Asset Management
CBD launches core banking services for virtual asset service provide
Commercial Bank of DubaiCommercial Bank of Dubai, CBD (CBD) has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage client money and regulatory prudential requirements.
In recent years, Dubai has emerged as a regional and global hub for...
Cards & Payments
Russia Races to Legalize Crypto as Sanctions Weigh On Firms
Russian lawmakers approved legislation that enables companies to utilize cryptocurrencies for international trade transactions. This move is part of Russia's efforts to circumvent Western sanctions imposed following its invasion of Ukraine.
The legislation is anticipated to take effect in September,...
Financing
UniCredit to acquire Vodeno and Aion Bank in €370m deal
UniCredit has agreed to acquire the entire share capital of Vodeno and Aion Bank in a deal worth approximately €370m. Based in Poland, Vodeno is a fintech company providing banking-as-a-service (BaaS) solution. Aion Bank, on the other hand, is a...
Cards & Payments
ACI Worldwide Extends Strategic Partnership with Worldpay
ACI Worldwide, a global leader in mission-critical, real-time payments solutions, and Worldpay, a leading global provider of payment processing solutions announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay...
Banking
Kenyas Diamond Trust Bank taps Network International for digital payment solutions
Kenya’s Diamond Trust Bank (DTB) has partnered with Network International, a digital payments company serving the Middle East and Africa (MEA) region, as the bank looks to “reinforce” its digital-first strategy by expanding its digital payment product range.
The new...
Financing
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Italian bank UniCredit has inked a binding agreement to acquire Belgian digital native Aion Bank and Banking-as-a-Service (BaaS) provider Vodeno for the sum of approximately €370 million.
The Milan-based commercial bank says its purchase brings a “next generation core banking...
Cards & Payments
Addition Financial Credit Union Launches New Best-in-Class Digital Banking Experience with Lumin Digital
Addition Financial Credit Union is excited to announce the launch of their new innovative, state-of-the-art digital banking platform in partnership with Lumin Digital, a leading provider in cloud-based digital banking.
With the new digital banking experience, Addition Financial will provide...
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