All articles by Verdict Staff
Verdict Staff
Bigbank taps Accuity to spot financial crime risk
Estonian lender Bigbank has selected Accuity to streamline its account and payments screening processes to mitigate the risk of financial crime.
Whitney Bank receives regulatory nod for acquisition of nine First NBC Bank branches
Whitney Bank, the banking subsidiary of Hancock Holding Company, has obtained regulatory approval to acquire nine branches and about $1.3bn in loans from First NBC Bank, a banking unit of First NBC Bank Holding Company.
Lloyds annual pre-tax profit surges to £4.2bn
Lloyds Banking Group has reported a statutory pre-tax profit £4.23bn for the year ended 31 December 2016, a huge surge compared to £1.64bn a year ago.
TSYS, International Bank of Qatar ink payments agreement
TSYS, a US-based credit card processor, has inked a licensing agreement with International Bank of Qatar (ibq) whereby the bank will leverage TSYS’ PRIME payment solutions platform.
Grameen America, Citi and MasterCard to unveil digital finance platform
Grameen America, a microfinance organisation, has partnered with Citi and MasterCard to roll out a range of fintech solutions to promote digital financial access and inclusion for over 86,000 low-income women entrepreneurs across the US.
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Valiant Bank taps Backbase to enhance customer experience
Valiant Bank, an independent bank for retail clients and SMEs in Switzerland, has chosen Backbase’s omni-channel banking platform to launch its new customer engagement platform.
Ant Financial to invest $200m in South Korea’s Kakao Pay
Ant Financial, the payment affiliate of Chinese e-commerce giant Alibaba Group, will invest $200m in Kakao Pay, the mobile finance subsidiary of South Korean messaging platform Kakao.
ADGM, Central Bank of Jordan sign accord to improve banking & financial supervision
Abu Dhabi Global Market (ADGM) and the Central Bank of Jordan (CBJ) have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in their financial markets.
HSBC annual pre-tax profit plummets 62%
British banking group HSBC has posted pre-tax profit of $7.1bn for the year ended 31 December 2016, a slump of 62.3% compared to $18.8bn a year ago.
RBS to abandon Williams & Glyn spin-off
Royal Bank of Scotland (RBS) has announced that it could scrap the sale of Williams & Glyn (W&G) division after an agreement was reached between the HM Treasury and the European Commission (EC).