All articles by Verdict Staff

NBAD net profit surges 28% in Q4

National Bank of Abu Dhabi (NBAD) reported a net profit of AED1.33bn for the fourth quarter of 2016, an increase of 28.3% compared to AED1.03bn in the year ago.

NBAD partners with Ripple to offer blockchain payments

National Bank of Abu Dhabi (NBAD) has partnered with blockchain payments company Ripple to launch real time, cross-border payments based on blockchain technology.

Fidor joins forces with EPAM Systems to drive innovation

Fidor, the German digital banking solutions provider behind Fidor Bank, has signed a partnership with US-based technology provider EPAM Systems to extend its footprint in strategic regions.

Is the British banking system institutionally racist?

Recent research showed that black victims of fraud are more than twice as likely to be denied a refund by their bank as white customers.

Is this a blip or a sign of a greater problem?

Citigroup to exit US mortgage-servicing business

Citigroup is set to exit its US mortgage-servicing business by the end of 2018 and instead focus on originations in order to improve returns on capital and reduce costs.

BNP Paribas Securities Services takes stake in fintech startup Fortia

BNP Paribas Securities Services has acquired a minority stake in Fortia Financial Solutions, a fintech startup that focuses on artificial intelligence, machine learning and business process monitoring to help firms meet compliance needs.

Deutsche Bank fined $630m over money laundering claims

Deutsche Bank has agreed to pay $630m in total to US and UK authorities to settle allegations of engaging in a money laundering scheme to move money out of Russia, and for exposing the UK financial system to the risks of financial crime.

Online lender Spotcap expands into New Zealand; partners with Heartland Bank

Spotcap, a Germany-based online lender for small and medium-sized enterprises (SMEs), has launched operations in Auckland, New Zealand.

Adoption of mobile payment continues to rise: MEF study

A study report published by trade body Mobile Ecosystem Forum (MEF) has revealed that nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing a surge of 10% from the same period in 2014.

Citigroup adds credit card scanning feature to mobile app

American banking major Citigroup has incorporated credit card scanning functionality into its Citi Mobile App.