International Finance

Category : Banking

Lloyds Bank to cut 3,000 jobs

This follows Britain’s decision to quit the European Union July 28, 2016: Lloyds Banking Group is set to cut 3,000 jobs and shut 200 branches as it prepares for a cut in interest rates following Britain’s decision to quit the European Union, it said. The bank, which is 9 per cent owned by the government,...

Financial Town demonstrates mobile video banking feature

CEO Gene Pranger offers inside look at BankOn Mobile Video July 22, 2016: Financial Town demonstrated the banking industry’s first overseas mobile video transmission at the 2016 World Credit Union Conference in Belfast, the capital and largest city of Northern Ireland. The broadcast, from Belfast to the United States, marks the first mobile video banking call...

Allied Irish Bank secures cloud use for 15,000 employees with Skyhigh Networks

Skyhigh helps bank identify 2,500 cloud services and secure its IT June 13, 2016: Skyhigh Networks, the leading Cloud Access Security Broker, announced its successful deployment at Allied Irish Bank (AIB), giving the bank even greater ability to monitor and secure cloud adoption across its IT estate. In the wake of high profile data breaches...

‘Odeabank stays ahead by using advanced technology’

An interview with Hüseyin Özkaya, CEO of Odeabank June 29, 2016 : Where does Odeabank stand in Turkey’s banking sector? Seizing the competitive edge through its distinctive advantages, such as effective risk management principle, strong shareholder base, experienced and committed personnel aspiring to success as well as efficient technological infrastructure, today Odeabank is ranked number 9...

Wirecard and Verifone partner to bring payment services

Collaboration to expand POS market in Asia Pacific June 24, 2016: Wirecard AG, a global financial and technology company and Verifone, an American MNC which provides technology for electronic payments, have entered into a strategic alliance to rapidly expand the point-of-sale market in Asia Pacific beginning with Indonesia. As the world’s fourth most populous country, Indonesia...

Société Générale and La Banque Postale to expand their joint venture

The two banks will merge their payment systems in a partnership with Sopra Banking Software June 22, 2016: Société Générale, a French multinational banking and financial company and La Banque Postale, a French bank, have signed a memorandum of understanding to expand the operations of their joint venture Transactis, from card transactions to European and...

‘Banks in Ukraine have experienced increase in volume’

Olexandr Dubilet, Chairman of the board of PrivatBank, on how the bank is coping with the turmoil in the region Suparna Goswami Bhattacharya May 17, 2016 How is the financial sector doing in the context of the current political and economic instability in Ukraine? The economic situation in Ukraine is determined by several factors. First,...

LCP brings in former FTSE chairman as property fund director

Richard Crowder has experience in growing securities, banking, investment and advisory May 6, 2016: As part of its continued commitment to the highest levels of regulatory oversight, leading Central London property fund and asset management specialist, London Central Portfolio (LCP), is delighted to announce the appointment of Richard Crowder, an experienced FTSE 250 Chairman, as a...

KBL epb expands UK and Dutch operations

Announces acquisition of Insinger de Beaufort April 14, 2016 : KBL European Private Bankers (KBL epb) – a pan-European network of private banks, present in the UK via its affiliate Brown Shipley – announced that it has entered into a preliminary agreement to acquire Insinger de Beaufort, a leading private bank in the Netherlands that...

Deposit Solutions appoints Max von Bismarck as CBO and MD

FinTech company accelerates Europe-wide rollout April 14, 2016: Deposit Solutions, the first open architecture platform for retail savings deposits and operator of ZINSPILOT, has strengthened its leadership team with Max von Bismarck as Chief Business Officer and Managing Director. Von Bismarck will work alongside founder Dr. Tim Sievers to support him with the international expansion...