All articles by Verdict Staff
Verdict Staff
Lone Star buys 75% stake in state-rescued Portuguese bank Novo Banco
The Portuguese government has agreed to offload a 75% stake in Novo Banco to US private equity firm Lone Star in exchange for a capital infusion of €1bn.
BNP Paribas to buy controlling stake in French online bank Compte-Nickel
French banking group BNP Paribas has agreed to acquire a 95% stake in Financiere des Paiements Electroniques (FPE), which runs French neo-bank Compte-Nickel, for an undisclosed sum.
PSD2 – a catalyst for Pay By Mobile
PSD2 marks a revolutionary industry development and will have a far-reaching impact on payments and digital commerce. The integration of Third Party Providers (TPPs) into the FCA’s regulatory framework will provoke new levels of transparency and security in online money transfer, and open the way for a new wave. Simon Pepper, head of product at Tola, writes
Bahrain turns to Singapore to develop own fintech hub
The Bahrain Economic Development Board (EDB) has collaborated with Singapore Fintech Consortium (SFC) and UAE-based Trucial Investment Partners to develop a fintech ecosystem and regulatory framework.
Fino Paytech receives approval to launch payment bank
Mobile payment firm Fino Paytech has secured the final licence from the Reserve Bank of India (RBI) to establish Fino Payments Bank.
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First Gulf Bank, National Bank of Abu Dhabi complete merger
First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD) have completed their merger to create the largest bank in the UAE with AED670bn ($180bn) in assets.
ANZ to launch voice biometrics for mobile banking
Australia and New Zealand Banking Group (ANZ) has announced plans to introduce voice biometrics to boost security of high value transactions on its mobile banking platform.
Japan, Belgium financial regulators ink cooperation agreement
Japan’s Financial Services Agency (FSA) and the National Bank of Belgium (NBB) have signed an agreement to enhance cooperation in the area of banking supervision.
The Digital Banking Club Launches the 2017 European Power 50 Awards – Nominations Now Sought
The Digital Banking Club (DBC) launches its fourth annual Power 50 awards of the most influential people in mobile and online financial services, the only independent ranking in digital financial services in Europe.
Bank of Tokyo-Mitsubishi UFJ joins Ripple’s interbank group for global payments
The Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking unit of the Mitsubishi UFJ Financial (MUFG), has joined Ripple’s interbank group for global payments based on distributed financial technology – Global Payments Steering Group.