All articles by Verdict Staff
Verdict Staff
Consumers prefer traditional financial firms for digital services: CGI survey
CGI Groups latest consumer survey on digital financial services has revealed that over 75% of consumers want to acquire new digital financial services from their current financial institution or another traditional provider over a non-traditional provider.
Goldman Sachs rolls out online lending platform
Goldman Sachs has launched an online platform known as Marcus by Goldman Sachs for offering unsecured personal loans to consumers with credit-card debt.
Cinven, CVC to acquire NewDay in UK
Cinven, a British private equity firm, and Luxembourg-based CVC Capital Partners have agreed to purchase NewDay, a consumer finance provider specialising in the UK credit card market, from Varde Partners.
Online money transfer specialist Fonmoney speeds up customer verification with HooYu
Online money transfer specialist Fonmoney has partnered with identity confirmation provider HooYu to fast track its KYC (Know Your Customer) procedures for welcoming and verifying new customers.
Deutsche Bank implements freeze on hiring
German banking group Deutsche Bank has implemented a companywide hiring freeze in a bid to cut costs and boost profitability.
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UniCredit raises 552m from FinecoBank stake sale
Italian banking group UniCredit has raised 552m by selling a 20% stake in its online bank FinecoBank as as part of CEO Jean-Pierre Mustiers strategy to boost capital ratios.
Barclays to offload non-core Italian loan portfolio to IBL Banca
Barclays Bank has agreed to sell £260m worth of its salary secured loans portfolio in Italy to IBL Banca for an undisclosed sum.
Dion introduces instant payment solution for banks
Dion Global Solutions has launched Real Time Payment Engine (RTPE) solution, which will enable banks to comply with the regulatory directive and also meet their customers demands.
Q2 Holdings launches new fraud protection tool for community FIs
Q2 Holdings, a digital banking solutions provider based in the US, has released its latest fraud protection module that would minimise costs related to continual retail debit card breaches for community-focused financial institutions (FIs).
UK financial fraud losses rose 25% in first half
Total financial fraud losses in the UK during the first half of 2016 increased by 25% to £399.5m, across payment cards, remote banking and cheques, reveals new data issued by the Financial Fraud Action UK (FFA UK).