Centre setup and Expansion
JPMorgan (JPM) fortifies its presence
JPM is midway through its process to open 400 new branches, gearing up to become the first US bank to have a brick-and-mortar presence across all states, other than Alaska and Hawaii. Read More>>
Bank of Queensland: BOQ set to open first branch in Adelaide with one-of-a-kind concept The Adelaide BRC (Banking Relationship Centre Plus) will offer support to customers with their more complex banking needs, including home and small business lending, personal lending, credit cards, savings accounts and insurances. Read More>>
Standard Chartered launches Express Banking Centre in Lobatse
The Express Banking Centre, located at the Hillside Mall in Lobatse, is one of four in the entire country and the first that is powered by solar energy and partially constructed from a previously used shipping container. Read More>>
Deals and Deal Renewal
Visa inks deal with Goldman for global corporate payments
These solutions will enhance Goldman’s cross-border business-to-business (B2B) and business-to-consumer (B2C) payments program for high and low-value payments. Read More>>
9Spokes International signs three-year contract with Virgin Money UK
Under the contract, 9Spokes will deliver to VMUK its platform comprising its Track, Connect and Explore offers for the bank’s server message block (SMB) customers and banker serving products, as well as Engage and Monitor for loan applications and management. Read More>>
DNB signs three-year, EUR 200 Mn deal with TietoEvry
The agreement represents a contract framework with a value of around EUR 200 Mn over three years and serves to strengthen TietoEVRY’s position as a leading Nordic supplier of banking technology. Read More>>
Partnerships
EDB, RAKBANK sign MoU on SME financing options, credit guarantees
Under the agreement, RAKBANK can offer up to AED 10 Mn financing to small and medium-sized enterprises (SMEs), and 50 percent of the facility amount will be either guaranteed or co-lent by EDB. Read More>>
Morgan Stanley and Microsoft partner for technology modernization
Working with Microsoft, Morgan Stanley wants to be able to meet its clients in the cloud in a way that is safe, secure and efficient. Read More>>
Japan’s Aozora Bank teams with Singaporean venture lender Genesis
The partners will share investment and lending opportunities in Japan and Southeast Asia. Aozora Bank is already considering helping several portfolio companies of Genesis, possibly supporting them in launching operations in Japan or investing in them. Read More>>
Mergers and Acquisitions
Deluxe completes acquisition of First American Payment Systems
With the addition of the First American omnichannel payments platform, Deluxe immediately becomes a scaled and leading provider in the strong, secular growth merchant services market. Read More>>
Ares Management Corporation completes acquisition of Landmark Partners
With more than USD 19.6 Bn in assets under management as of March 31, 2021, Landmark provides private equity, real estate, and infrastructure secondaries solutions for institutional investors. Read More>>
Executive Movement
Pleo appoints chief revenue officer
As President of FreshWorks Europe, Arun Mani was responsible for launching the EMEA business, building a team of 150+ people from scratch. Read More>>
Northwestern Mutual – Nebraska appoints Jennifer Brase to managing partner
As managing partner, Brase will oversee the firm’s sales, operations, recruitment, development and growth, and spearhead strategic initiatives. Read More>>
Hitendra Dave new India CEO, Rosa co-head of HSBC Asia Pacific
Dave, who is formerly the head of global banking & markets of HSBC India, has almost 30 years of work experience in the Indian Financial Markets, of which the last 20 was with HSBC. Read More>> |