Spotlight on mobile banking in bid to increase customer touchpoints

Key Insights and Signals in Banking & Financial Services 

Centre Setup and Expansion  
Partners Group to move into new Baar HQ in 2024
The new HQ in Baar, Central Switzerland, will be a three-building campus. The campus will cost an estimated USD 275 Mn. The buildings will encompass 21,000 square meters with a 225-space underground car parking and a new bus route for public transport. Daycare centers and leisure facilities are also planned for employee wellness. Read More>>
Wells Fargo Advisors inaugurate a new location in the Scranton Enterprise Center 
The company hosted a ribbon-cutting and grand opening at its new location in the Scranton Enterprise Center. The company says, “it will enhance their commitment to stay and invest further in the city of Scranton.” The center is owned and operated by The Greater Scranton Chamber of Commerce and its affiliate SLIBCO. Read More>>
JPMorgan Chase plots the next bank branch in Charlotte
JPMorgan Chase & Co. is planning another retail branch in south Charlotte. The branch will be at the southwest corner of Providence Road and Moravian Lane in Myers Park. The company has not specified when the branch will open, but it will be a new build and strengthen its intention to reach a broader customer base. Read More>>
Deals and Deal Renewal
Schaltbau Holding AG enters into an investment agreement with Carlyle
As per the agreement, Carlyle gave assurance to support Schaltbau’s long-term growth and investment strategy and to preserve the existing structure and sites of the Schaltbau Group. They also intend to launch a voluntary public cash takeover offer for all outstanding shares of Schaltbau. Read More>>
State Street expands crypto offering with Lukka
State Street has signed up with crypto enterprise Lukka to provide clients with middle and back-office capabilities for digital asset fund administration. State Street intends to use Lukka’s technology suite to support its private fund clients with collecting, standardization, enrichment, reconciliation, processing, and reporting related to crypto and other digital assets. Read More>>
European Investment Bank signs an advisory agreement with Hydrogen Europe 
The agreement will help identify projects that could receive EIB financing and support their bankability. The EU bank will also provide financing advisory support for hydrogen projects introduced by Hydrogen Europe. Furthermore, it will cooperate on market development initiatives and conduct joint market outreach. Read More>>
National Stock Exchange partners with IBBI for research
NSE has joined hands with the Insolvency and Bankruptcy Board of India (IBBI) for research collaboration. Under this collaboration, the focus will be on enhancing the existing research efforts in the areas related to insolvency and bankruptcy in India, promoting studies that explore interlinkages between the development of the insolvency process, financial markets, and economy. Read More>>
Home Instead partners with Barclays Bank to provide digital training 
Home Instead also plans to create community influencers across its network of 235 offices. Through the Barclays digital eagles program, individuals will learn how to engage older adults with technology. Barclays has made available online learning tools through its ‘digital wings’ platform, which can be accessed by office teams via Home Instead’s training portal. Read More>>
Digital asset platform Zipmex connects with Visa 
This strategic partnership will take advantage of the combined strength of Zipmex and Visa’s global payments platform and network. Already a regional leader in digital asset payments, Zipmex plans to launch an innovative new payment product later this year. Read More>>
EedenBull and Mastercard are enhancing the modernization of payments   
EedenBull announced participation in Mastercard Track Business Payment Service to strengthen its innovative Commercial Payments as-a-service (CPaaS) solution. Consisting of a portfolio of B2B solutions, Mastercard Track helps businesses increase simplicity, flexibility, and efficiency, optimizing the best option of paying or getting paid for every invoice across multiple payment rails. Read More>>
Mergers and Acquisitions 
Equifax announces a definitive agreement to acquire Health e(fx)  
Acquisition of ACA software solutions provider will enhance Equifax Workforce Solutions’ ability to serve Payroll, HR, tax, and Benefit Administrator industries. This acquisition will help Equifax Workforce Solutions bring businesses more of the information, insights, and solutions they need to help manage the changes that impact their workforce. Read More>>
Clearlake Capital Group acquires Cornerstone OnDemand Inc. for USD 5.2 Bn 
 Under the agreement terms, Clearlake will acquire the outstanding shares of Cornerstone common stock for USD 57.50 per share in cash. And upon completion of the transaction, Cornerstone will become a private company with the flexibility and resources to continue to provide market-leading talent management SaaS solutions. Read More>>
Executive Movement
StanChart’s Kunal Ahuja joins Barclays as head of M&A in Southeast Asia
Ahuja will start at Barclays later this year after serving a gardening leave period. He will continue to be based in Singapore, the people said. Ahuja’s hiring follows Ee Ching Tay, who joined as head of Southeast Asia banking from JPMorgan Chase & Co. earlier this year. Read More>>
Quilter appoints new board audit member
 Tazim Essani has been appointed as a member of the board audit committee with effect from 1 September 2021. She has also agreed to act as the second Quilter non-executive director designated for engagement with the group’s workforce. Essani will have a particular focus on the further promotion of diversity and inclusion at Quilter. Read More>>

Latest Industry Insights from Draup Braindesk

Market Overview: Growing use of mobile phones and high-speed internet combined with various government initiatives may create more opportunities for the digital banking market 

The North America digital banking market was valued at USD 376.2 billion in 2019 and is estimated to reach USD 721.3 billion by 2027, at an 8.48% CAGR.  

Technological advancements such as the integration of blockchain technology are helping to strengthen the global digital banking market. 


Virtual Payment Cards ➢ Contactless Payments ➢ Risk and Cybersecurity management ➢ Mobile standards and AI ➢ Real-time payments ➢ Customer Support Chabot’s ➢ Algorithmic Trading ➢ Biometric Authentication in Banking 

Growth Drivers for BFSI Players: 

Digital Payment: 

Digital payments are increasing dramatically due to the pandemic, and key players are investing in digital payments to improve transaction speed.  

Mobile phone & Internet: 

The global adoption of mobile phones and internet penetration drives additional customer-centric products and services, resulting in a better customer experience in growing markets.  

Digital Banking operation: 

The cost-efficiency and ease of use advantages of digital banking over traditional banking systems are the market drivers for the digital banking market.  

Key Players: 

RBC | Scotiabank | Goldman Sachs | Met Life | Bank of America | Citi | Wells Fargo 

Key Funding Alert

Indian Neobank Jupiter raises USD 44 million led by Brazil’s Nubank 
Jupiter has raised USD 45 Mn in a new financing round as the Bangalore and Mumbai-based start-up sets up its platform’s public launch in a month. With the latest funding round, the company’s value has risen above the USD 300 Mn mark. Read more>>

Startup Spotlight

Company – Yova 
Total Funding  USD 15.24 Mn
About: Yova is the leading digital platform for investing with a sustainability impact. Yova customers invest directly in companies that help solve global problems, such as fighting climate change or promoting human rights.  
Read more>>

Latest Reports Published in Draup

Visa Account Intelligence Report: Visa utilizes digital technologies such as Artificial Intelligence, Machine Learning, Robotic Process Automation, and Blockchain to make seamless and secure banking operations. Visa collaborated with AMEX, Discover, and Mastercard for global expansion of the Click to Pay online checkout. Read More>>
Fidelity National Financial Account Intelligence Report: Fidelity National Financial is focusing on automating the title insurance business, risk management track the progress, and cloud solutions to detect suspicious activities. They are also focusing on enhancing inHere Experience Platform to strengthen consumer money transfer and payments businesses. Read More>>
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