All articles by Verdict Staff
Verdict Staff
DBS Bank opens new innovation facility in Singapore
DBS Bank has opened its new Singapore innovation lab – DBS Asia X (or DAX) – to foster greater collaboration with the fintech eco-system.
FCA, PBOC ink fintech co-operation agreement
The UKs Financial Conduct Authority (FCA) has signed a cooperation agreement with the People’s Bank of China (PBOC) to promote innovation in the financial technology space in the two markets.
Barclays divests Barclaycard Southern European card business
Barclays has closed the sale of its Barclaycard consumer payments business in Portugal and Spain to WiZink Bank.
BPI signs remittance deal with Westpac
Bank of the Philippine Islands (BPI) has partnered with Australian banking group Westpac to facilitate remittance service from Australia into the Philippines.
South Korean government offloads 29.7% stake in Woori Bank
The government of South Korea has agreed to sell its 29.7% stake in local lender Woori Bank to multiple investors.
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Citi rolls out global API developer portal
US banking major Citi has unveiled a new global application programming interface (API) portal to allow developers build innovative client solutions faster.
Bank of England gives banks additional two years to build up capital buffers
The Bank of England (BoE) has given banks another two years to build £20bn of extra capital to ensure that they avoid a taxpayer bailout if they collapse.
Concern levels for regulatory compliance, risk management fall among US banks
Concern levels for regulatory compliance and risk management are dropping among banks and credit unions across the US, despite increasing regulatory constraints, according to Wolters Kluwers annual Regulatory and Risk Management Indicator survey.
UniCredit net profit slumps 12% in Q3
Italian banking group UniCredit has reported an attributable net profit of 447m for the third quarter of 2016, a fall of 11.8% compared to 507m in corresponding quarter of 2015.
Citibank launches own mobile wallet, Citi Pay
Citibank has launched its very own digital wallet called Citi Pay, to challenge those from Apple, Samsung Google and JPMorgan Chase.