All articles by Verdict Staff
Verdict Staff
UK to launch new image-based cheque clearing system
The Cheque and Credit Clearing Company (C&CCC) has unveiled plans to launch a new image-based cheque clearing system to accelerate processing for customers.
UOB secures preliminary nod to set up foreign-owned subsidiary in Vietnam
Singapore’s United Overseas Bank (UOB) has obtained preliminary approval to launch a foreign-owned subsidiary bank in Vietnam.
Diamond Trust Bank to buy Habib Bank
Diamond Trust Bank of Kenya has agreed to acquire Pakistani lender Habib Bank for an undisclosed sum.
Pacific Premier Bancorp secures regulatory nod for Heritage Oaks Bancorp acquisition
Pacific Premier Bancorp, the parent of Pacific Premier Bank, has secured the go-ahead from the board of governors of the Federal Reserve System and the California Department of Business Oversight for its acquisition of Heritage Oaks Bancorp, the parent of Heritage Oaks Bank.
Payments Canada taps Accenture to revamp the country’s payments architecture
Payments Canada, an organisation that operates the country’s payment clearing and settlement system, has selected Accenture to help implement ‘Modernization’ —its initiative to overhaul the country’s payments ecosystem.
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Warburg Pincus to acquire a 35% stake in Avaloq
Private equity group Warburg Pincus has agreed to acquire a 35% stake in Swiss fintech firm Avaloq from existing shareholders.
Cathay General-SinoPac merger secures Fed approval
The Federal Reserve has given the go-ahead to the acquisition of California-based SinoPac Bancorp by local lender Cathay General Bancorp and their subsequent merger.
Goldman Sachs, hedge funds buy 30% stake in Arion Bank
Goldman Sachs and a group of hedge funds have acquired a stake of about 30% in Iceland’s Arion Bank for ISK48.8bn ($448.3m).
Russian Post Bank selects Diebold Nixdorf for cash recycling systems
The Russian Post Bank, a joint venture between VTB and Russia’s state-run postal service, has chosen 3,200 self-service cash recycling systems, software and services from Diebold Nixdorf to drive its ATM network expansion.
Yes Bank taps Payjo to introduce AI-powered Bot
Indian private sector lender Yes Bank has partnered with Silicon Valley-based venture Payjo to launch artificial intelligence led digital initiatives.