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Aozora Bank to acquire 15% stake in Vietnamese lender OCB Bank

The Japanese bank, through the alliance with OCB Bank, plans to promote new investment banking and on-line banking operations in Vietnam. Aozora Bank, a Japanese commercial bank, is set to acquire a stake of 15% in Vietnamese mid-sized bank Orient...

TCF Bank to sell Arizona branches to Alaska USA Federal Credit Union

TCF National Bank (TCF Bank) has agreed to offload its branches in Arizona along with its deposits and certain related assets to Alaska USA Federal Credit Union for an undisclosed amount. The transaction will involve TCF Bank’s seven branches in...

KPMG partners with nsKnox to develop anti-fraud cyber solution

The KPMG Secure Payments solution is intended to address the key vulnerabilities that could arise in the payment chain. Israel-based cyber security company nsKnox has partnered with consulting firm KPMG to develop KPMG Secure Payments, a new anti-fraud cyber solution...

Certua acquires insurtech Surely Group

Certua, the data-driven financial technology company, is acquiring the Surely Group, the insurtech firm. This follows the launch of Certua’s enterprise insurance platform last year, which enables distributors to simply plug in via API and tightly integrate into Certua’s platform. The...

Montreal Fintech FlexPay raises $6m from Impression Ventures and BMO Capital Partners

FlexPay delivers the world's highest AI-driven decline salvage rates for eCommerce subscription-based merchants, by pairing powerful technology with proprietary data FlexPay—which uses AI and machine-learning to help merchants recover lost revenues from declined transactions—is proud to announce they raised $6...

Nomura to acquire investment banking firm Greentech Capital Advisors

The proposed acquisition is expected to provide Nomura’s existing client base with additional access to deep domain expertise. Japanese financial firm Nomura will acquire Greentech Capital Advisors, an investment banking firm that serves clients across energy, industrial, and resource infrastructure. The...

Marsh & McLennan buys UK insurance firm JLT in $5.6bn deal

FTSE 250 insurance firm JLT has accepted a $5.6bn (£4.3bn) takeover offer from US financial services giant Marsh & McLennan. Shares in JLT, which employs more than 4,000 people in the UK, soared 32 per cent in early trading on...

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