News

Virgin Money Australia, owned by Bank of Queensland (BOQ), has selected Temenos, a Switzerland-based banking software firm, as its digital banking technology partner. Temenos, the provider of cloud-native, cloud-agnostic banking software, will offer a single, upgradeable, digital SaaS platform, to...

Swiss Re and Microsoft Corp. announced a strategic alliance to further advance insurance innovation and extend financial protection to more people globally. The centrepiece of the strategic alliance is the launch of Swiss Re’s Digital Market Center, which will...

New Jersey-based Provident Bank’s parent company Provident Financial Services has agreed to acquire SB One Bancorp in a deal worth $208.9m. SB One Bancorp is the holding company for SB One Bank, a full-service, commercial bank that operates regionally with...

The announcement from the State Bank of India follows the reconstruction scheme chalked out by the Reserve Bank of India for the financially troubled Yes Bank The State Bank of India said that its board has approved the state-run lender’s...

Mastercard’s Pay on Demand platform is designed to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos to holistically solve issues that have limited device financing in emerging markets Mastercard announced a global partnership with Samsung...

The Jamii Bora Bank is particularly engaged in micro, small and medium enterprises (MSME) banking and microfinance. The Co-operative Bank of Kenya (Co-op) has proposed to acquire 100% of Kenyan commercial bank Jamii Bora Bank (JBB) for an undisclosed...

The acquisition of F&G will diversify the cash and income streams of Fidelity National Financial away from title insurance Fidelity National Financial (FNF), a US title insurance company, has agreed to acquire FGL Holdings (F&G), a fixed indexed annuities and...