All articles by Verdict Staff
Verdict Staff
TSYS renews payments services agreement with BBVA Compass
US-based credit card processor TSYS has inked a long-term renewal of its payments services agreement with BBVA Compass to continue processing the banks consumer, commercial and small business credit card portfolios.
Retail lending in India: YES Bank introduces chatbot for instant loan offering
YES Bank has launched YES mPower, a banking chatbot for its loan products making it the only bank in India to offer this feature.
Renasant and Metropolitan BancGroup to merge in $190.2m deal
Mississippi-based Renasant, the parent of Renasant Bank, has agreed to acquire local rival Metropolitan BancGroup, the parent of Metropolitan Bank, in an all-stock deal worth $190.2m.
Equiniti snaps up Marketing Source and Gateway2Finance
Specialist technology outsourcer Equiniti Group has acquired data analytics and cyber security firm Marketing Source and loan brokerage firm Gateway2Finance (G2F), both based in UK, for undisclosed amounts.
Clydesdale and Yorkshire Bank to shutter 79 branches
The Clydesdale and Yorkshire banking group (CYBG) is shutting down a total of 79 branches, putting at risk jobs of 400 employees.
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Citigroup net income rises 7% in Q4
Citigroup has reported net income of $3.57bn for the fourth quarter of 2016, an increase of 7% compared to $3.33bn a year ago.
Daimler Financial Services takes over PayCash Europe
Daimler Financial Services has announced plans to acquire Luxembourg-based electronic payment services provider PayCash Europe for an undisclosed sum.
EBA Clearing kicks off testing pan-European instant payments system
EBA Clearing, a provider of pan-European payment infrastructure, has commenced the testing phase for its pan-European instant payment infrastructure platform, which is slated to go live in November 2017.
UnionPay partners with CIBC for cross-border remittance service in Canada
UnionPay International in partnership with Canadian Imperial Bank of Commerce (CIBC) has introduced UnionPay cross-border remittance service in Canada.
U.S. Bancorp net income remains flat at $1.48bn in Q4
U.S. Bancorp has reported net income of $1.48bn for the fourth quarter of 2016, marginally up compared to $1.47bn in the same quarter of 2015.