The Boards of Directors of DnB and Postbanken have entered into an agreement, with the aim of combining the two financial services groups. The combined entity will be the largest financial services group in Norway and the 8th largest in the Nordic region, with total assets of NOK 315 billion (USD 41 billion). Postbanken will become an integrated unit of the new DnB Group, operating under its existing brand name. The merger is expected to create annual pre-tax cost savings in excess of NOK 450 million by year-end 2003. These include a headcount reduction of approximately 400 staff years, which will be achieved primarily through attrition and other voluntary measures.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more