All articles by Verdict Staff

Verdict Staff

Worldline and Sparda-Banken extend contract until 2022

Worldline, through its equensWorldline subsidiary specialised in financial processing, and the association of Sparda-Banken have extend their business relationship for further six years.

London city professionals weighing relocation after Brexit: Morgan McKinley study

Despite a vast majority of London city professionals dissatisfied with the outcome of Britain’s vote to quit the European Union, only few plan to relocate away from the city, according to a survey by Morgan McKinley.

Commercial Bank of Ceylon subsidiary sets up money transfer business in Italy

Commex Sri Lanka, a unit of Commercial Bank of Ceylon, has launched its money transfer operation in Italy after securing money transfer licence from the Bank of Italy.

ADCB collaborates with Xpress Money to offer international remittance services

Abu Dhabi Commercial Bank (ADCB) has partnered with Xpress Money to offer international account credit services through its existing mobile banking app.

Abu Dhabi Global Market signs MoU with FinanceMalta on bilateral cooperation

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has signed a memorandum of understanding (MoU) with FinanceMalta (FM), the organisation responsible for the development of the country’s financial centre, to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both financial markets.

Australian watchdog orders banks to review cross-selling practices

Australian Securities and Investments Commission (ASIC) has ordered major banks to independently audit their cross-selling practices, where banks seek to sign customers up for multiple products, often in wealth management.

Bank of Jordan taps Wolters Kluwer solution to manage liquidity risk

Bank of Jordan has selected the Netherlands-based Wolters Kluwer’s risk management software OneSumX to manage its liquidity risk and asset and liability management (ALM) requirements.

Deutsche Borse invests in German fintech firm figo

DB1 Ventures, the corporate venture capital arm of Deutsche Borse, has invested a seven-digit amount in German fintech firm figo for a significant minority stake.

Czech bank Ceska sporitelna to accept UnionPay cards

UnionPay International has inked an agreement with Czech commercial bank Ceska sporitelna to expand its card acceptance in the country.

EBRD slashes stake in Romania’s Banca Transilvania

The European Bank for Reconstruction and Development (EBRD) has slashed its equity stake in Romanian lender Banca Transilvania by 2.9%.