1-15 of 91 results
South Korea approves first internet-only banks
South Korea’s Financial Services Commission (FSC) has given its consent to consortia led by Kakao and KT Corp, to establish internet-only banks in the country.
Banking Services > Online Banking > News
Banking Services > Online Banking > News
EU approves EUR2.72bn aid to Greek’s Piraeus Bank
The European Commission has approved €2.72bn in state aid for Greece’s Piraeus Bank, following a capital assessment by the European Central Bank's Single Supervisory Mechanism (SSM).
News
News
RCS Capital announces appointment of new general counsel
RCS Capital Corporation announced today the appointment of Mason L. Allen as the Company's General Counsel, effective immediately. Mr. Allen succeeds James A. Tanaka, who previously held the position.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Stanbic IBTC bank signs first international syndicated loan market transaction
Stanbic IBTC, a subsidiary of Stanbic IBTC Holdings Plc, which belongs to the Standard Bank Group, has secured its debut syndicated term loan facility in an amount of $103,000,000
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
HSBC to close private banking unit in India
HSBC is reportedly planning to terminate its private banking operations in India in 2016 in the wake of intense competition in the Asia's third-largest economy.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
Zagame Automotive becomes Rolls-Royce dealer for Melbourne
Rolls-Royce Motor Cars is delighted to confirm the Zagame Automotive Group as its newly appointed dealer for Melbourne, Victoria.
News
News
Warburg Pincus and General Atlantic to acquire 49% stake in Network International
Private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in payment solutions provider Network International from Abraaj Group.
Technology > Banking Technology > News
Technology > Banking Technology > News
75% of banks focus on sales over customer service
Banks continue to face challenges when driving customer sales and acquisition via digital channels – according to new global retail banking study published today by Misys and Efma.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
Western Union Business Solutions launches new risk management solutions
Western Union Business Solutions,today announced the launch of a new range of Risk Management Solutions, to make it easier for SME’s to run their businesses in the Czech Republic.
News
News
PIMCO slaps lawsuit against Citigroup over defective mortgage-backed securities
Pacific Investment Management Company (PIMCO), along with other investors, has filed a lawsuit against Citigroup for allegedly failing to monitor $13.8bn worth of mortgage-backed securities.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Credit Suisse wins approval to offer securities brokerage services in China
Credit Suisse Founder Securities (CSFS), a Sino-Foreign joint venture (JV) securities company set up by Founder Securities and Credit Suisse in China, has secured approval from the China Securities Regulatory Commission to provide securities brokerage services in Shenzhen Qianhai.
Intermediaries > Prime Brokerages > News
Intermediaries > Prime Brokerages > News
KongZhong to sell parts of its stake in Ourgame for $30.9m
KongZhong Corporation (the "Company"), a leading online games publisher and developer in the PRC, today announced that its board of directors has approved the sale of a portion of its shareholding in Ourgame International Holdings Limited ("Ourgame") to Glassy Mind Holdings Limited.
News
News
Opus Bank announces closing of secondary offering
Opus Bank (“Opus”) announced today the closing of an underwritten secondary public offering of 5,479,452 shares of its common stock by investment funds affiliated with Fortress Investment Group LLC; Elliott Associates, L.P.; Starwood Capital Group Global, L.P.; Abrams Capital Management L.P.; PMG Ventures Holdings, L.P.; and Mount Kellett Master Fund II, LP (collectively, the “Selling Stockholders”).
Banking Services > Payments > News
Banking Services > Payments > News
BBR White Paper Recommendations
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
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