On The Web

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Deals

WSJ News Exclusive | M&T Bank Nears Deal to Buy People’s United for More Than $7 Billion

February 22 2021

• in
• Banks

“M&T Bank Corp. is nearing a deal to buy People’s United Financial Inc. for more than $7 billion, according to people familiar with the matter, in the latest in a string of regional-bank tie-ups. The companies are discussing an all-stock deal that could be announced as soon as this week, the people said, assuming talks […]

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Providers

Community Bank Enlists Coinbase, SAP to Offer Crypto

February 4 2021

• in
• Banks
• Cryptocurrencies

“Vast Bank now lets customers buy cryptocurrency from their bank accounts — a feature more commonly associated with third-party payment apps like PayPal and Square . Through a partnership with Coinbase, the community bank, which is based in Tulsa, Okla., and has $744 million of assets, is joining a handful of others that are seeking […]

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Providers

Goldman Sachs Eyes Growth in Cash Management Technology

January 11 2021

• in
• Banks

“For more than five years Goldman Sachs has been recasting itself as a technology company as well as a bank, so it is little surprise that Stephen Scherr, chief financial officer, sees tech as core to his professional objectives. For Mr Scherr, head of Goldman’s fledgling consumer bank until late 2018, there are two main […]

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Industry

Their Finances Ravaged, Customers Fear Banks Will Withhold Stimulus Checks

January 4 2021

• in
• Banks

“Banks have the power to decide whether to let overdrawn customers gain access to the stimulus money being deposited into their accounts, but they have taken different approaches.”

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Providers

‘The Best Year Ever’: 2020 Was Surprisingly Good to Small Banks

December 14 2020

• in
• Banks

“When coronavirus closed businesses in Baltimore and its suburbs in the spring, Kevin Benson feared the worst for the small lender he runs—widespread defaults, anemic loan growth. Instead, Rosedale Federal Savings and Loan surpassed $1 billion in assets in May, years ahead of schedule, aided by a government-backed lending boom. The vast majority of its […]

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Global

Airtel Payments Bank to expand footprint in West Bengal

December 1 2020

• in
• Banks
• India

“Airtel Payments Bank is rapidly expanding its footprint in West Bengal to take banking services to unbanked villages in remote areas and to contribute to financial inclusion in the state. The bank has a network of over 30,000 neighbourhood banking points spread across West Bengal, and plans to expand its banking points in the state […]

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Providers

Deutsche Bank on the lookout to expand its payments business

November 24 2020

• in
• Banks

“Germany’s largest lender Deutsche Bank is on the lookout for takeovers and joint venturesto help towards its goal of becoming a major force in Europe’s rapidly consolidatingpayments processing industry”

On The Wires

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Providers

BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services

February 23 2021

• in
• Banks
• Cloud computing

“BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against […]

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Domains

HSBC Bank Launches Single Global Account and Real-Time Payments Platform: HSBC Global Money Account

November 23 2020

• in
• Banks
• Cross-border payments

“HSBC Bank USA , N.A., (HSBC), part of the HSBC Group, today announced the launch of its newest real-time payments offering. HSBC’s Global Money Account allows its international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7. There are […]

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Companies

Citi Selects Mastercard as Network Partner for the Citi Plex Account by Google Pay

November 19 2020

• in
• Banks
• Google
• Mastercard

“Today, Citi announced it has selected Mastercard as its network partner for the Citi Plex Account on Google Pay, a new digital checking and savings account built with financial wellness and mobile functionality at the core of the design to make managing money simpler, smarter and more rewarding.”