TD Bank to transform its financial capabilities through Advanced Mobile Solutions backed by emerging tech
Key Insights and Signals in Banking & Financial Services
Center Setup and Expansion Fidelity Bank Ghana opens a new branch at Kaneshie, Accra This move forms part of the Bank’s strategic plan to proffer its wide-ranging suite of customized banking services and products to customers within Kaneshie Abossey Okai and its environs. Read More>>Deals Zurich Cantonal Bank taps NetGuardians to tackle payments fraud ZKB has selected NetGuardians as part of a program designed to enhance payments fraud. NetGuardians uses behavioral analytics, artificial intelligence (AI), and machine learning (ML) to build “highly accurate” customer profiles. Read More>> Western Union, Woodforest National Bank renew deal to offer Global Money Transfer Services With this renewal, the Bank consumers continue to have access to Western Union money and bill payment services via the Bank’s branches, as well as online capabilities via the Bank’s website and mobile app. Read More>>Mergers and Acquisition Fidelity National Financial acquires AllFirst Title Insurance Agency The AllFirst portfolio of companies will continue to operate and service local and regional customers through their various brands. AllFirst senior management will continue to lead these brands to continue the rapid expansion in key markets and regions. Read More>> DMG Bancshares, Inc. finalizes acquisition of Liberty Bancorp New and existing Liberty customers will have access to enhanced benefits, in the future, through new products and technology. Liberty Bancorp had total assets of USD 293 Mn, USD 216 Mn in loans, and USD 254 Mn in total deposits as of December 31, 2021. Read More>>Partnership Trustfolio partners with Equifax to support debt advisers with transaction data The company has partnered with Equifax to launch a new feature powered by Open Banking. The new Debt Adviser Support Portal feature will allow advisers to easily access bank transaction data in an income & expenditure-friendly format. Read More>>Executive Movement DBS Bank Hong Kong appoints Betty Lam as Managing Director and Head of HR In her new role, Betty will be kick-starting the development of the strategic people agenda and creating an inclusive and rewarding workplace for a more future-ready, innovative, and agile workforce for the Bank. Read More>>
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Latest Industry Insights from Draup Braindesk
TD Bank focuses on expanding its financial business capabilities by providing advanced mobile solutions such as digital mortgage, banking applications, and biometric authentication for banking.
TD Bank intends to implement a new credit card payments plan for customers to provide convenience and flexibility for cardholders to pay for their purchases.
TD Bank aims to embed commercial banking products and services into Enterprise Resource Planning and accounting software for business customers to automate financial management processes.
Toronto, Canada Area, serves as the key hotspot focusing on IoT, UI/UX Design, and Infrastructure Management Systems.
Application Development and Maintenance is the highly outsourced segment, holding approximately 51% of the total outsourcing headcount. IBM is the strategic outsourcing partner for Toronto-Dominion Bank.
Funding Alert
Bank of Baroda plans to raise up to USD 313 Mn
Bank of Baroda is planning to raise debt capital within its limit of USD 313 Mn by issuing bonds. The decision follows the Reserve Bank of India monetary policy committee’s move to raise the repo rate by 50 basis points to 5.40% to curb inflation. Read more>>
Startup Spotlight
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
HSBC Holdings plc Account Intelligence Report
HSBC Holdings focuses on the expansion of Wealth & Personal Banking and Sustainable Finance to make progress in executing their wealth management and insurance strategies. Read More>>
Intuit Account Intelligence Report
By leveraging Quick Online, Intuit aims to offer end-to-end financial services and analytics for business customers to access financial services. Read More>>
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