CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
- 9 years 3 months ago
- Payments
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services. Roughly 7 million consumer accounts were affected by Citibank’s deceptive marketing, billing, and administration of debt protection and credit monitoring add-on products. A Citibank subsidiary also...
Genworth Enters Into Exclusive Negotiations With AXA S.A. To Sell Lifestyle Protection Insurance Business
- 9 years 3 months ago
- M&A Deals
Genworth Financial, Inc. (NYSE: GNW) announces it has entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council1consultation process.
Nomura to Open Asset Management Company With Japan Post Bank
- 9 years 3 months ago
Nomura Holdings has signed an agreement with Japan Post Bank, Japan Post, and Sumitomo Mitsui Trust Bank, Limited to establish a new asset management company and develop asset management products. Nomura will take a 20 percent stake in the new company, while Japan Post Bank will take a 45 percent stake, Sumitomo Mitsui Trust Bank a 30 percent stake, and Japan Post a 5 percent stake.
Linear Investments To Acquire AQX Securities's Assets
- 9 years 3 months ago
- M&A Deals
Linear Investments, the UK based broker and hedge fund platform, has acquired the assets of AQX Securities's agency execution business from the Aquila Group. The acquisition will enhance Linear's existing execution-only services and broaden its reach across asset classes, from equities, ETFs, futures and options, to cash fixed income.
Symantec to Deliver Keynote at GlobalPlatform’s Annual TEE Conference
- 9 years 3 months ago
GlobalPlatform, the association which standardizes the management of applications on secure chip technology, has confirmed that Nicolas Popp, Vice President, Information Protection at Symantec, will deliver the keynote address at its third annual trusted execution environment (TEE) conference, which takes place in Santa Clara, California on Tuesday, October 13.
Tenable Network Security Unveils Verizon 2015 Data Breach Report Dashboards for SecurityCenter Continuous View
- 9 years 3 months ago
- Security
Tenable Network Security®, Inc., the leader in continuous network monitoring, today announced five new SecurityCenter Continuous View™ dashboards based on Verizon’s 2015 Data Breach Investigations Report (DBIR).
Premier Tax Free launch the future of Tax Free Shopping with self-service kiosks
- 9 years 3 months ago
- Payments, ATMs
Tax-Free Shopping Company, Premier Tax Free has developed a retail point of sale solution that is claimed to be the ‘future of tax-free shopping’. Premier Kiosk is a quick and simple interactive self–service solution that allows tourist shoppers to generate their own tax-free forms. Lengthy queues at till points and customers services as well as manual and lengthy paperwork can be eradicated.
Maitland To Continue Rapid Global Expansion With Stanlib Deal
- 9 years 3 months ago
- M&A Deals
Global advisory and fund administration firm Maitland has concluded an agreement with STANLIB, one of Africa’s largest fund managers, to “lift out” its traditional institutional fund administration operations. The deal, effective 1 October 2015, will boost Maitland’s own AUA by $40bn to $260bn, making it one of the world’s largest fund administrators. It comes during a period of rapid global growth for the firm, following the firm’s recent...
SunTec and Loylogic turn customer data into loyalty points for banks
- 9 years 3 months ago
- Banking
SunTec, the leading provider of revenue management and business assurance solutions to Financial Services firms, today announced its partnership with Loylogic, the world’s leading innovator and creator of points experiences, insights, commerce and engagement.
EIB approves EUR 10 billion of new EIB loans and launches European Fund for Strategic Investments with European Commission
- 9 years 3 months ago
- Investment
New investment for strategic infrastructure across Europe and around the world, including road, rail, ports, inland waterways, and airports, were amongst nearly EUR 10 billion of new lending approved this week by the Board of Europe’s long-term lending institution, the European Investment Bank. Financing was agreed, subject to final negotiation, for a total of 45 projects, including 5 schemes expected to get support from the EU budget guarantee...
SimCorp Calls for Entries for the Annual Excellence Awards 2015
- 9 years 3 months ago
- Investment
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced the call for entries for the 2015 SimCorp Excellence Awards. The SimCorp Excellence Awards recognize innovation and outstanding performance across the global investment management industry.
Mobile payments to represent a new era in Brazil’s payments industry
- 9 years 3 months ago
- Payments
Mobile phone subscription penetration in Brazil increased from 100.6% in 2010 to 133.5% in 2014 and is anticipated to further increase to reach 153.1% in 2019. Although m-payments have been relatively slow to take off - despite the high mobile phone penetration - this is all set to change over the next four years, Timetric predicts. This is partly related to the government’s approval of a bill in October 2013, giving the Central Bank of Brazil...
smartTrade Technologies wins best liquidity aggregation system e-FX award
- 9 years 3 months ago
smartTrade Technologies announces that LiquidityFX, its end-to-end FX trading solution for buy side, brokers and sell side, has been awarded best liquidity aggregation platform by the e-FX Awards 2015 judging panel.
Innovative Payments Initiatives Move From The Marginal Into The Everyday
- 9 years 3 months ago
- Payments
A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile first has now become mainstream, while innovative disruptive technologies such as block-chain will potentially become a very attractive alternative to traditional payment methods, transforming payment processing and acting as significant drivers for change this...
UAE: Now in its 6th edition Global Trade Development Week is held in partnership with Ministry of Economy, UAE
- 9 years 3 months ago
- Trade Finance
With 1000 participants GTDW is an exclusive senior event for invited trade leaders, country & business delegations with a common theme of driving innovation, communication and capabilities to deliver global trade and economic development.
