All articles by Verdict Staff
Verdict Staff
IBM to invest $200m in Watson IoT business
Technology giant IBM has announced plans to invest $200m in the new global headquarters for its Watson Internet of Things (IoT) business in Munich, including blockchain-related IoT capabilities.
Standard Chartered names new CFO for Middle East and Africa
British banking group Standard Chartered has named Mohamed Abdel Bary as its new CFO for Middle East and Africa (MEA).
Orange secures approval to buy majority stake in Groupama Banque
French telecom operator Orange has received the go-ahead for its acquisition of 65% of the capital of Frances Groupama Banque to launch its mobile banking service.
Barclays to offload Egyptian business to Attijariwafa Bank
Barclays has agreed to sell its retail and corporate banking operations in Egypt to Moroccos Attijariwafa Bank for an undisclosed sum.
BGFI Bank taps Wolters Kluwer to manage regulatory reporting obligations
Gabon-based BGFI Bank has selected Wolters Kluwers OneSumX regulatory reporting software for its French and European banking authority reporting obligations.
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HDFC Bank taps Backbase for digital banking transformation
Indian private sector lender HDFC Bank has chosen Backbase to deliver its omni-channel digital banking platform, which will run both the banks online and mobile banking apps.
RBL Bank takes 9.99% stake in Utkarsh Micro Finance
Indian private sector lender RBL Bank has picked up a 9.99% stake in Utkarsh Micro Finance (UMFL) to reach out to the unbanked and underbanked consumer segments.
Citigroup to invest $1bn in Banamex; renames unit
Citigroup has unveiled plans to invest $1bn in its Mexican unit Banco Nacional de Mexico (Banamex) for upgrades to its technology and branches and also rename the Mexican business as Citibanamex.
Banks and financial markets rapidly adopting blockchain: IBM
Banking and financial markets are adopting commercial blockchain solutions more rapidly than initially expected, with about 65% of banks planning to have blockchain solutions in production in the next three years, according to two studies by IBM.
Bank of Ireland taps Temenos to modernise IT infrastructure
Bank of Ireland has chosen Temenos UniversalSuite front-to-back solution for retail, commercial and corporate banking to revamp its core banking and channels platform.