All articles by Verdict Staff
Verdict Staff
Bank Hapoalim to shed 1,500 jobs
Israeli lender Bank Hapoalim has secured approval for a cost-cutting plan from its board that will result in early retirement of 1,500 employees from 2017 to 2020.
UniCredit concludes Ukrsotsbank sale to ABH Holdings
Italian banking group UniCredit has completed the sale of a 99.9% stake in Ukraines Ukrsotsbank to ABH Holdings (ABHH).
Yes Bank taps ToneTag technology for offering sound-based payments
Indian private sector lender Yes Bank has joined forces with mobile payment solutions provider ToneTag to integrate sound-based contactless payments on its YES Pay mobile wallet.
Ant Financial makes strategic investment in Ascend Money
Ant Financial, the financial services affiliate of Alibaba Group, has agreed to make a strategic investment in Ascend Money, the online-payments arm of Thai conglomerate Charoen Pokphand Group.
HSBC establishes new R&D lab for fintech in Hong Kong
HSBC has launched a research and development innovation laboratory (RDI Lab) in Hong Kong in collaboration with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to support innovation in the financial technology space.
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Chinese payment platform Alipay enters into agreement with Commonwealth Bank
Alipay, a Chinese online payment platform run by Alibaba spin-out Ant Financial, has entered into an agreement with Commonwealth Bank of Australia to provide payment solutions for Australian and Chinese consumers and retailers.
OCBC Bank rolls out payment service via Apples Siri, iMessage
Singapores OCBC Bank has become the first bank in Asia Pacific to let customers send cash by issuing a voice command to Apples virtual assistant Siri, and via the iMessage.
BNP Paribas retail banking arm reports 8.4% rise in Q3 pre-tax income
The retail banking division of BNP Paribas has posted pre-tax income of 2.36bn for the third quarter of 2016, an increase of 8.4% compared to 2.18bn for the same period a year ago.
Former Barclays CEO launches fintech business
Antony Jenkins, the former CEO of British banking group Barclays, has launched a new fintech business, named 10x Future Technologies.
DBS Bank to snap up ANZ’s operations in five Asian markets
DBS Bank has agreed to buy Australia and New Zealand Banking Group’s (ANZ) retail banking and wealth management business in five Asian markets for nearly SGD110m.