All articles by Verdict Staff

Verdict Staff

Mobile-only service Tide launches in UK

Tide, a mobile-only banking service for small businesses founded by ex-RBS/Worldpay head of innovation George Bevis, has launched in the UK.

Diebold Nixdorf sets up direct presence in Myanmar

Diebold Nixdorf, the entity formed following the recently concluded acquisition of German ATM manufacturer Wincor Nixdorf by American rival Diebold, has opened an office in Yangon, Myanmar.

Encompass introduces new AML solution for banks

Regulatory technology provider Encompass has unveiled a fully automated Know Your Customer (KYC) solution for banks to facilitate compliance with anti-money laundering (AML) and counter terrorism finance (CTF).

Deutsche Bank net loss shrinks in Q4

Deutsche Bank has recorded a net loss of €1.89bn for the fourth quarter of 2016, compared to a net loss of €2.12bn in the year ago quarter.

ING net profit drops 8% in Q4

Dutch banking group ING Group has reported net profit of €750m for the fourth quarter of 2016, down 8.4% compared to €819m in the year ago period.

Online lender SoFi to take over digital banking startup Zenbanx

Online lending firm SoFi has agreed to acquire Delaware-based mobile-banking startup Zenbanx for an undisclosed sum.

Pelican launches fraud prevention platform for SWIFT and wire payments

Pelican, a provider of payments and compliance solutions, has launched a new fraud prevention solution, powered by artificial intelligence (AI), to combat fraud threats and the vulnerabilities facing SWIFT and wire payments.

Chinese bank brands most valued in world

The combined brand value of Chinese banks has overtaken that of the US, driven by consumers’ lack of cynicism, an affinity for brands and economic patriotism, according to a report by valuation and strategy consultancy Brand Finance.

Crocs deploys PlumRiver’s solution to improve wholesale retailer merchanding programme

Casual footwear brand Crocs has chosen ecommerce software solutions developer PlumRiver to help improve its wholesale retailer merchandising programme through the rollout of a global B2B ecommerce initiative.

Bryn Mawr Bank to buy Royal Bancshares of Pennsylvania for $127.7m

Pennsylvania-based Bryn Mawr Bank, parent of The Bryn Mawr Trust Company, has agreed to acquire local rival Royal Bancshares of Pennsylvania, parent of Royal Bank America, in a $127.7m deal.