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IBOS member Silicon Valley Bank invests £1.1bn in British tech

Silicon Valley funding for UK tech start-ups hits record IBOS member Silicon Valley Bank investors put a record £1.1bn into British technology start-ups last year, boosting claims that the UK is spreading its wings as a global tech hub. The figures, revealed in a report from law firm Pennington Manches, appear to knock back claims that international investors would turn their backs on the UK’s technology companies after the Brexit …Read More

IBOS member Santander launches the first blockchain-based international money transfer service

IBOS Banco Santander today announced the launch of a new international payments service, ‘Santander One Pay FX’, using blockchain-based technology across four countries. The new service makes it possible for customers to complete international money transfers on the same day (in most cases) or by the next day. This service is now available to retail customers in Brazil, Poland, Spain and the UK, with expectations that the service will roll …Read More

UK unveils ‘crypto-assets task force’ to boost the fintech sector

This year, the UK government announced the ‘crypto-assets task force’ as part of a strategy to boost the nation’s growing FinTech sector. Philip Hammond, Chancellor of the Exchequer, also announced at The International Fintech Conference, held in London, that a new UK-Australia ‘FinTech bridge’ was being established to help UK enterprises expand internationally. Matt Hancock, the secretary of state for digital, culture, media and sport, also announced at the conference that Tech …Read More

IBOS member US Bank announces quarterly dividends

US Bancorp, the parent company of IBOS member US Bank, reported a regular quarterly dividend of $0.30 per common share, payable 16 April 2018, to stockholders of record at the close of business on 29 March 2018.  At this quarterly dividend rate, US Bancorp’s annual dividend is equivalent to $1.20 per common share. The Board of Directors also declared the following: A regular quarterly dividend of $875.000 per share (equivalent to $8.75000 per depositary share) on the Series A …Read More

IBOS member RBC is the first Canadian bank to open an API developer portal

IBOS member Royal Bank of Canada (RBC) is the first Canadian bank to open an Application Programming Interface (API) developer portal, as its focus on driving innovation to deliver leading-edge solutions for clients continues to expand. The RBC Developers™  portal will allow eligible, external software developers, industry innovators and clients to access select RBC APIs. APIs allow applications to talk to other applications. As such, this communication layer allows third party …Read More

IBOS member RBC reports its Q1 2018 financial earnings

IBOS member Royal Bank of Canada (RBC) has announced its Q1 2018 financial results, reporting a net income of $3,012 million ending 31 January 2018. RBC’s results in Q1 2018 were driven by strong earnings in Personal & Commercial Banking, Capital Markets, Wealth Management, and Investor & Treasury Services. This quarter’s strong performance also reflects stable credit quality, with a provision for credit losses (PCL) on impaired loans ration of …Read More

IBOS members RBS and Ulster Bank report their 2017 financial results

IBOS member Ulster Bank reports its 2017 Financial Results, as part of the RBS Full Year financial results announcement. In 2017, RBS reported its first ‘bottom-line’ profit in ten years and reported an operating profit of £2,239 million, an increase of £6,321 million compared with 2016. RBS also had an attributable profit of £752 million in 2017. Below are RBS’s financial highlights in 2017: Adjusted operating profit increased by 31.1% …Read More

IBOS member KBC Group announces Q4 2017 financial results

IBOS member KBC Group has today, 22 February 2018, announced its Q4 2017 earnings of €399 million, bringing the profit for the entire financial year to an excellent €2.6 billion. KBC Group’s net result amounted to €610 million for Q4 2017, with the Group’s core activities performing exceptionally well again. The costs remained under control, and the quality of the assets remained good as evidenced by a reversal of provisions for write-downs …Read More

IBOS member Nordea wins Euromoney award for best private banking

IBOS member Nordea has been awarded as the best provider of private banking services in the Nordic region for the tenth consecutive year by Euromoney. Nordea Private Banking has also received the Euromoney country awards for best private banking services in Finland.  Euromoney covers the re-emergence of the international cross-border capital markets. Euromoney reported on, and championed, the euromarket and its growth, in the process becoming the prime magazine of the …Read More

IBOS member UniCredit reports successful Q4 2017 financial results

IBOS member UniCredit posted its strongest fourth quarter in a decade, helped by higher fee and interest income and lower costs, and topped expectations with its first all cash dividend in five years. 2017 started with Italy’s biggest bank raising 13 billion euros from investors, in one of Europe’s largest cash calls, to help clean up its balance sheet under then new Chief Executive Jean Pierre Mustier. Net profit was …Read More