and accessibility for customers while contributing to the area’s economic progress and community connections. Read More>>
SimCorp A/S strengthens presence in the Americas by opening office
SimCorp establishes an office in Mexico City to provide around-the-clock global client support for its SaaS investment management solutions. The move enhances SimCorp’s presence in North America and aligns with its growth strategy, adding to its existing global delivery centers. Read More>>

Merger and Acquisition
Glacier Bancorp to acquire Community Financial
Glacier Bancorp aims to enhance its footprint in Eastern Washington by incorporating CFGW’s Wheatland Bank. The move seeks to bolster Glacier’s presence in the growing market and create a new division led by Susan Horton, combining existing divisions for increased regional impact. Read More>>

Executive Movements
P. R. Seshadri appointed new MD & CEO of South Indian Bank
South Indian Bank, located in Thrissur, has named P. R. Seshadri as the Managing Director and CEO, with approval from the Reserve Bank of India. Seshadri, who has held key positions at The Karur Vysya Bank and Citibank N.A., Asia Pacific, will commence his three-year term on October 1. Read More>>
HSBC names new Head of Global Private Banking in Kuwait
HSBC Kuwait appoints Rayan Kazerooni as head of global private banking to expand onshore wealth management advisory services and enhance its Global Private Bank offering. Kazerooni brings experience from the Bank of London and the Middle East. HSBC’s strategy focuses on growth in EMEA’s private banking sector. Read More>>

Product Launch
Bank Leumi to launch app with services in English
Bank Leumi is introducing an English version of its app, making it Israel’s first non-Hebrew accessible banking app. Customers can access account details, perform transactions, and use services in English, part of the bank’s system revolution efforts, including services like “Banker on Zoom” and extended customer support hours. Read More>>
PayPal unveils Crypto integration
PayPal launches Cryptocurrencies Hub for users to engage with Bitcoin and other cryptocurrencies, enabling buying, selling, and purchases within their accounts. However, users’ crypto balances aren’t directly owned. The move sparks both adoption potential and concerns about control and decentralization. Read More>>

 Advanced Banking Solutions

• Zürcher Kantonalbank aims to issue bail-in bonds with coupon rates of 4.156% and 2.75% totaling 500 million euros and 425 Million CHF. The bail-in bond has Moody’s instrument rating of Aa2, which helps systemically important banks maintain the regulatory-mandated gone concern capital.  
• Zürcher Kantonalbank focuses on AI and ML technology to streamline operations, increase decision-making, and improve customer relations. These tools can be used for things like automated financial advising, automated credit scoring, and chatbots for customer assistance.  
• Zurcher Kantonalbank aims to launch a new branch idea to rethink the banking experience for a new era. Newly designed, portable, on-the-go bank branches with interactive tools for guidance and free workshops on digital channels.  
• Zurcher Kantonalbank intends to use data analytics tools and approaches to understand client behavior, spot trends, and customize services. Predictive analytics for credit risk evaluation, fraud detection, and targeted marketing campaigns may be used in this.   
• Service providers with solid expertise in Advanced Banking Solutions would be apt to serve  Zurcher Kantonalbank with better solutions.

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