Banking

NatWest Group has entered into a strategic partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (“BaaS”) business in the UK. This strategic partnership will enable businesses to...

Oracle and HSBC, one of the world’s largest financial services organizations, announced a strategic collaboration to accelerate the bank’s digital transformation. Under the multi-year agreement, HSBC will upgrade and migrate select database systems to Oracle Exadata Cloud@Customer, a cloud platform...

Wells Fargo & Co. has partnered with Google LLC’s cloud business to build an artificial intelligence-powered virtual assistant that will help consumers with banking tasks. The companies announced the partnership today. The bank’s new virtual assistant, which is known as...

On October 17th, China's central bank extended aging medium-term policy loans while maintaining the interest rate at its current level for a second month, adding credence to forecasts that conditions will remain loose to support the pandemic-affected economy. The rate...

The Reserve Bank of Australia has issued a warning that more bankruptcies in the home building sector are inevitable as builders struggle with escalating prices. Due to a sharp increase in expenses, as well as labour and material constraints...

The Spanish government and banks came to an agreement on a plan of action on October 7th to ensure financial services to sparsely inhabited rural villages and to mitigate the effects of growing mortgage rates on the most vulnerable. Every Spanish...

Ahead of a rate-setting meeting on September 22, the governor of the Philippine central bank indicated on Sept. 2 that the size of a widely anticipated increase in US interest rates this month will be a large determinant in...