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Banking Business Review

Standard Chartered to axe 10% jobs in corporate and institutional banking business Standard Chartered is reportedly planning to cut 10% of the jobs in its global corporate and institutional banking units, as part of its efforts to reduce costs. Banking Services > Retail Banking > News
Visa to buy CardinalCommerce to secure digital commerce Visa has announced an agreement to acquire CardinalCommerce, a company offering e-commerce payment authentication solutions.
Banking Services > Payments > News Mastercard introduces selfie payment authentication in Latin America Mastercard Identity Check Mobile allows cardholders to authenticate online payment by scanning their fingerprint or by taking a selfie.
Banking Services > Payments > News Harbin Bank partners with Austreme to manage cross-border payment transactions Harbin Bank has signed the Transaction Laundering Detection (TLD) Service Agreement with Austreme to prevent unauthorized merchants from using registered merchant accounts to submit transactions.
Banking Services > Payments > News
W.UP rolls out mobile banking solution for banks to go digital W.UP has announced the public release of MOBILE.UP, a pre-built mobile banking product – which is also a development framework – for rapid development of native mobile banking applications.
Banking Services > Retail Banking > News Standard Chartered to axe 10% jobs in corporate and institutional banking business Standard Chartered is reportedly planning to cut 10% of the jobs in its global corporate and institutional banking units, as part of its efforts to reduce costs.
Banking Services > Retail Banking > News Calypso, R3 partner to build blockchain trade confirmation system Calypso Technology has become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform.
Intermediaries > ECN & Exchanges > News

Latest News and Insight by Sector

Banking Services

Visa to buy CardinalCommerce to secure digital commerce
Visa has announced an agreement to acquire CardinalCommerce, a company offering e-commerce payment authentication solutions.
Banking Services > Payments > News
Mastercard introduces selfie payment authentication in Latin America
Mastercard Identity Check Mobile allows cardholders to authenticate online payment by scanning their fingerprint or by taking a selfie.
Banking Services > Payments > News

Wealth & Assets Management

United Community Financial to acquire Ohio Legacy
By BBR Staff Writer
United Community Financial and Ohio Legacy have jointly announced that they have entered into a definitive agreement and plan of merger pursuant to which UCFC will acquire Ohio Legacy, parent of Premier Bank & Trust.
Wealth & Assets Management > Asset Management > News
Wells Fargo to acquire Analytic Investors
By BBR Staff Writer
Wells Fargo Asset Management and Analytic Investors announced that they have signed a definitive agreement for WFAM to acquire Analytic, an investment firm with $15bn in assets under management.
Wealth & Assets Management > Asset Management > News

Intermediaries

Calypso, R3 partner to build blockchain trade confirmation system
Calypso Technology has become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform.
Intermediaries > ECN & Exchanges > News
Bank of America Q2 profit falls 19%, led by low rates
By BBR Staff Writer
Bank of America has reported 19% decline in its net income for the second quarter of this year, as it continues to struggle with prolonged low interest rate period.
Banking Services > Retail Banking > News

Technology

Swift hires cybersecurity firms to check fraud
By BBR Staff Writer
Interbank messaging network Swift has hired expert cyber security firms BAE Systems and Fox-IT to probe security incidents within customer environments.
Banking Services > Payments > News
Russia’s central bank forms blockchain research consortium
By BBR Staff Writer
Russia’s central bank has formed a blockchain research consortium by partnering with some of the privately-owned banks in the country.
Banking Services > Retail Banking > News

Policies & Regulatory Compliance

Redwood submits banking licence application to UK authorities
Acorn Financial Partners, a new venture founded and led by Jonathan Rowland, announced that it has submitted a banking licence application to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Banking Services > Retail Banking > News
Amicus applies for banking licence in UK
Amicus Finance announced that it has submitted a banking licence application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
Banking Services > Retail Banking > News

Risk Management

IBM completes acquisition of Promontory Financial
IBM announced it has completed the acquisition of Promontory Financial Group, a global risk management and regulatory compliance consulting firm.
Risk Management > News
Blom Bank selects Wolters Kluwer for risk management solutions
By BBR Staff Writer
Blom Bank, a Lebanese bank, has chosen Wolters Kluwer’s OneSumX to provide it operational risk software solution.
Banking Services > Retail Banking > News