Fintech Revolut updates Savings Vault offering
Challenger bank Revolut has rolled out an update to its Savings Vault product, which will now provide 0.7% annual interest. The Savings Vault offering also has features such as no minimum deposit…
Strategy
BBVA to return over €7bn to shareholders between 2021-2022
Spanish lender BBVA is looking to distribute over €7bn to shareholders between 2021 and 2022,…
Citi announces plans to shutter Mexican retail operations
US banking major Citi has announced plans to close its consumer, small business and middle-market banking operations in Mexico. The…
Minna Bank – the new Japanese bank with digital natives at its core gets off to a flier
Japan’s digital challenger Minna Bank only fully launched in May 2021 but aims is to achieve 1.2 million customer accounts,…
Tinkoff ramps up international goals
George Chesakov, Tinkoff’s International Expansion Lead, discusses with RBI editor Douglas Blakey why it is now the perfect time for the…
SeABank taps Google Cloud for digital transformation
Southeast Asia Commercial Joint Stock Bank (SeABank) has selected Google Cloud as its primary cloud provider to enhance the digital…
After BMO, TD Bank eyeing acquisitions for US expansion
Canada-based Toronto-Dominion Bank is reportedly looking for potential deals to expand in the US after the Bank of Montreal (BMO) announced a $16.3bn acquisition of BNP Paribas’ Bank of the…
BBVA taps Accenture to accelerate digital transformation
Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) has selected Accenture to accelerate its digital transformation and apply analytics and artificial intelligence (AI) for enhancing user experience. The firms have signed…
Tink completes acquisition of FinTecSystems as part of European expansion
Open banking platform Tink has completed the acquisition of German fintech firm FinTecSystems as part of its European expansion. The acquired firm specialises in offering open banking infrastructure and is…
Sumitomo Mitsui eyes expansion via acquisitions and integration
Japan’s Sumitomo Mitsui Financial Group (SMFG) is actively looking to create a leading financial conglomerate in the Asian region through acquisitions and integration of its locally acquired operations. Speaking to…
Mizuho Bank leads M-Service’s $200m Series E funding round
Japanese lender Mizuho Bank has acquired a 7.5% stake in Vietnamese digital payment services company M-Service, which operates MoMo app. The investment is part of MoMo’s $200m Series E funding…
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