Global Banking & Finance Review

Graham Michener joins Ridgeway Partners as Partner in the New York office

Retrieved on: 
Tuesday, December 6, 2022

NEW YORK, Dec. 6, 2022 /PRNewswire/ --Ridgeway Partners is pleased to announce that Graham Michener has joined the firm as a Partner in the New York Office.

Key Points: 
  • NEW YORK, Dec. 6, 2022 /PRNewswire/ --Ridgeway Partners is pleased to announce that Graham Michener has joined the firm as a Partner in the New York Office.
  • His expertise, connectivity and impeccable reputation are perfectly aligned to the Ridgeway platform," said Charles Preusse, Managing Partner for Ridgeway.
  • "I was drawn to Ridgeway Partners by its exemplary track record and reputation as a premium executive and board search provider," said Michener.
  • Mr. Michener joins Ridgeway Partners from Dore Partnership where he led the Global Banking and CFO Practices for North America.

CTBC Bank USA CEO Noor Menai to Present at FT Global Banking Summit

Retrieved on: 
Monday, November 28, 2022

CTBC Bank USA announced today that its President & CEO Noor Menai will speak at the FT Global Banking Summit on December 1 in London.

Key Points: 
  • CTBC Bank USA announced today that its President & CEO Noor Menai will speak at the FT Global Banking Summit on December 1 in London.
  • Menai will present on the Banking in Asia - Leapfrogging traditional banking panel, addressing if during the economic downturn Asia-Pacific biggest lenders will continue to aggressively digitalize their businesses.
  • Menai will offer his view if the prospects of economic weakness will slow down digitization efforts or increase them.
  • In addition to Menai, other panelists on the Banking in Asia session will include Alicia Garca Herrero, Chief Economist, Asia Pacific, Natixis, and Dato Muzaffar Hisham, Group Chief Executive Officer, Global Banking, Maybank.

Alhamrani Universal Signs a Strategic Transformation Agreement with Diebold Nixdorf for Saudi Arabia

Retrieved on: 
Wednesday, November 16, 2022

RIYADH, Saudi Arabia and HUDSON, Ohio, Nov. 16, 2022 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the financial and retail industries, today announced a multi-year services and strategic contract with Alhamrani Universal, Saudi Arabia's largest fintech solutions provider in the self-service banking industry. Backed by Diebold Nixdorf solutions, including the latest cash dispensers, recycling technology and self-service monitoring, this agreement supports branch banking transformation and digital migration strategy to launch new innovations to meet consumer expectations and market requirements.

Key Points: 
  • Backed by Diebold Nixdorf solutions, including the latest cash dispensers, recycling technology and self-service monitoring, this agreement supports branch banking transformation and digital migration strategy to launch new innovations to meet consumer expectations and market requirements.
  • Abdulaziz Abdullah Alhamrani, chairman at Alhamrani Universal, said:"Today's consumers expect a seamless banking experience and 24-hour access to services.
  • Our continued partnership with Diebold Nixdorf will further support our transformation as we drive more innovation and guarantee market-leading ATM and kiosk top services for our banking industry customers, allowing us to align further on Saudi Arabia Vision 2030."
  • Joe Myers, executive vice president, Global Banking, at Diebold Nixdorfsaid: "We are very committed to our partners and our end customers.

Diebold Nixdorf Partners with Featurespace to Provide Fraud Prevention Technology Within its Payments Processing Platform

Retrieved on: 
Friday, October 21, 2022

CAMBRIDGE, England and HUDSON, Ohio, Oct. 21, 2022 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in automating, digitizing and transforming the way people bank and shop, and Featurespace, a world leader in enterprise financial crime prevention, today announced that the companies are partnering to integrate its highly specialized, fraud prevention technology into Diebold Nixdorf's Vynamic® Payments platform.

Key Points: 
  • By partnering with Featurespace, Diebold Nixdorf can provide financial institutions a fully integrated payments solution with proven real-time fraud detection and prevention capabilities without the concern of managing multiple vendors.
  • Joe Myers, executive vice president, Global Banking, at Diebold Nixdorf said:"We are excited to begin this partnership with Featurespace as the technology and product features of ARIC Risk Hub perfectly align with Diebold Nixdorf's payments transaction processing.
  • By integrating the holistic solution into our Vynamic Payments platform, we can provide financial institutions with the most powerful and open technology to combat fraud and financial crime."
  • Fraud Prevention & AML in Payments as a Service , with Dave Excell, Founder, Featurespace, Tuesday 25 October, 1:00pm PDT
    Featurespace is the world leader in enterprise grade technology that prevents fraud and financial crime.

New Research Shows Key Challenges that Global Climate Tech Entrepreneurs Face When Scaling and Growing Their Businesses

Retrieved on: 
Tuesday, October 18, 2022

Research conducted by Endeavor Insight and funded by HSBC USA shows the greatest challenges that climate tech entrepreneurs face in scaling and growing their businesses include access to capital; the availability of qualified managers, engineers and other technical talent; and customer acquisition.

