Partnerships
Finastra and MX partner to offer Financial Management tools in the US
They will integrate MX’s PFM, Insights, and Account Aggregation solutions with Finastra’s Fusion Digital Banking, enhancing financial institutions’ ability to offer personalized money experiences and insights to consumers. The collaboration aims to drive member engagement, financial wellness, and business growth opportunities. Read More>>
The Central Bank of Egypt, Vietnam’s central bank ink MoU to boost cooperation
The MoU will enhance cooperation in international banking supervision, monetary policies, and foreign exchange. The agreement also involves staff training and sharing expertise on banking laws and regulations. Read More>>
Centre Setup and Expansion
CIBC opens new Eleuthera branch
CIBC FirstCaribbean International Bank opened its new Governor’s Harbour branch in Charlow’s Bay Plaza, Eleuthera, Bahamas. The relocation aligns with the bank’s digital services enhancement strategy, featuring smart technology ABMs, night deposit, and online banking services to offer convenient self-serve options. Read More>>
KeyBank opens new, full-service branch in Colorado Springs
KeyBank has opened its first new branch in Colorado in over a decade in Colorado Springs. The branch features a financial wellness center model with personalized services, digital video screens, and a client hospitality area. Read More>>
Merger and Acquisition
TCW Group acquires Engine No. 1’s ETF Business
TCW Group aims to expand its ETF platform by acquiring Engine No. 1’s Transform ETF business, focused on supply chain onshoring and energy transition. The acquisition complements TCW’s existing thematic strategies and enhances its range of sustainable investment products. Read More>>
Executive Movements
Fidelity International names Jenn-Hui Tan as new chief sustainability officer
With extensive experience in sustainable investing, Tan will lead the firm’s sustainable investing and corporate sustainability teams, ensuring a unified approach and alignment with ethical and environmental considerations. Read More>>
HSBC appoints Joseph Ghorayeb as its CEO in Bahrain
He joined HSBC in Canada in 2006 and held leadership positions in the UAE, Qatar, and Bahrain. Ghorayeb aims to enhance HSBC’s position in the region. Read More>>
Product Launch
ADCB partners with Talabat to introduce a unique co-branded credit card
ADCB and Talabat UAE launched the ‘Talabat ADCB Credit Card’, offering rewards and discounts for Talabat orders. The card features no annual fees, personalized designs, and a welcome bonus of AED 500. Read More>>
Tata Capital unveils a generative AI-powered chatbot
Tata Capital introduces generative AI within its chatbot ‘TIA’ to enhance customer engagement. The integration of ChatGPT enables a seamless conversational experience, offering improved customer service. Read More>>
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