JP Morgan receives approval from ADGM to upgrade licence, plots UAE expansion
The US banking giant is aiming to boost its presence and service offerings in the UAE.
The US banking giant is aiming to boost its presence and service offerings in the UAE.
ASR first acquired the brand in July this year after buying up Aegon’s domestic operations in the Netherlands.
Loans are anticipated to range from $6.6 million to $19.8 million.
Forsberg is expected to form and execute a strategy for Froda’s loan products and embedded finance operations.
The ECB says residential and commercial real estate markets face “downside surprises” due to inflation.
Reuters reports that the bank’s managers are looking to increase profitability and are reviewing proposals.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Blacksmith claims to have specifically tailored the platform for SEB following a year-long pilot project.
Savidge previously served in several high profile roles at JP Morgan Payments, most recently as managing director.
The SME-focused challenger landed its UK banking licence with the FCA and PRA in March.
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
With the new licence, Commerzbank aims to build up a range of digital asset services, with a focus on crypto assets.
The bank says the platform will enable it to deliver “affordable term loans” directly to its SMB customers.
The bank is adopting Mastercard’s transaction risk management technology to tackle payment fraud.
O’Connor joined the bank five months ago following GoSimpleTax’s acquisition of Coconut.
Woodhead joins from 10x Banking, where he worked for over five years following a decade-long stint at Barclays.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Erny succeeds outgoing president and CEO Jim Spradlin, who is retiring after 29 years at the credit union.
The bank’s new portal will service its corporate clients with digital workflows and host-to-host integration solutions.
The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, participated in the raise.
The bank is reportedly planning to close around 250 of its 550 Postbank branches within the next three years.
Satang Corporation is to be rebranded as Orbix Trade Company with three new subsidiaries.
The group aims to make use of Oracle’s enterprise performance management and planning functions.
Greener’s business solution was launched earlier this month following its seed funding round.
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
Dr Henry Balani of Encompass Corporation discusses the impact of the review on the UK banking system.
The new system will initially only be available to US-based commercial clients.
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Temenos has been gaining a foothold in Vietnam, with 24 other Vietnamese banks now running on the firm’s platform.
The deployment forms part of the bank’s core banking replacement project ‘Cosmos’.
The bank intends to migrate at least half of its business operations to the cloud by 2024.
Brown is due to depart the Michigan-based online bank on 31 January 2024.
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
The bank has been running on iMAL since 2010.
The in-store tablets are backed by Fujitsu’s customer engagement solution Chordship.
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
The bank wants to “make it easy for Arizona businesses to get the capital they require for growth”.
The increase builds upon a £165 million deal made with BNP Paribas and M&G Investments in July.
Shah will be responsible for the bank’s IT security and digital channels across various functions.