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HSBC UK has unveiled plans to restructure its branch network that could see the closure of 82 branches and remodeling of others. Apart from the impact of pandemic,
Switzerland-based banking software firm Temenos has rolled out its new-generation Temenos Enterprise Pricing solution to enable banks design, manage and price their products, services and product bundles. Temenos
China-based technology and solutions provider SOS has signed a non-binding letter of intent (LOI) to acquire FXK Tech (FXK), Canada-based blockchain technology company. Under the terms of the
Goldman Sachs has reported a net income of $4.51bn or $12.08 per common share for the fourth quarter 2020, posting a 135% increase from the net income earned
UK-based regulatory technology company firm Konsentus has acquired Open Banking Europe (OBE) from PRETA, a fully owned subsidiary of EBA Clearing. OBE is an initiative launched by PRETA
UOB Asset Management (UOBAM) has completed the acquisition of VAM Vietnam Fund Management Joint Stock Company (VAM VN) in Vietnam to strengthen its presence in Southeast Asia. With
Finastra has moved its investment management solution Fusion Invest to the cloud to help asset managers digitally transform their operations. With the execution of Fusion Invest in the
Tier1 Financial Solutions, a provider of client relationship management (CRM) solutions, has acquired Alessa, a compliance and financial crime prevention solution. Alessa is an AML compliance, controls monitoring
Citigroup has reported a net income of $4.6bn, or $2.08 per diluted share, for the fourth quarter of 2020, a 7% decline compared to $5bn, or $2.15 per
US bank holding company Capital One has been charged $390m in civil money penalty by the US Financial Crimes Enforcement Network (FinCEN). FinCEN in its statement said that