All articles by Verdict Staff
Verdict Staff
Wells Fargo and Axis Bank strike bilateral remittance pact
Indian private sector lender Axis Bank has tied up with US banking major Wells Fargo to offer remittance facility for its NRI-customers in the US.
SBI Card targets mass market with new credit card
SBI Card, an arm of Indian public sector lender State Bank of India (SBI), has introduced new credit card with zero annual fee, to target the bank’s low-income segment.
That’s enough lipstick
Digital initiatives remain a major priority for retail banks as they seek to meet the challenges of new regulations, disruptive start-ups and changing expectations from consumers. Christian Ball, head of retail – Atlantic region at GFT, writes
GarantiBank International deploys Five Degrees’ Matrix solution
GarantiBank International in the Netherlands, a unit of Spain’s BBVA Group, has gone live with Five Degrees’ Matrix solution to drive operational efficiency in its retail banking business.
Citigroup refunds $5m to customers over improper fee disclosures
Citigroup’s Australian unit has refunded about $5m to nearly 230,000 customers for inadequate credit card fee disclosures regarding online purchases of products overseas.
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ACCC bars Australian banks to bargain collectively with Apple over Apple Pay
The Australian Competition and Consumer Commission (ACCC) has barred four domestic banks to collectively bargain with Apple and boycott its payment system, Apple Pay.
PyraMax Bank taps Fiserv to enhance retail banking operations
PyraMax Bank, a Wisconsin-based mutual savings bank, has chosen Fiserv as a technology partner to modernise its retail banking operations.
C&CCC taps VocaLink and BancTec to run image-based cheque clearing system
The Cheque and Credit Clearing Company (C&CCC) has selected VocaLink and BancTec to run the infrastructure for UK’s new image-based cheque clearing system.
Latvia’s Norvik Bank and Belarusian private company buy Sberbank Ukraine
A consortium of investors that includes Norvik Bank (Latvia) and a Belarusian private firm has agreed to acquire the Ukrainian subsidiary of Russian lender Sberbank.
Wells Fargo agrees to pay $110m over illegal sales practices
Wells Fargo has agreed in principle to pay $110m to settle a class action lawsuit over retail sales practices.