All articles by Verdict Staff
Verdict Staff
First Commonwealth Bank receives regulatory nod to buy 13 FirstMerit Bank branches
Pennsylvania-based First Commonwealth Bank, a subsidiary of First Commonwealth Financial, has secured final regulatory approval to acquire 13 Ohio branches from FirstMerit Bank.
RBS to pay $1.1bn to NCUA to settle mortgage mis-selling allegations
Royal Bank of Scotland Group (RBS) has agreed to pay $1.1bn to the National Credit Union Administration (NCUA) for allegedly selling toxic mortgage securities to credit unions in the run-up to the financial crisis.
Beyond Bank Australia takes stake in marketplace lender SocietyOne
Beyond Bank Australia has expanded into the fintech sector by taking an equity stake in Australian marketplace lender SocietyOne.
BNP Paribas partners with corporate clients to develop blockchain-based apps
French banking group BNP Paribas has collaborated with a number of clients to co-develop products and services based on blockchain technology, after embarking on a collaborative process during its Blockchain Bizhackathon earlier this year.
IBM launches new product to provide real-time payment processing for banks
Tech giant IBM has unveiled a new product, dubbed Financial Transaction Manager (FTM), to enable commercial banks launch new services for customers using real-time payments.
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UnionPay signs agreement with Swedish acquirer Swedbank
UnionPay International has signed an agreement with Swedish acquirer Swedbank to expand its acceptance footprint in emerging tourist destinations.
First National Bank upgrades mobile banking app
First National Bank of Pennsylvania, a subsidiary of F.N.B. Corporation, has launched the latest upgrade to the FNB Direct mobile banking app that will offer customers mobile debit card controls.
Itau confirms talks for acquisition of Citigroup Brazil retail banking business
Brazilian banking giant Itau Unibanco Holding has confirmed that it is in talks to acquire Citigroups retail banking business in Brazil.
Banks need clear strategy to seize control of digital future of payments from fintechs
Incumbent transaction banking players need to improve security, minimise complexity, and add value beyond pure payments to survive the onslaught of fintech startups and global digital giants, according to a new report by The Boston Consulting Group (BCG).
Major banks join forces to set up blockchain payments network
A group of banks across the globe have teamed up to set up the first interbank group for global payments based on blockchain technology.