Open banking unleashes business lending race
The UK’s open banking directive is starting to propel SME growth and is having a cascading effect on European banking...
Category : Banking
UOB taps into $10 bn Asean millennials market with neobank TMRW
The bank says that 70% of ASEAN consumers demonstrate high ecommerce engagement...
Kenya’s National Bank gets a Sh5bn lifeline from KCB Group
With a staggering Sh32bn in non-performing loans, the National Bank of Kenya was struggling to stay afloat...
Tonik receives digital banking licence in the Philippines
The neobank startup will be the first pure play digital-only bank in Southeast Asia...
Egypt’s overdue banking act forwarded to legislature
The much-awaited banking law monitors digital payments and financial technologies...
Tokio Marine pumps in US$370 million into joint venture in Brazil
Tokio Marine will control 50.01 percent of the Brazilian joint venture...
UBS to cut 500 jobs equal to 2% of global wealth workforce
UBS’ decision is aimed at reviving its business and strengthening regional units...
Temasek firm consortium to bid for virtual bank licence
Sheng Ye Capital-led consortium applies for one of three wholesale digital bank licences in Singapore...
NCBA Bank demands acceleration of Kenyan banking consolidation
The bank’s push to increase minimum capital is targeted at driving takeovers in the country...
United Gulf buys Burgan Bank’s 51.8% stake in Bank of Baghdad
The deal is anticipated to reduce non-performing loans by nearly KWD 34 million...