Saturday, Mar 21, 2026

International Finance

Category : Banking

BankingFinance

Amicus applies for banking licence

International Finance Desk
by International Finance Desk
May receive licence in 2017 October 19, 2016: Amicus Finance, a leading specialist financial services group, announced that it has submitted a banking licence application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).  Subject to authorisation it anticipates receiving its banking licence in 2017. The new banking licence will enable Amicus...
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BankingFinance

Redwood submits banking licence application

International Finance Desk
by International Finance Desk
Initially, focus will be on UK SMEs in Hertfordshire, Bedfordshire and Buckinghamshire October 17, 2016: Acorn Financial Partners (AFP), 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).  On authorisation AFP will be called...
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Banking

Georgia’s TBC Bank slashes loan decision time

International Finance Desk
by International Finance Desk
Using software from analytic software firm FICO October 12, 2016: TBC Bank, a leading universal Georgian bank, has substantially reduced the time needed to make decisions on credit applications, using software from analytic software firm FICO. TBC Bank, which recently installed FICO® Origination Manager 4.5, announced that it has cut credit decisions and disbursement down...
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Banking

Swiss bank loses Singapore banking licence

International Finance Desk
by International Finance Desk
But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...
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Banking

Euronet Worldwide acquires UK-based ATM operator YourCash

International Finance Desk
by International Finance Desk
Adds 5,000 ATMs across the UK, Netherlands, Belgium and Ireland October 11, 2016: Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global electronic payments provider, has completed the acquisition of UK-based ATM operator YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the UK, Netherlands, Belgium and Ireland. With the addition of YourCash, the combined businesses...
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Banking

Mobile authentication: Entersekt is ahead of the game

International Finance Desk
by International Finance Desk
The South African company goes beyond SMS and one-time password options Tom Jackson October 7, 2016: Patience has proven a virtue for Entersekt and its founders, because as the world moves away from SMS and one-time password options, its innovative mobile authentication solutions have taken it into 45 countries worldwide, with offices in Atlanta in...
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Banking

ING to shed 7,000 jobs

International Finance Desk
by International Finance Desk
Jobs cuts to mainly take place in Belgium and The Netherlands IFM Correspondent October 4, 2016: Dutch bank ING, the country’s biggest lender, announced plans to shed 7,000 jobs, mainly in Belgium and The Netherlands. The plan is part of cost cutting measure for the company, which will help it save $1.01 billion by 2021....
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Banking

ADIB brings new generation of digital banking to UAE

International Finance Desk
by International Finance Desk
This will be region’s first community based digital bank October 4, 2016: Abu Dhabi Islamic Bank (ADIB), a top-tier financial services institution, has partnered with Fidor Bank to launch the first ‘community based digital bank’ in the UAE. The new platform is designed to fit the lifestyle of millennial consumers also known as Generation Y,...
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Banking

‘Now, we have to deliver even more than expected’

International Finance Desk
by International Finance Desk
Interview with Cezary Kocik, Vice-President of the Management Board, Head of Retail Banking, mBank Suparna Goswami Bhattacharya October 3, 2016 What factors led the transition of BRE Bank from a corporate bank to retail banking and eventually mBank? When BRE Bank decided to establish its retail business, Poland was just past a decade of transition....
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Banking

Qumram launches fully-compliant WhatsApp social media record-keeping

International Finance Desk
by International Finance Desk
It enables financial services firms to meet client demand for social media interaction without compromising compliance. September 30, 2016: Qumram, a leading global provider of digital compliance and risk management solutions for the financial services industry, has unveiled a solution for recording end-to-end encrypted social media interactions, via WhatsApp. Following its September debut at FinovateFall...
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