Anne Arvia, Banking Industry Executive, Joins Cornerstone Advisors

Cornerstone Advisors, a leading management and technology consultancy for banks, credit unions, and fintech firms, announced that Anne Arvia, a highly lauded financial services industry leader, has joined the firm as principal strategic transformation and program management. “Anne Arvia adds a unique level of executive experience to our firm,” said Quintin Sykes, a partner at Cornerstone Advisors and head of its M&A and Enterprise Program Management Group. “She is a proven leader in the financial services industry...

UBS to Acquire Credit Suisse

Creates leading global wealth manager with USD 5 trillion of invested assets across the Group Extends UBS lead in Swiss home market UBS strategy unchanged, including focus on growth in Americas and APAC Attractive financial terms which include downside protection Annual run-rate of cost reduction of more than USD 8 billion expected by 2027 UBS remains strongly capitalized well above our target of 13% and committed to progressive cash dividend policy A focused Investment Bank,...

Brankas Secures Payments Licenses in Indonesia & the Philippines

Brankas is now a licensed payment service provider after acquiring the Bank Indonesia (BI) Payment Service Provider (PJP) Category 3 License and the Operator of Payment Systems (OPS) certificate from the Bangko Sentral ng Pilipinas (BSP). As a BI-registered PSP, Brankas is authorized by BI to conduct payment transactions after demonstrating compliance with the regulatory body’s standards for companies conducting remittance services. As a BSP-registered OPS, Brankas is now under the supervision of the BSP...

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