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Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our FinancialServices and Antitrust teams highlight what banks considering mergers should know about the changes.
FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financialservices to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch.
Governments play a pivotal role in European bank M&A: State coffers play significant roles. . - “Challenger” bank M&A catches fire: The UK grabs headlines with Coventry Building Society’s and Nationwide Building Society’s respective acquisitions of The Co‑operative Bank and Virgin Money. By: White & Case LLP
Below is his conversation with Gary Grote, Managing Director at Bridgepoint Investment Banking, which focuses on capital raising and M&A advisory solutions. Gary focuses on deals in the healthcare, leveraged finance, financialservices, and real estate industries.
James Stevens, co-leader of Troutman Pepper Lockes FinancialServices Industry Group, was quoted in the March 5, 2025 Banking Dive article, FDIC Withdraws Merger Policy, Brokered Deposits Proposal.. By: Troutman Pepper Locke
IT outsourcing for financialservices companies: key benefits By Oksana Wojtkiewicz, Head of Sales & Marketing at Solwit For over 15 years, Oksana has advised clients on the most effective technology solutions to take their businesses to the next level.
The AI revolution: How financialservices can utilise automation By Devashish Mishra, Head of Solutions – Europe, Persistent Systems Over the past few years, artificial intelligence (AI) has been reshaping various sectors, including the financialservices industry.
Financialservices companies seek to unlock efficiencies of cybersecurity automation By Leon Ward, Vice President of Product Management at ThreatQuotient As cyber threats intensify and the resources to deal with them remain limited, there is a growing need for automation in cybersecurity.
Autonomous, the financialservices research business division within Bernstein, has appointed two new US bank analysts. Ken Usdin has been appointed co-head of the Autonomous US business, covering large-cap banks alongside Dwight Collins, who heads the research business US sales team.
March 25, 2024 (GLOBE NEWSWIRE) -- Provident FinancialServices, Inc. NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. ISELIN, N.J. and OAK RIDGE, N.J.,
By Richard Winston, Managing Director and Global Head of FinancialServices at Slalom As we approach 2025, the financialservices industry is moving through a period of ongoing transformation. Five key drivers—digital transformation, climate related financial risk, interest […]
Author: Shilpa Doreswamy, Sector Director of Retail Banking, GFT The financialservices industry is increasingly grappling with the critical issue of downtime. In today’s digital age, even a brief outage can have severe repercussions, costing banks almost $5 million an hour, discounting any penalties and fees.
What lies ahead for the financialservices industry? Garry Robertson, Client Lead for FinancialServices at esynergy In the last two decades, the financial sector has changed completely. Banks have shifted to online services and customers now use apps much more than brick-and-mortar branches.
BANKS KNOW WHAT EMBEDDED FINANCE IS, BUT DO THEY KNOW HOW TO USE IT? By-lined to Alex Mifsud, CEO, and co-founder of Weavr The emergence of embedded finance has been a standout development in financialservices in 2023.
By Russ Rawlings, RVP, Enterprise, UK&I, Databricks Strict regulation, along with time and cost restraints, means that the financialservices industry must take a measured approach to embracing technological advancements.
State Bank of India, on Saturday, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.Dinesh Khara, the chairman of the SBI, inaugurated the hubs, on the occasion of the 68th foundation day of the bank.As
Addressing the Digital Divide in Access to Banking and FinancialServices Introduction In today’s digital age, access to banking and financialservices is more important than ever. However, not everyone has equal access to these services, leading to a digital divide.
The Roll-Up Strategy REVEALED - Watch Here About the Guest(s): Matt Duckworth is the CEO and founder of Rhapsodi, a financialservices firm based in Little Rock, Arkansas. Duckworth shares his unique journey from music composition to becoming a prominent figure in financialservices, focusing on the art and science of roll-ups.
By Don Boxley, CEO and Co-Founder, DH2i The financialservices sector, including banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing, is one of the world’s most important and influential sectors. Here, assuring reputation and trust are a must.
