DOCSLIB.ORG

European DIGITAL BANKING CLUB Power 50

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
European DIGITAL BANKING CLUB Power 50 the 2017 European DIGITAL BANKING CLUB Power 50 Power 50 2017.indd 1 09/10/2017 09:45:49 Intelligent Environments, the international provider of digital financial services solutions in association with Retail Banker International, Cards International, Electronic Payments International, Private Banker International, Motor Finance and Credit Strategy publications Join thousands of financial services professionals who have joined The Digital Banking Club to understand the future of mobile and online financial services Join The Club! Membership benefits www.thedigitalbankingclub.com 10% discount for new subscribers/purchasers on: Annual subscriptions to Retail Banker International, Cards @TheDBclub International, Electronic Payments International World Market Intelligence’s archive of over 250 Retail Membership is free Banking and Cards & Payments research reports Or Subscription to the Retail Banking and Cards International Intelligence Centres For more information please email: [email protected] TDBC Adverts - 2017 MG Edit.indd 1 03/10/2017 13:30:53 the 2017 european digital banking club power 50 The judges Douglas Blakey Douglas Blakey is group editor of the consumer finance titles at Verdict, chief of judges for the annual Retail Banker International Awards, and lead market advisor for Verdict’s retail banking research division. Verdict produces and maintains more than 50 market-leading research reports and has undertaken bespoke consultancy projects for banks, vendors and their advisors. Blakey practiced as a solicitor in Scotland before moving into business information and analysis. He maintains an editorial advisory board of leading bank executives, and is a regular guest banking analyst with the BBC, the New Statesman and other leading media outlets. Roy Vella Roy Vella is a mobile financial services expert, advisor and consultant to small and large institutions. Prior to offering his services-at-large, he created and led RBS Group’s global mobile efforts. Before RBS, Vella spent five years with PayPal, launching the merchant services team and becoming head of mobile payments in Europe. He has worked in start-ups, venture capital and co-founded NetAbacus Corporation, a web-based purchasing service for small businesses. He received a BA in mathematics from Holy Cross College, a JD from Stanford Law and an MBA from the Stanford Graduate School of Business. Jerry Mulle Jerry Mulle has 25 years of experience working in the financial services industry. He is director of customer and partner relationships at Intelligent Environments (IE). Over the last 15 years, Mulle has helped establish IE as a leader in the digital banking space and has worked with many of the largest European banks on their digital banking strategy and subse- quent rollout. Before joining IE, Mulle spent 12 years at NatWest and RBS where he took on senior product and marketing roles across retail and corporate banking before moving to the cards division, where he headed up the e-commerce and commercial card teams. Alessandro Hatami Alessando Hatami is a corporate serial entrepreneur and digital financial services expert. He has a track record of delivering growth through digital at some of the world’s most respected companies in the financial service industries. Hatami is co-founder of The Pacemakers, a company that helps large financial services, banking and payments firms go from simply thinking digital innovation to implementing it. Hatami has an extensive background in international general management, product development, marketing, business development, sales and strategy, having held digital director positions at Lloyds Banking Group. Prior to this, Hatami was director of large merchant services at PayPal. Daryl Wilkinson Daryl Wilkinson is an executive director at Unity Trust Bank – a commercial bank with a social conscience. He leads customer propositions and strategic marketing. Prior to joining Unity he founded and led DWC, a specialist digital consultancy and software development company whose client list included the Financial Conduct Authority, Canon Business Services, Unity Trust Bank, and Ensygnia. Wilkinson created