International Finance

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Banking

Euronet Worldwide acquires UK-based ATM operator YourCash

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...
FinanceWealth Management

The transfer of trust

Paving the path for generational succession October 7, 2016: With almost two decades of experience and expertise, Kuwait-based KAMCO Investment Company’s Wealth Management Team has developed a comprehensive and consistent understanding of client expectations. The team effectively utilise their resources to deliver superior custom-made products and services that help clients reach their investment goals. By...
Banking

Mobile authentication: Entersekt is ahead of the game

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...
FinanceWealth Management

Allianz, IFC to invest in infrastructure projects

The partnership will focus on emerging markets October 6, 2016: Allianz Group and International Finance Corporation (IFC), a member of the World Bank Group, have signed a partnership under the Managed Co-Lending Portfolio Program (MCPP). Under the agreement, Allianz intends to make an investment of $500 million which will be co-invested alongside IFC debt financing...
Banking

ING to shed 7,000 jobs

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....
Fintech

PwC reports revenue growth of $35.9 billion

Total workforce count reaches new record October 4, 2016: The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC’s total global revenues rose by over 7%. “The strength of our brand, the opportunities we provide for our people,...
Banking

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

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....
Fintech

Ecommerce: Fraud by customers on the rise

Buyers increasingly using chargeback option to get refund for their products Suparna Goswami Bhattacharya October 3, 2016: Online merchants are facing a new problem — fraud by customers. Firms are increasingly facing malicious activity in the form of chargeback or friendly fraud. According to Visa, chargeback fraud has been growing at around 41% every year,...