Key Points: 
  • Research conducted by Endeavor Insight and funded by HSBC USA shows the greatest challenges that climate tech entrepreneurs face in scaling and growing their businesses include access to capital; the availability of qualified managers, engineers and other technical talent; and customer acquisition.
  • HSBC is committed to providing capital to support the growth ambitions of our global clients specializing in climate-friendly, sustainable solutions.
  • HSBC provides funding to climate tech entrepreneurs through a variety of channels.
  • Entrepreneurs, like Michelle Zhu, face key challenges (outlined in Scaling Climate Tech ) as they mobilize resources to mitigate climate change and decarbonize the planet.

Freshfields Bolsters Leveraged Finance Practice With Addition of Partner Allison R. Liff

Retrieved on: 
Monday, October 17, 2022

Freshfields Bruckhaus Deringer announced today that Allison R. Liff has joined the firms US leveraged finance practice as a partner based in New York.

Key Points: 
  • Freshfields Bruckhaus Deringer announced today that Allison R. Liff has joined the firms US leveraged finance practice as a partner based in New York.
  • Allisons long-standing sponsor-focused practice and expansive experience make her a great fit to help lead our leveraged finance practice, said Partner and Head of US Transactions Paul Tiger.
  • Her addition to the team underscores the firms commitment to its financial sponsor clients and capabilities, both in the US and globally, and the depth of the service we can deliver across our broader transactional practice.
  • Allison is a fantastic addition to our team as we strengthen our sponsor-side capabilities in leveraged finance and the breadth of service we provide in private equity and M&A matters.

Tequity Adds John Armstrong, ICD.D as Strategic Executive Advisor in Fintech

Retrieved on: 
Wednesday, October 12, 2022

TORONTO, Oct. 12, 2022 /PRNewswire/ -- Tequity Advisors, a leading North American M&A Advisory firm specializing in global Enterprise B2B SaaS, Cloud, and IT company transactions, welcomes John Armstrong (LinkedIn profile) as Strategic Advisor with a focus on the Financial IT market.

Key Points: 
  • He is a great talent addition to Tequity's reach in FinTech," shared Alex MacKay, President & Cofounder at Tequity.
  • "After decades consulting in the fintech sector, I'm looking forward to applying that knowledge to help fintech entrepreneurs achieve success in M&A," said John.
  • He was a member of the Global Fintech leadership group and one of the authors of KPMG's highly regarded, semi-annual, Pulse of Fintech publication.
  • John has worked as an advisor and consultant to the financial services industry in Canada and globally for over thirty years.

Banks must step up payment services to support Small and medium businesses as the backbone of the economy

Retrieved on: 
Thursday, October 6, 2022

The payments industry has remained resilient through recent unprecedented market volatility, accelerated by the adoption of innovative new digital payment methods for consumers.

Key Points: 
  • The payments industry has remained resilient through recent unprecedented market volatility, accelerated by the adoption of innovative new digital payment methods for consumers.
  • However, many banks are failing to provide the same support for small to medium businesses.
  • Small and medium businesses are the backbone of global economic growth, contributing to half of global GDP and global employment.
  • Banks and payment service providers must realign their priorities to capture this untapped value through innovative and experiential payment services.

DBS Accelerates Market Integrity Efforts Leveraging Nasdaq Surveillance Technology

Retrieved on: 
Thursday, September 29, 2022

NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and DBS , a leading financial services group in Asia and Southeast Asias largest bank, announced today that DBS will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts.

Key Points: 
  • NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and DBS , a leading financial services group in Asia and Southeast Asias largest bank, announced today that DBS will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts.
  • Used across institutional segments, the technology will enhance DBS ability to detect and respond swiftly to potential risks of market abuse and help analysts optimize their time spent.
  • DBS will leverage Nasdaqs cutting-edge robust technology as they seek to advance its surveillance capabilities to protect its clients from market abuse, said Valerie Bannert-Thurner, Senior Vice President of Anti-Financial Crime Technology, Nasdaq.
  • We look forward to partner with DBS as they grow their business and evolve its market integrity efforts.

Scotiabank announces Brian J. Porter's retirement, names Scott Thomson as President and Chief Executive Officer

Retrieved on: 
Monday, September 26, 2022

TORONTO, Sept. 26, 2022 /PRNewswire/ -Scotiabank today announced Brian Porter's decision to retire as President and Chief Executive Officer, effective January 31, 2023.

Key Points: 
  • TORONTO, Sept. 26, 2022 /PRNewswire/ -Scotiabank today announced Brian Porter's decision to retire as President and Chief Executive Officer, effective January 31, 2023.
  • With this announcement, Scotiabank's Board of Directors has appointed Scott Thomson as CEO of Scotiabank, effective February 1, 2023.
  • Mr. Thomson is currently President and CEO of Finning International Inc. and has been a member of the Scotiabank Board since 2016.
  • To support the transition, Mr. Porter will become a Strategic Advisor to Mr. Thomson from February 1, 2023 to April 30, 2023.