All articles by Verdict Staff
Verdict Staff
Ujjivan Financial Services begins operations as small finance bank
Indian microfinance firm Ujjivan Financial Services has started small finance banking operations by launching five pilot branches in the Indian state of Bengaluru, Karnataka.
Octopus partners UK challenger banks for new savings account
Octopus Labs, the innovation and product development arm of Octopus Investments, has teamed up with a number of British challenger banks to offer tech-enabled savings account Octopus Cash, which will give customers nearly twice the high street average.
Wells Fargo, Intuit ink data sharing agreement
Wells Fargo has signed a data-exchange agreement with Intuit, allowing its customers using financial management tools such as QuickBooks to tap into an application-programming interface (API) when importing account information.
ABN Amro to axe 60% of senior management roles
Dutch banking major ABN Amro plans to shed 60 of its 100 senior management roles as part of a management restructure.
BMPS to divest merchant acquiring operations to ICBPI for 520m
Italy-based Banca Monte dei Paschi di Siena (BMPS) has agreed to divest its merchant acquiring business to Istituto Centrale delle Banche Popolari Italiane (ICBPI) for 520m.
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NAB cash profit slips 1% to A$1.6bn in Q1
National Australia Bank (NAB) has reported cash earnings of A$1.6bn for the first quarter (Q1) ended 31 December 2016, down 1% compared to A$1.7bn a year ago and also down 1% from the quarterly average of the September 2016 half year figure.
Genpact to buy Fiservs item processing assets in Australia
Genpact, a provider of digitally-powered business process management and services, has agreed to acquire the Australia-based Item Processing Business (IPB) of fintech provider Fiserv for an undisclosed sum.
Consumers faith on banks security levels misplaced
Consumers views regarding the levels of security in the financial services sector highly contradicts with that of industry insiders, according to a research by Capgemini.
Emirates NBD launches new digital banking service
Emirates NBD has launched a new digital bank, known as Liv., aimed at millennial customers.
South West and Scotland the most attractive regions for SME lenders
In April 2016 the UK government launched the SME credit data sharing scheme with nine banks and three credit reference agencies.