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Westpac sells Vendor Finance Arm to the Cerberus subsidiary for USD 430 million

Westpac is selling its Vendor Finance Unit to Angle Finance, the US-based asset finance firm of global private equity firm Cerberus Capital. Jason Yetton, CEO …

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Atom Bank is planning a £ 150 million shareholder financing round

British challenger Atom Bank plans to raise £ 150 million for a shareholder injection – the largest capital increase to date. BBVA has a 40% …

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Standard Chartered hires new global technology leader

Standard Chartered has hired former UBS executive Cat Rüst as its new global technology leader. Arm was at UBS for three years Armor joins the …

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UK Watchdog Green Light $ 5.3 Billion Visa Plaid Deal

The Competition and Market Authority (CMA) has given Visa the go-ahead for Plaid’s acquisition after an investigation. Visa aims to close the plaid deal in …

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JP Morgan is launching the UK digital lender early next year

JPMorgan Chase is preparing to launch its digital lender in the UK early next year. In the first quarter of 2021, the US banking giant …

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Wells Fargo resumes downsizing after the pandemic break

Wells Fargo resumed downsizing in early August after suspending layoffs in March due to the COVID-19 pandemic Reuters. The lender said in July it would …

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What about fintech? Episode 12 | Transformers: more than the AI ​​can do

The latest episode of the What about fintech? The podcast with Matt Sattler, head of the HSBC innovation laboratories, is made available to you remotely. …

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Belgium is investigating Credit Suisse for hidden accounts

The Belgian public prosecutor has opened an investigation by Credit Suisse. The investigation will reveal whether the bank helped around 2,650 Belgians hide their accounts …

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Lunar chooses Nordic API Gateway to enable account aggregation

Danish challenger bank Lunar has chosen the Nordic API Gateway to enable multi-banking functions, payments and account aggregation on their platform. Lunar claims to have …

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OakNorth Bank appoints Rajesh Gupta as new CFO

British challenger bank OakNorth has appointed Rajesh Gupta as its new Chief Financial Officer (CFO). Rajesh Gupta, OakNorth Bank’s new CFO Gupta comes from Kensington …

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The cooperative bank is planning 350 job cuts and 18 branch closings

The cooperative bank has announced plans to reduce its workforce by around 350 employees and to close 18 branches. The bank is closing a quarter …

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Nasdaq proposes alternative to fundraising IPO

Nasdaq has filed a proposal with US regulators to change the rules for going public Reuters. The exchange operator would like an alternative route to …

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The Indian ICICI Bank uses satellite data to check the creditworthiness of farmers

ICICI Bank, one of India’s largest banks, has started using satellite data to provide credit ratings for farmers. It is said to be the first …

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Barclays snaps up JP Morgan’s head of ECM Europe

Barclays investment bank division has hired JP Morgan’s Manuel Esteve as the head of its equity capital markets (ECM) in Europe. Esteve has been a …

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Mauritius Commercial Bank launches SME app powered by Backbase

Mauritius Commercial Bank (MCB) has gone live with a mobile app for small and medium-sized enterprises (SMEs) using Backbase technology. Backbase claims to have helped …

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Standard Chartered Korea brings banking to consumers’ keyboards

Standard Chartered’s Korean banking arm has partnered with Israeli fintech PayKey to embed banking into consumers’ keyboards. The bank says the partnership is part of …

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JP Morgan’s blockchain platform Quorum moves to Brooklyn

ConsenSys, a Brooklyn-based Ethereum software company, has acquired JP Morgan’s blockchain platform Quorum. JP Morgan has also made an undisclosed strategic investment in ConsenSys. Neither …

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CredoLab raises $ 7 million in Series A funds

Singapore-based digital credit rating company CredoLab has raised $ 7 million in a GBG-led Series A funding round. The startup has raised $ 10.1 million …

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Infographic: Creating standardised platform for Fortune 500 financial data services company

A Fortune 500 financial data services company was looking to migrate off its current HP platform and create a high-performance standardised platform. Coinciding with this …

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VPBank revamps treasury systems with Finastra

Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has separated its treasury ops from its core using Finastra technology. VPBank wants to issue new treasury products The …

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