and led Nationwide Building Society’s group digital development team and Innovation Lab, and was a strategist for the Royal Bank of Scotland and Northern Rock Bank www.retailbankerinternational.com | 3 Power 50 2017.indd 3 09/10/2017 09:45:55 the 2017 european digital banking club power 50 the 2017 European DIGITAL BANKING CLUB POWER 50 THE DEFINITIVE WHO’S WHO OF DIGITAL BANKING SPONSORED BY INTELLIGENT ENVIRONMENTS personality of the year: Anne Boden FOUNDER AND CEO, STARLING BANK Anne founded Starling Bank in 2014, after a successful spell as COO of Allied Irish Banks. It has been quite a year for Ms Boden and for Starling. The challenger bank launched its current account and it launched its first APIs. It also signed an agreement with TransferWise, enabling users to make payments to accounts denominated in different currencies. It also enabled customers to use the Pay by Bank app, using mobile payment technology run by VocaLink. Then in September, Starling kicked off plans to expand internationally, to be funded by securing another £40m of investment from its backers. Curriculum Vitae Education • Bachelor of science in computer science and chemistry at Swansea University • MBA at Middlesex University Career • Vice-president, corporate and institutional banking at UBS • Director and chief information officer at Aon • Executive vice-president, transaction banking at ABN Amro • Head of Europe, the Middle East and Africam global transaction services at RBS • COO at AIB • CEO at Starling 4 | 2017 | The European Power 50 Power 50 2017.indd 4 09/10/2017 09:46:00 the 2017 european digital banking club power 50 leading lights Retail Banker International editor and chief judge Douglas Blakey welcomes you to the fourth annual Digital Banking Club European Power 50 irst off, very grateful thanks to all of CRITERIA This year the Power 50 was expanded the members of The Digital Banking to incorporate the most influential FClub and subscribers of Retail Banker A reminder of the criteria for inclusion: personalities within collections and International for taking time out to submit The most influential thought leaders in vehicle finance. As everyone loves to spot nominations. European financial services providers, the stars of the future, in addition to the This year, I received almost 300 including regulators, consultants, analysts, European Digital Financial Services Power nominations – a record. innovators and influencers. 50, there is a list of five Rising Stars. And of course, I want to thank the I was not looking for nominations for For the avoidance of doubt, I should external panel of judges for all their help, individuals working for payment providers mention that beyond the Personality of patience and good humour in determining (unless their work was part of a broader the Year, no ranking has been imposed the final names to make the cut: digital financial services offering), digital beyond qualifying for inclusion in the Alessandro Hatami, Daryl Wilkinson, Jerry and/or mobile platform providers and Power 50. The names listed are, therefore, Mulle, and Roy Vella back-office technology suppliers. in alphabetical order. < Anna Znamirowska-Stączek BANK SMART POLAND Anna Znamirowska-Stączek is currently an MD at SPV, and has been a crucial part of Bank SMART in roles such as director of the mobile banking department. A graduate of the Warsaw School of Economics, Znamirowska-Stączek also held roles at Bank Pocztowy and BRE Bank, now known as mBank. Alessandro Hatami THE PACEMAKERS Alessandro Hatami is a corporate serial entrepreneur and digital financial services expert. He has a track record of delivering growth through digital at some of the world’s most respected companies in the financial service industries. Hatami is co-founder of The Pacemakers, a company that helps large financial services, banking and payments firms go from simply thinking digital innovation to implementing it. He has an extensive background in international general management, product development, marketing, business development, and strategy. Blythe Masters DIGITAL ASSET HOLDINGS Blythe Masters is currently CEO of Digital Asset Holdings, a financial technology firm developing distributed ledger technology for wholesale financial services. A former executive at JPMorgan