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IBOS members KBC and Nordea recognised at Global Finance’s Foreign Exchange Awards 2018

IBOS members KBC (Belgium) and Nordea (Finland and Norway) have been recognised as country winners for ‘The World’s Best Foreign Exchange Providers 2018’ at Global Finance’s Foreign Exchange Awards 2018. As the foreign exchange (FX) market is becoming more competitive, the foreign exchange industry is embracing principles for a robust, fair and transparent market for currency trading without threat of law. Global Finance selects its award winners based on factors …Read More

IBOS member Royal Bank of Canada recognised as ‘Best Trade Finance Provider in Canada’ by Global Finance magazine

IBOS member Royal Bank of Canada (RBC) has been named ‘Best Trade Finance Provider in Canada’ for the sixth consecutive year by Global Finance magazine. RBC’s Trade Finance team draws on the global expertise of professionals across RBC, who possess a rich understanding of global and domestic markets and collaborate to serve each client, facilitating their global growth objectives while managing risk. The ‘Best Trade Finance Provider in Canada’ award demonstrates the …Read More

IBOS member US Bank reports its financial earnings for Q4 2017 and Full Year 2017

US Bancorp, IBOS member US Bank’s parent company, has today reported a net income of $1,682 million for Q4 2017, compared with $1,478 million in Q4 2016. The net income in Q4 2017 was 13.8 per cent higher than the $1,478 million for Q4 2016, and 7.6 per cent higher than the $1,563 million for Q3 2017. The increase in net income year-over-year is primarily due to total net revenue …Read More

IBOS member UniCredit awarded Global Trade Finance Services leader in Euromoney’s Trade Finance Survey 2018

IBOS member bank UniCredit has been named Global Best Service Provider for “All Services”, “Products/Payments”, and “Overall Execution” in Euromoney’s Trade Finance Survey 2018. The seventh annual Euromoney Trade Finance Survey recognised UniCredit as the Market Leader for Trade Finance in Italy, Central and Eastern Europe (CEE), Bulgaria, Bosnia & Herzegovina, Croatia, Hungary, Romania, Serbia and Turkey. Additionally, in the new “Best Services” category, UniCredit were named in the top …Read More

IBOS member Banco Santander’s blockchain design

Blockchain integration at IBOS member bank Banco Santander. Bank systems of today are extremely robust and secure, with security designed in. They sacrifice, however, flexibility and often user friendliness – especially when they must link with other technologies. On the other hand, banks like Banco Santander, have upgraded the API’s of core bank systems to be REST-compliant and/or support events and web sockets. The integration of a distributed ledger technologies …Read More

IBOS member KBC acquires 40% MetLife interest in UBB-MetLife joint venture

IBOS member KBC announces that the bank has acquired MetLife’s 40% stake in UBB-MetLife joint venture (Bulgaria). On 29 December 2017, KBC and MetLife reached an agreement for KBC (through DZI, the bank’s Bulgarian insurance subsidiary) to acquire MetLife’s remaining 40% stake in UBB-MetLife Life Insurance Company AD, which is a life insurance joint venture between UBB and MetLife (“UBB-MetLife”). Earlier this year, as part of KBC’s acquisition of UBB …Read More

IBOS members Santander and Bank Zachodni WBK acquire Deutsche Bank’s retail banking business in Poland

IBOS members Banco Santander and Bank Zachodni WBK (BZ WBK), Santander’s Polish subsidiary, recently announced that they have agreed to acquire the retail and private banking businesses from Deutshe Bank Polska, S.A. The acquisition will enhance BZ WBK’s position as the third largest financial institution in Poland, with 6.8 million customers and market share of more than 11.7% in loans and 11% in deposits. Furthermore, BZ WBK will become the …Read More

IBOS member bank Nordea’s Open Banking is live

IBOS member Nordea’s Open Banking is now live. During the autumn, Nordea’s Open Banking team has worked together with more than 1,000 external developers, who have tested and given feedback on the open APIs and associated services. This makes Nordea the first Nordic bank to offer its pilots access to real customer data. Nordea is now starting a piloting period in which selected third parties will build applications on top of …Read More

IBOS members Banco Santander, KBC, Nordea and UniCredit join first blockchain-based trade finance platform

IBOS members Banco Santander, KBC, Nordea and UniCredit have joined the first blockchain-based trade finance platform, we.trade, as founding partners. The we.trade consortium is, in conjunction with IBM, developing a platform based on distributed ledger technology (DLT) that aims to make domestic and cross-border commerce easier, safer and more efficient for companies. It is the first blockchain-based trade finance platform making a milestone in the practical adoption of DLT in the …Read More

IBOS member Santander named Global Bank of the Year by The Banker magazine

IBOS member Banco Santander has been named “Global Bank of the Year” by The Banker magazine. Banco Santander’s recognition is part of its fantastic profit growth in Latin America and its Brazilian operations in particular, its innovative use of technology to provide customers with products better suited to their needs” and the acquisition of Banco Popular, which reinforces its leading position in Spain. At its annual banking awards ceremony in London, …Read More