Generative AI for Non-Financial Risk for Banking and FinancialServices – How to get this right. Generative AI has been the buzzword in IT industry currently and everybody has rushed in to join the bandwagon. However, is it a panacea for all or is it a myth? We have tried to analyze the utility of […]
Data Lineage in FinancialServices PJ Bradley Preventing cyberattacks, data breaches, and other misuses of sensitive data has to be a priority for essentially all businesses.
March 25, 2024 (GLOBE NEWSWIRE) -- Provident FinancialServices, Inc. NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. ISELIN, N.J. and OAK RIDGE, N.J.,
July 01, 2024 (GLOBE NEWSWIRE) -- Orrstown FinancialServices, Inc. NASDAQ: ORRF), the holding company for Orrstown Bank (“Orrstown”), and Codorus Valley Bancorp, Inc. HARRISBURG, Pa.,
By Charlotte Webb, Operations and Marketing Director of Hyve Managed Hosting Financialservices (FinServ) firms no longer need to be convinced of the value of the cloud for businesses.
Background Checks in Banks, and Conflicts with Ban-the-Box Laws Philip M. practice co-chair of Littler’s International Employment Law Practice Group and co-chair of the FinancialServices Industry Group. Berkowitz is the U.S. He can be reached at pberkowitz@littler.com.
SkyQuest projects that the digital banking market will attain a value of USD 96.70 The digital banking market landscape is poised for substantial acceleration, driven by the influx of innovative fintech players into the financialservices sector. billion by 2030, with a CAGR of 20.1% over the forecast period (2023-2030).
By Mark Tabor, Principal Consultant, Ordnance Survey In today’s dynamic financialservices landscape, understanding the connection between location data and Earth Observation (EO) technologies is becoming increasingly important.
Technology driven disruptions in the financialservices industry By Maureen Doyle-Spare, General Manager-Head of ASSET and Wealth Management and Insurance. Where are we seeing the acceleration of technology driven disruptions in financialservices institutions and what are the forces driving them?
For businesses operating in the financialservices sector, it’s a continuous balancing act between keeping the lights on and innovating to meet changing customer demands and expectations. Limited budget increases mean that more of the funds needed to invest in emerging technologies must be found within existing operations.
Customer complaints are inevitable in financialservices as some of the processes are often complicated. These complaints are frustrating to both customers and your team, and they can easily get out of control if left unchecked. The good news?
Panmure Gordon and Liberum are set to merge to create the UK’s largest independent investment bank, with ex-Barclays executive Rich Ricci stepping into the chief executive role of the combined entity. The deal comes just three months after Deutsche Bank completed the acquisition of institutional broker Numis for £410 million.
Key marketing challenges for financialservices brands The difficulty with marketing for financialservices brands has always been a matter of trust. As much as they need them, consumers have an almost innate distrust of banks, building societies, lenders, and financial advisors.
Redefining financialservices through Open Finance By Mark Horwood-James, Managing Director of Personal Finance Technology, Moneyhub Financial ecosystems are evolving rapidly, moving away from the once standard isolated and slow-paced models towards a new era characterised by fintech innovation and, more recently, Open Finance.
July 25, 2024 (GLOBE NEWSWIRE) -- ChoiceOne FinancialServices, Inc. NASDAQ: COFS) (“ChoiceOne”), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. SPARTA, Mich. and FENTON, Mich.,
Damien Scott serves as the FinancialServices Leader at Rightpoint, bringing over 20 years of experience guiding business through impactful digital and technology transformations.
12, 2023 (GLOBE NEWSWIRE) -- Orrstown FinancialServices, Inc. Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. SHIPPENSBURG, Pa. and YORK, Pa., million, or $21.31 per share of Codorus Valley common stock, based on the $24.35
The future of banking: integrating blockchain for enhanced security The banking industry is on the brink of a significant transformation, driven by technological innovations that promise to revolutionize the way financialservices are delivered and consumed.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financialservices firm. As part of the move, MIM is acquiring the high yield and bank loan, strategic fixed income and small-cap equity teams and certain related investment products.
By Paul Taylor, Vice President, Product Management at Smarsh The financialservices and insurance industries are among the most important to the UK economy, but the sector has faced issues when it comes to non-financial misconduct (NFM), including bullying, discrimination and harassment.
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