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Westpac Banking to quit $425bn global remittance business Australia's Westpac Banking has agreed to quit from the $425bn global remittance business and close remitters' accounts after 31 March 2015. Banking Services > Payments > News
Scotiabank to expand operations in Peru By BBR Staff Writer
Scotiabank’s subsidiary in Peru has signed an agreement to acquire the retail and commercial banking operations of Citibank in Peru in a bid to expand its footprint in the region.
News Westpac Banking to quit $425bn global remittance business By BBR Staff Writer
Australia's Westpac Banking has agreed to quit from the $425bn global remittance business and close remitters' accounts after 31 March 2015.
News Tieto, MeaWallet and Chip Card to introduce mobile payments in Serbia In the near future, the processing centre Chip Card will be able to provide its customers in Serbia, Bosnia and Herzegovina and Montenegro with payment services through mobile devices using the integrated Tieto Card Suite and MeaWallet technical platform.
News
Payments Council announces government support for more information with payments The Payments Council, working with the payments industry, committed to exploring how options for richer data may feed into their ambition to deliver a world class payments system for the UK.
News Survey finds mobile channels dominate retail banking Bain & Company, in its fifth annual report on customer loyalty in retail banking, Going DigicalSM: Customers Love the Smart Fusion of Digital and Physical Assets, found that for the first time, mobile usage accounted for almost a third of all transactions in 13 out of 22 countries surveyed, and the share of survey respondents using mobile applications has risen by 19 percentage points in the past year.
News RBC announces addition of Host Card Emulation to mobile app RBC has announced the addition of Host Card Emulation (HCE) to the RBC Mobile app, allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.
News

Latest News and Insight by Sector

Banking Services

China Merchants Securities and three FCM Banks sign for Duco
London-based technology provider of hosted reconciliation services Duco has announced that the firm has, in the past five weeks, signed four financial institutions as new customers.
News
Scotiabank to expand operations in Peru
By BBR Staff Writer
Scotiabank’s subsidiary in Peru has signed an agreement to acquire the retail and commercial banking operations of Citibank in Peru in a bid to expand its footprint in the region.
News

Wealth & Assets Management

BNP Paribas announces new governance for corporate and institutional banking division
BNP Paribas has announced a new governance for its corporate and institutional banking division, previously called Corporate and Investment Banking.
News
Deutsche Bank selects AxiomSL regulatory reporting and capital calculations solution
Axiom Software Laboratories Inc. (AxiomSL), global provider of regulatory reporting and risk management solutions, announced today that Deutsche Bank has expanded its relationship and deployed the firm’s robust and flexible regulatory reporting platform and capital calculations solution in the United States following the implementation of the firm’s technology in the Asia Pacific region.
News

Intermediaries

Commerzbank to close FXPB business
By BBR Staff Writer
German banking and financial services company Commerzbank plans to close its Foreign Exchange Prime Brokerage (FXPB) business in an effort to reallocate resources in its Market Services business.
News
Cebulon selects Tbricks derivatives trading platform
Cebulon, the Amsterdam-based derivatives market maker, has selected Tbricks as the backbone of their market making and derivatives trading business.
News

Technology

SIFMA submits cybersecurity testimony to Senate Banking Committee
SIFMA today released the following excerpts from a testimony submitted to the Senate Banking, Housing, and Urban Development Committee's hearing entitled "Cybersecurity: Enhancing Coordination to Protect the Financial Sector":
News
Mercantile Bank selects primatics to provide acquired accounting and valuation services
Primatics Financial was selected by Mercantile Bank to implement its EVOLV software solution to efficiently and cost-effectively manage the loan accounting and credit analysis for Mercantile’s integration with Firstbank.
News

Policies & Regulatory Compliance

MEPs secure deal to cap card payment fees
The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across in the EU folloing a deal struck by Economic and Monetary Affairs Committee and Council negotiators.
News
BTG Pactual’s Chilean unit secures license to initiate banking operations
By BBR Staff Writer
The Chilean unit of independent investment bank Grupo BTG Pactual has secured a permanent banking license from Chile's banking and financial institutions regulator SBIF. This would enable the unit to initiate banking activities in the country by the end of January 2015.
News

Risk Management

Bank of England completes stress test for UK banks
By BBR Staff Writer
The Bank of England has announced that there was substantial variation across the banks and building societies after completing an EU-wide stress test.
News
China to inject $65bn into banking system
By BBR Staff Writer
In an effort to pump more cash into the banking system, the People's Bank of China (PBoC) is pumping about CNY400bn ($65bn) through China Development Bank.
News

Australia Construction Equipment: Market Update 10 November 2013 This report is the result of Timetric’s extensive market research covering the construction equipment market in Australia. It contains detailed data on market dynamics along with latest industry happenings and leading industry players. "Australia Construction Equipment: Market Update" provides a top-level overview and detailed insight into the operating environment of the construction equipment market in Australia. It is an essential tool for companies active across Australia construction value chain and for new players considering to enter the market. Reports Buy online from $700