Chase, Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also chair of the governing board of the Linux Foundation’s open-source Hyperledger Project, member of the international advisory board of Santander Group, and advisory board member of the US Chamber of Digital Commerce. | 5 Power 50 2017.indd 5 09/10/2017 09:46:03 the 2017 european digital banking club power 50 Carlos Sanchez IPAGOO Carlos Sanchez is CEO and co-founder of ipagoo, a pan-european digital provider of cash management and payment services, which represents a new model for banking where everyday services such as current accounts and payments are separated from balance sheet-dependent credit and lending activities to provide a real alternative to traditional banks. Sanchez was previously executive director at Goldman Sachs in London, acting as financial advisor for the European corporate market in investments. Claire Calmejane LLOYDS Claire Calmejane is director of innovation at Lloyds. She previously worked at Capgemini Consulting in Paris, Boston and London,
Load more

Recommended publications
  • February 2019
    The definitive source of news and analysis of the global fintech sector | February 2019 www.bankingtech.com SUPERSTRUCTURES Fintech reaches new heights CASE STUDY: CITIZENS BANK US heavyweight pivots for digital era FOOD FOR THOUGHT: CAREER CHOICES The Venn diagram of doom FINTECH FUTURES IN THIS ISSUE THEM US Contents NEWS 04 The latest fintech news from around the globe: the good, the bad and the ugly. 18 Banking Technology Awards The glamour, the winners and the celebrations. 23 Focus: intraday liquidity Are banks ready to meet the ECB’s latest expectations? 24 Interview: Pavel Novak, Zonky P2P lender on a “mission possible”. 26 Focus: data How DNB uses data to reconnect with customers. 30 Analysis: openfunds Admirable data standardisation efforts for the funds industry. 32 Case study: Citizens Bank US’s 13th largest bank embraces digital era. 38 Food for thought Making career choices and the Venn diagram of doom. They struggle with Fintech complexity. We see straight to your goal. We leverage proprietary knowledge and technology to solve complex regulatory challenges, create new products 40 Comment What would a recession mean for fintech? and build businesses. Our unique “one fi rm” approach brings to bear best-in-class talent from our 32 offi ces worldwide—creating teams that blend global reach and local knowledge. Looking for a fi rm that can help keep 42 Interview: Javier Santamaría, EPC your business moving in the right direction? Visit BCLPlaw.com to learn more. Happy one year anniversary, SEPA Instant Credit Transfer! REGULARS 44
    [Show full text]
  • SBFM Report 2021
    Small Business Finance Markets 2020/21 british-business-bank.co.uk Contents Foreword 3 Part B: Market developments 54 Executive summary 6 Small businesses and their use Introduction 10 of finance Aggregate flow and stock of 2.1 Macro-economic developments 55 finance to smaller businesses 12 2.2 SME business population 61 2.3 Use of external finance 67 Part A: The impact of Covid-19 on small business finance markets Finance products and the implications for 2021 15 2.4 Bank lending 75 1.1 Demand and supply of SME 2.5 Challenger and specialist banks 82 finance during the pandemic 16 2.6 Equity finance 89 1.2 Expectations for demand and 2.7 Private debt 102 supply in 2021 29 2.8 Asset finance 111 1.3 Finance can help the UK build 2.9 Invoice finance and back better 41 asset-based lending 116 1.4 The importance of and 2.10 Marketplace lending 121 challenges faced by alternative finance providers in 2020 47 Glossary 126 Endnotes 132 2 0.0 The British Business Bank’s mission is Foreword to make finance markets work better so smaller businesses across the UK can prosper and grow. Small Business Finance Markets 2020/21 Foreword Our unique position at the intersection of Covid-19 has had a devastating effect on the UK government and financial markets enables economy, particularly on the all-important small business sector that accounts for 61% of private sector us to identify and reduce imbalances in employment. It has also had a profound influence on access to finance; create a more diverse the operation of the finance markets serving small market; and increase the supply of finance businesses.
