FG Bancorp (NYSE: OFG) and Scotiabank (NYSE: BNS) have announced the signing of a definitive agreement for OFG’s subsidiary, Oriental Bank, to acquire Scotiabank’s Puerto Rico operation for $550 million USD in cash and Scotiabank’s US Virgin Island (USVI) branch ...
Spanish Banks and Other Firms Band Together for Blockchain-Based Tech Platform
“It is a consortium network, collaborative and useful for all," said Álex Puig, head of Spain's new multi-sector tech platform Red Lyra.
Lloyds Banking Group Partners with Microsoft on Biometric Authentication for Account Holders
"Devices will recognize the user rather than having to remember an assortment of letters and numbers that are forgotten or could be guessed," said Lloyds.
IMF Establishes FinTech Task Force to Study How Technology Is Changing Finance
The new IMF working group will study the many economic and regulatory implications of the technological developments that are changing the world of finance.
BBVA and Amazon Web Services Sign Cloud Infrastructure Deal
BBVA is making AWS its "preferred" cloud infrastructure provider to help migrate its workflows to the provider's system.
Bank of America, JPMorgan, RBS, and BBVA Highlight Fintech Awards in 2016
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London