Russian Court Hands Sberbank Victory in Debt Recovery Case Against Former UK Investment Arm
A Russian court has ruled in favor of Sberbank in a significant debt recovery case involving its former UK investment arm, securing a major legal victory for the Russian banking ... Read More
Foreign Banks Eye Swiss Market After UBS Acquires Credit Suisse
Following UBS's acquisition of Credit Suisse, foreign banks are increasingly targeting Switzerland, seeking to capitalize on market opportunities amid the reshaped financial ... Read More
Major US Banks Exercise Caution on Shareholder Payouts Amid Economic Uncertainty
Big US banks are expected to adopt a cautious approach toward shareholder payouts due to economic uncertainties and regulatory pressures, focusing on strengthening their balance sheets and capital reserves to navigate potential financial ... Read More
Commerzbank Teams Up with Pliant to Launch Cutting-Edge Digital Credit Cards for Businesses
Commerzbank and Pliant are collaborating to introduce digital credit cards tailored for businesses, promising enhanced financial management capabilities and ... Read More
Fiserv Welcomes Takis Georgakopoulos as Senior Advisor, Strengthening Leadership in Payments Sector
Fiserv has appointed Takis Georgakopoulos, former JP Morgan Payments head, as its new senior advisor, aiming to bolster its position in the competitive payments ... Read More
FreeBnk Collaborates with E Money Network to Introduce Blockchain-Based IBANs
FreeBnk has partnered with E Money Network to introduce blockchain-integrated International Bank Account Numbers (IBANs), aiming to enhance security, efficiency, and transparency in international ... Read More
Verituity Secures $18.8M Investment to Boost Verified Payout Solutions
Verituity secures $18.8 million in Series B funding to advance their verified payout solutions, aimed at enhancing payment transparency and security for businesses across ... Read More
New FinCEN Anti-Money Laundering Rules: How RIAs and ERAs Are Adapting
The latest FinCEN anti-money laundering (AML) requirements have significant implications for Registered Investment Advisors (RIAs) and Exempt Reporting Advisers (ERAs), necessitating strategic adjustments to compliance ... Read More
Allianz Acquires 2% Stake in China’s Leading Pension Firm, Marking a Strategic Investment Move
German insurer Allianz SE has acquired a 2% stake in China’s largest pension company, reinforcing its commitment to the growing Chinese market and enhancing its global presence in the financial ... Read More
Legacy Systems and Conservative Culture Hinder Digital Transformation of Traditional Banks
Legacy systems and conservative mindsets are major obstacles for traditional banks attempting digital transformations. These challenges impede the success of their digital spin-offs, preventing them from effectively competing with agile ... Read More