All articles by Verdict Staff
Verdict Staff
Abu Dhabi and Mauritius financial regulators sign cooperation agreement
Abu Dhabi Global Market (ADGM) and the Mauritius Financial Services Commission (Mauritius FSC) have signed a memorandum of understanding (MoU) to improve cross-border regulatory cooperation or the supervision of financial institutions.
Wipro to acquire Brazils banking technology provider InfoSERVER
Indian IT giant Wipro has agreed to acquire InfoSERVER, a provider of custom application development and software deployment services to banks, financial institutions and insurance firms, for $8.7m.
India Post obtains payments bank licence
India Post has secured a licence from the Reserve Bank of India (RBI) to begin payments bank operations.
Sopra Banking Software acquires 100% stake in Cassiopae
Sopra Banking Software, a subsidiary of Sopra Steria, has raised its stake in financial software provider Cassiopaes holding company KSEOP to 100%.
First Merchants Bank to snap up The Arlington Bank
Indiana-based First Merchants Bank has agreed to acquire Ohio-based The Arlington Bank in a deal worth about $75.8m.
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Al Rajhi Bank taps Gemalto technology for instant EMV card issuance
Saudi Arabia’s Al Rajhi Bank has deployed Gemaltos instant card issuance solution for its new generation of self-service kiosks.
Yorkshire Building Society to trim branch network
Yorkshire Building Society Group has unveiled plans to shed 48 branches in response to increasing adoption of digital banking channels by customers.
Simmons First National to snap up First Texas BHC for $462m
Simmons First National has agreed to acquire First Texas BHC, the parent of Southwest Bank, in a deal worth about $462m.
Ant Financial agrees to acquire MoneyGram for $880m
Ant Financial, the digital payments arm of e-commerce giant Alibaba, has reached an agreement to acquire US-based money transfer services provider MoneyGram, in a cash transaction valued at $880m.
Santander Q4 net profit rises to 1.6bn
Spanish banking group Santander has posted a net profit of 1.6bn for the fourth quarter of 2016, compared to 25m for the same quarter of 2015 when profit was hit by payment protection insurance provision in the UK.