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Barclays reaches split deal with African subsidiary Barclays has agreed to pay Barclays Africa nearly $1bn to fund investments required for it to split from its African business. Banking Services > Retail Banking > News

Latest Banking Services News by Sector

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Retail Banking

SoFi raises $500m for global expansion
US based finance company SoFi has signed a definitive agreement to raise $500m in Series F financing led by Silver Lake, a technology investor.
Banking Services > Retail Banking > News
Barclays reaches split deal with African subsidiary
By BBR Staff Writer
Barclays has agreed to pay Barclays Africa nearly $1bn to fund investments required for it to split from its African business.
Banking Services > Retail Banking > News

Commercial Banking

Wells Fargo to integrate international business into wholesale banking
Wells Fargo has announced that it will integrate its international banking business into wholesale banking unit, as part of its efforts to simplify operations.
Banking Services > Retail Banking > News
De Surinaamsche Bank teams up with Fiserv to upgrade core banking platform
Fiserv has announced that De Surinaamsche Bank (DSB), a commercial bank in Suriname, has extended and expanded its long-standing relationship with Fiserv.
Banking Services > Commercial Banking > News

Online Banking

SoFi acquires mobile banking services firm Zenbanx
SoFi announced that it has acquired Zenbanx, a Delaware-based fintech firm providing multi-currency mobile banking services in the United States and Canada.
Banking Services > Retail Banking > News
Citi to invest additional $1bn in Mexican unit
By BBR Staff Writer
Citigroup has announced that it will invest over $1bn in its Mexican unit, Banamex, to expand digital banking services and deploy additional ATMs.
Banking Services > Retail Banking > News

Cards

UK competition watchdog to probe Mastercard’s acquisition of VocaLink
The Competition and Markets Authority (CMA) is set to probe Mastercard’s acquisition of VocaLink after finding that it will lead to reduced competition in the UK payment infrastructure services.
Banking Services > Payments > News
SIA acquires UniCredit’s card processing activities in Italy, Germany and Austria
By BBR Staff Writer
SIA has acquired the card processing activities of UniCredit Business Integrated Solutions (Ubis) in Italy, Germany and Austria for €500m.
Banking Services > Cards > News

Payments

Estonia’s Bigbank chooses Accuity to streamline account and payments screening processes
Estonia-based Bigbank has chosen Accuity to optimize its account and payments screening processes as well as help it in identification of financial crime risk.
Banking Services > Retail Banking > News
International Bank of Qatar to license TSYS’ payment solutions platform
International Bank of Qatar (ibq) has agreed to license TSYS’ future-focused PRIMESM payment solutions platform.
Banking Services > Payments > News