All articles by Verdict Staff
Verdict Staff
Mizuho Financial Group to set up innovation lab
Japan’s Mizuho Financial Group has announced plans to launch an innovation lab to facilitate fintech innovation.
RBI approves 100% FDI in other financial services
The Reserve Bank of India (RBI) has given the go-ahead to 100% foreign direct investment (FDI) under the automatic route in ‘other financial services’.
BNP Paribas and Credit Mutuel to merge their digital wallets
A pair of digital wallets backed by French banking groups BNP Paribas and Credit Mutuel are set to merge into a unified platform.
FirstRand Bank to close retail and SME lending operations in India
South African lender FirstRand Bank is set to shut down its retail and small and medium enterprises (SME) lending business in India.
Societe Generale sets up new technology hub
French banking group Societe Generale has launched a technology, dubbed The Dunes , to support its digital transformation.
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US regulators propose new cyber security rules for financial providers
US banking regulators have proposed new cyber security standards to protect the financial services industry from cyber attacks and technology failures.
Malaysia unveils fintech regulatory sandbox framework
Malaysia has set up a fintech regulatory sandbox framework to support innovations in the countrys financial services sector.
U.S. Bancorp income rises to $1.5bn in Q3
U.S. Bancorp, the parent of U.S. Bank, has reported net income of $1.5bn for the third quarter of 2016, a marginal rise of 0.9% compared to $1.49bn a year ago.
More than three million debit cards in India come under threat
More than three million debit cards of the Indian banks, including SBI, HDFC Bank, ICICI, YES Bank and Axis Bank, have been compromised.
BFC Bank secures UK banking licence
BFC Bank, a subsidiary of the Bahrain Financing Company money transfer group, has received a UK banking licence from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).