    [Show full text]
  • Lender List 2021
    LENDERS LIST 2021 www.cml.org.uk/lenders-handbook/ Does the lender accept personal searches and, if yes, what are the lender’s requirements? Lender Answer Accord Buy to Let Yes, subject to the requirements listed in Part 1 and provided you give an unqualified Certificate of Title. You must ensure that the search firm subscribes to the Search Code maintained by the Council of Property Search Organisations and monitored by the Property Codes Compliance Board. Accord Mortgages Ltd Yes these are acceptable provided 1) the search firm subscribes to the Search Code as monitored and regulated by the Property Codes Compli- ance Board (PCCB) 2) the requirements listed in Part 1 of this Handbook are met and 3) provided you give an unqualified Certificate of Title. Adam & Company Yes, provided they are undertaken by a reputable search agent who has adequate professional indemnity insurance and you can still give a clear Certificate of Title. Adam & Company Yes, provided they are undertaken by a reputable search agent who has International adequate professional indemnity insurance and you can still give a clear Certificate of Title. Ahli United Bank (UK) plc Please refer to Central Administration Unit Aldermore Bank PLC Yes, subject to the requirements set out in paragraph 5.4.7 and 5.4.8 of Part 1. We recommend that any firm carrying out a personal search is registered under The Search Code monitored by the Property Codes Compliance Board. Allied Irish Bank (GB), a Refer to AIB Group (UK) plc, Central Securities (GB) trading name of AIB Group (UK) Atom Bank plc Yes provided that they are undertaken by a reputable search agent who subscribes to the search code, as monitored by the Property Codes Com- pliance Board, is registered with the Council of Property Search Organisa- tions, has adequate professional indemnity insurance and where you can still give a clear certificate of title.
    [Show full text]
  • Bank of England List of Banks
    LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 31 October 2017 (Amendments to the List of Banks since 30 September 2017 can be found on page 5) Banks incorporated in the United Kingdom Abbey National Treasury Services Plc DB UK Bank Limited ABC International Bank Plc Diamond Bank (UK) Plc Access Bank UK Limited, The Duncan Lawrie Limited (Applied to cancel) Adam & Company Plc ADIB (UK) Ltd EFG Private Bank Limited Agricultural Bank of China (UK) Limited Europe Arab Bank plc Ahli United Bank (UK) PLC AIB Group (UK) Plc FBN Bank (UK) Ltd Airdrie Savings Bank FCE Bank Plc Al Rayan Bank PLC FCMB Bank (UK) Limited Aldermore Bank Plc Alliance Trust Savings Limited Gatehouse Bank Plc Alpha Bank London Limited Ghana International Bank Plc ANZ Bank (Europe) Limited Goldman Sachs International Bank Arbuthnot Latham & Co Limited Guaranty Trust Bank (UK) Limited Atom Bank PLC Gulf International Bank (UK) Limited Axis Bank UK Limited Habib Bank Zurich Plc Bank and Clients PLC Habibsons Bank Limited Bank Leumi (UK) plc Hampden & Co Plc Bank Mandiri (Europe) Limited Hampshire Trust Bank Plc Bank Of America Merrill Lynch International Limited Harrods Bank Ltd Bank of Beirut (UK) Ltd Havin Bank Ltd Bank of Ceylon (UK) Ltd HSBC Bank Plc Bank of China (UK) Ltd HSBC Private Bank (UK) Limited Bank of Cyprus UK Limited HSBC Trust Company (UK) Ltd Bank of Ireland (UK) Plc HSBC UK RFB Limited Bank of London and The Middle East plc Bank of New York Mellon (International) Limited, The ICBC (London) plc Bank of Scotland plc ICBC Standard Bank Plc Bank of the Philippine Islands (Europe) PLC ICICI Bank UK Plc Bank Saderat Plc Investec Bank PLC Bank Sepah International Plc Itau BBA International PLC Barclays Bank Plc Barclays Bank UK PLC J.P.
