All articles by Verdict Staff

Verdict Staff

Net Element partners with Mashreqbank for payment processing

Net Element, a provider of mobile payment technology solutions, has entered into a payment gateway processing agreement with the UAE-based Mashreqbank.

Finance professionals regard technology as opportunity rather than threat: CIMA study

Finance professionals do not fear the rise of artificial intelligence, automation and robots despite popular fears which range from job losses to doomsday scenarios, a survey conducted by the Chartered Institute of Management Accountants (CIMA) has found.

Mauritius’s SBM Bank forays into Kenya’s banking sector

SBM Holdings, Mauritius’s second-biggest bank, has agreed to acquire Kenya’s Fidelity Commercial Bank by the end of this year.

Airtel heralds era of payments banks in India

Indian telecom group Bharti Airtel has launched a pilot of its payment bank in Rajasthan offering an interest rate of 7.25% on deposits in savings account.

Mashreq extends payment processing contract with Planet Payment

UAE-based banking group Mashreq has extended its contract with Planet Payment, a provider of international and multi-currency payment processing services, through 2021.

IBM concludes Promontory Financial acquisition

Tech giant IBM has wrapped up the acquisition of Promontory Financial Group, a risk management and regulatory compliance consulting firm.

NatWest and RBS launch new mortgage offering for home buyers

NatWest and Royal Bank of Scotland (RBS) have launched a new mortgage product for home buyers with a deposit below 10%.

Visa amends its EMV debit card transaction-routing policies

Visa has tweaked its chip debit card transaction-routing policies to help merchants and acquirers better understand implementation options pertaining to the adoption of EMV chip technology in the US.

Chase rolls out new digital payment solution

Chase, the consumer and commercial banking business of JPMorgan Chase, has launched Chase Pay, a new digital payment solution that will work in stores, in app and online.

Credit Suisse’s new Swiss entity starts operations

Credit Suisse’ new Swiss legal entity Credit Suisse (Schweiz) AG has commenced operations ahead of stock market flotation by the end of 2017.