All articles by Verdict Staff

Verdict Staff

Wipro rolls out Open Banking API platform

Indian IT giant Wipro has launched its Open Banking API (Application Programming Interface) platform that will help banks and financial institutions launch Open Banking initiatives.

UK fintech startup Soldo unveils multi-user spending account

Soldo, a British financial technology startup established by technology entrepreneur Carlo Gualandri, has introduced a multi-user spending account in the UK and Italy.

Banks looking to innovate to ward off challenges from fintech start ups

Retail banks see financial technology firms as significant challenges and are aggressively embracing new technologies to innovate, according to a research conducted by Infosys Finacle and global non-profit organisation Efma.

Online lender Spotcap launches operations in UK

Spotcap, a Germany-based online lender for small and medium-sized enterprises (SMEs), has expanded into the UK market.

BBVA signs CRM agreement with Salesforce to accelerate digital transformation

Spanish lender BBVA has signed a memorandum of understanding (MoU) with Salesforce to use the latter’s cloud computing services to improve the bank’s customer relationship management (CRM) strategy.

First Global launches mobile payment service in India with Vijaya Bank

First Global Data, a Canada-based financial services technology company, has launched its mobile payment service in India with Vijaya Bank under the brand VPayQwik.

Nicolet Bankshares to snap up First Menasha Bancshares

Green Bay, Wisconsin based Nicolet Bankshares, the parent of Nicolet National Bank, has agreed to acquire Neenah, Wisconsin-based First Menasha Bancshares and its wholly owned banking subsidiary, The First National Bank- Fox Valley in a deal worth about $76.6m.

Tesco Bank hit by cyber attack

Tesco Bank, owned by Britain’s biggest retailer Tesco, has frozen accounts after an online heist that resulted in cash being stolen from 20,000 accounts.

GE closes spin-off and merger of Bank BPH’s core bank into Poland’s Alior Bank

General Electric (GE) has concluded the spin-off and merger of Bank BPH’s core bank into Polish lender Alior Bank.

Westpac annual statutory net profit falls 7%; earnings rise in consumer banking unit

Australian banking group Westpac has reported statutory net profit of A$7.44bn for the full year ended September 2016, a fall of 7% compared to the prior year.