    [Show full text]
  • Wealth Management: Investment Views
    Investment views Challenging the challengers Issue 7 | Second quarter 2020 Who are the challengers? Revolut, Monzo, Starling and N26 are becoming household names across Europe. These businesses are part of a new wave of challenger banks that have disrupted retail banking services, divided critics and amassed millions of users. They have attracted global headlines in the last two years as they enjoy compound annual growth rates nearing 45%1. In a recent conversation with our financial William Haggard Head of Investment Insights analyst Willis Palermo, we explored three key issues for Europe’s fintech fighters: 1. What does the emergence of challenger banks mean for established banks? 2. How are banks responding to the Covid-19 crisis? 3. Where do we stand on investing in challenger banks today? The following is an edited transcript of the interview, which you can listen to in full by clicking here. Willis Palermo Financial Analyst In with the new, out with the old? A key ingredient of challenger banks’ success has been their user-friendly mobile interfaces. Talk us through the user experience. Download the online app on your phone, create your login details, send over a picture of your ID card and you are up and running with a bank account. Many of us have joined this new wave of quick and easy challenger banks that have sprung up to facilitate everyday payments and foreign exchange transactions. The ease and simplicity of joining these banks (see Figure 1) is particularly popular with younger generations. In the UK, Monzo boasts 68% of users aged between 18 and 34, while the same age group makes up more than 50% of Revolut and N26’s customers.
    [Show full text]
  • (2019). Bank X, the New Banks
    BANK X The New New Banks Citi GPS: Global Perspectives & Solutions March 2019 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi Authors Ronit Ghose, CFA Kaiwan Master Rahul Bajaj, CFA Global Head of Banks Global Banks Team GCC Banks Research Research +44-20-7986-4028 +44-20-7986-0241 +966-112246450 [email protected] [email protected] [email protected] Charles Russell Robert P Kong, CFA Yafei Tian, CFA South Africa Banks Asia Banks, Specialty Finance Hong Kong & Taiwan Banks Research & Insurance Research & Insurance Research +27-11-944-0814 +65-6657-1165 +852-2501-2743 [email protected] [email protected] [email protected] Judy Zhang China Banks & Brokers Research +852-2501-2798
    [Show full text]
  • WORLD FINTECH REPORT 2018 Contents 4 Preface
    in collaboration with WORLD FINTECH REPORT 2018 Contents 4 Preface 8 Executive Summary FinTechs Are Redefining the Financial Services Customer Journey 13 Competition and Rising Expectations Spur 14 Customer-Centricity Push – Identify gaps left by traditional Financial Services providers and explore changing customer expectations. Emerging Technologies Enable Customer 19 Journey Transformation – Data and insights are reshaping personalized experiences through automation and distributed ledger technology. Alignment with Customer Goals, Creation of 27 Trust, and Delivery of Digital, Agile, and Efficient Processes Are Catalysts for Success – Firms are driving innovation and operational excellence through agile and digital teams. World FinTech Report 2018 The Symbiotic Relationship between FinTechs and Traditional Financial Institutions 35 FinTech and Incumbent Firms’ Respective 36 Competitive Advantages and Shortcomings Make Collaboration a Logical Fit – A partnership ecosystem of FinTechs, incumbents, and other vendors fosters a win-win for stakeholders. Finding the Right Partners for Collaboration 44 Is Essential – Maintaining and accelerating scale is a common FinTech firm struggle, so the right collaboration partner is critical. Successful Collaboration Requires Commitment 49 and Agility from FinTechs and Incumbents – Selection of the appropriate engagement model boosts FinTech scale-up efforts. The Path Forward: An Impending Role for BigTechs? 60 – BigTechs could have massive impact on the Financial Services industry. Preface Once rather homogenous and somewhat staid, the financial services marketplace has transformed into a dynamic milieu of bar-raising specialists. These new-age professionals are devoted to meeting and exceeding the expectations of consumers who have become accustomed to personalized services from industries such as retail, travel, and electronics. Financial services customers no longer rely on one or two firms.
    [Show full text]
  • HOW CHALLENGER BANKS CAN GROW PROFITABLY CONTENTS Introduction Challengers Everywhere
    Challenge Accepted TOWARDS SUSTAINABILITY: HOW CHALLENGER BANKS CAN GROW PROFITABLY CONTENTS Introduction Challengers Everywhere Challenges Facing Challengers Data-Led Personalisation Products Challenger in Focus: tonik How Alternative Data Can Help Challengers Thrive Challenger Banking’s Future Many challengers made everyday banking as seamless Introduction and pain-free as posting on social media. And, from the middle part of the past decade, Challenger banks seemed to be on solid ground as the challenger banking took more and more accounts previous decade ended. away from traditional retail banks. The 2010s were an era where the adoption of digital Until the pandemic. channels skyrocketed, mobile networks vastly improved with the shift from 3G to 5G, and emerging middle classes grew across developing markets. By the middle of the decade, the shock of the GFC was beginning to wane, and innovators and consumers were implementing new practices that grew entire industries. Social media became a source of influence and impact across politics, economics, and cross- border commerce. And eCommerce grew in prominence and popularity, as Chinese manufacturing helped global retailers to reach shoppers in almost every corner of the globe. Challenger banking fitted nicely into this new era of speed, convenience, and aspirational commerce. It spoke to demographics who felt misunderstood by legacy banks. 1 There are over 200 challenger banks worldwide, who have raised $15 billion. — Singapore Fintech Association and Bain Consulting Group report popular challenger bank, with nearly 35 million CHALLENGERS customers on its books. Why have so many challenger banks emerged in such a short space of time? And what do consumers think EVERYWHERE about challenger banks? A recent Kearney survey of UK consumers offers some clues.
    [Show full text]
  • List of PRA-Regulated Banks
    LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 2nd December 2019 (Amendments to the List of Banks since 31st October 2019 can be found below) Banks incorporated in the United Kingdom ABC International Bank Plc DB UK Bank Limited Access Bank UK Limited, The ADIB (UK) Ltd EFG Private Bank Limited Ahli United Bank (UK) PLC Europe Arab Bank plc AIB Group (UK) Plc Al Rayan Bank PLC FBN Bank (UK) Ltd Aldermore Bank Plc FCE Bank Plc Alliance Trust Savings Limited FCMB Bank (UK) Limited Allica Bank Ltd Alpha Bank London Limited Gatehouse Bank Plc Arbuthnot Latham & Co Limited Ghana International Bank Plc Atom Bank PLC Goldman Sachs International Bank Axis Bank UK Limited Guaranty Trust Bank (UK) Limited Gulf International Bank (UK) Limited Bank and Clients PLC Bank Leumi (UK) plc Habib Bank Zurich Plc Bank Mandiri (Europe) Limited Hampden & Co Plc Bank Of Baroda (UK) Limited Hampshire Trust Bank Plc Bank of Beirut (UK) Ltd Handelsbanken PLC Bank of Ceylon (UK) Ltd Havin Bank Ltd Bank of China (UK) Ltd HBL Bank UK Limited Bank of Ireland (UK) Plc HSBC Bank Plc Bank of London and The Middle East plc HSBC Private Bank (UK) Limited Bank of New York Mellon (International) Limited, The HSBC Trust Company (UK) Ltd Bank of Scotland plc HSBC UK Bank Plc Bank of the Philippine Islands (Europe) PLC Bank Saderat Plc ICBC (London) plc Bank Sepah International Plc ICBC Standard Bank Plc Barclays Bank Plc ICICI Bank UK Plc Barclays Bank UK PLC Investec Bank PLC BFC Bank Limited Itau BBA International PLC Bira Bank Limited BMCE Bank International plc J.P.
    [Show full text]
  • Il Modello Predittivo Degli Eventi Futuri Del CRNE - Centro Ricerche Nuove Energie
    Il Modello Predittivo degli Eventi Futuri del CRNE - Centro Ricerche Nuove Energie: Analisi GeoPolitiche, Tecnologiche & Smart City Solution - Advice Service CRNE Science & Business Vision Il CRNE Centro Ricerche Nuove Energie nasce nel 1998, e nel 2015 la “Divisione Ricerca e Sviluppo” ha sviluppato “un modello predittivo degli eventi futuri basato sul censimento delle minacce ponderate”. Si tratta di “un servizio di consulenza sulle aspettative future” unico nel suo genere sul panorama nazionale e internazionale, in cui viene esposto in maniera chiara una visuale precisa degli eventi futuri, che noi riteniamo altamente probabili, sia sul breve, che nel medio, che nel lungo periodo. Il Modello Predittivo degli eventi futuri del CRNE è uno strumento prezioso per quanti vogliono avere una visione moderna e all’avanguardia dell’evoluzione degli eventi, per proteggersi nell’immediato futuro dalle minacce ponderate che abbiamo censito, che sono esposte in forma cronologica nel modello predittivo. Sta alla sensibilità del lettore tenere in considerazione per il proprio futuro quanto riportato in questa relazione. CRNE Science & Business Vision is an Advice Service to Avoid Future’s Systemic Crisis These Are Our Areas of Expertise: Geopolitical Analysis and Solutions - Investment in Work & Residential CRNE Concept Outside Italy, called “Smart City Project”, named “Backup Italy” Advice Service for Human Resources & Capital Money Protection - Scientific and Technological Research - Development Service for Start Up, Patent and Prototype for CRNE’s Smart City - International Financial Analysis & Development Performance’s Strategy for Stock Market CRNE leads the way to the future to the best Italians, Serenity is our goal, Choose to live under CRNE wings&vision.
    [Show full text]
  • RECOMMENDED ALL-SHARE OFFER for VIRGIN MONEY HOLDINGS (UK) PLC by CYBG PLC Summary
    THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY CYBG AND VIRGIN MONEY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW CYBG SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT WHICH ARE PROPOSED TO BE PUBLISHED IN DUE COURSE FOR IMMEDIATE RELEASE 18 JUNE 2018 RECOMMENDED ALL-SHARE OFFER FOR VIRGIN MONEY HOLDINGS (UK) PLC BY CYBG PLC Summary The Boards of CYBG PLC ("CYBG") and Virgin Money Holdings (UK) plc ("Virgin Money") are pleased to announce that they have agreed the terms of a recommended all-share offer to be made by CYBG for Virgin Money (the "Offer") to create the UK's first true national banking competitor to the status quo. Under the terms of the Offer, Virgin Money Shareholders will receive: 1.2125 New CYBG Shares in exchange for each Virgin Money Share Based on the Closing Price of 306 pence per CYBG Share on 15 June 2018 (being the last Business Day before the date of this Announcement), the Offer values each Virgin Money Share at 371 pence and Virgin Money's ordinary shares on a fully diluted basis at approximately £1.7 billion, representing a premium of: ‒ 19 per cent.
    [Show full text]
  • Day One: March 24Th
    Day One: March 24th 09:00 FinTech Network Welcome: Hannah Kitchen, Conference Organiser 09:15 Chairperson’s Introduction & Welcome: Graham Cressey, Open Data Stream Lead, FinTech Innovation Lab, Accenture 09:30 Open Banking and Digital Ecosystems: BBVA's key learnings. • Explore digital ecosystems as one of the key points for the connection and relationship between consumers and service providers today • Discuss if the need for financial services is efficiently met and how to improve current inefficiencies • Analyse how Open banking is an enabler of these relationships and the new opportunities it brings for innovation and growth Ana Climente, Head of Open Banking Spain, BBVA 10:00 Leveraging the Core Values of your Business Model in an Open Banking Environment • Gain insight on the methods Handelsbanken is employing to integrate an open value chain into their existing unique business model • Learn why Handelbanken’s branches are a key component of creating an open value chain and how they ensure synergy between branches and corporate strategies • Hear Handlesbanken’s case study on how collaboration is a key element for creating a business model fit for the 2020 open banking landscape Malin Lignell, Digitalisation and Innovation, Handelsbanken 10:30 Panel Discussion: Driving Open Banking Forward – Regulatory Guidance • Review recent regulatory activity relating to open banking and hear an overview of expected future developments to ensure your compliance strategies align • Discuss collaboration between banks and regulators to understand
    [Show full text]