All articles by Verdict Staff
Verdict Staff
Banks open to partnering with fintech startups : IDC survey
A majority of global banks are considering collaboration with financial technology firms (fintechs) as an essential element in their digital transformation strategies, according to a survey conducted by IDC Financial Insights and sponsored by SAP.
Financeit and Concentra to snap up TD Banks indirect home improvement financing assets
Financeit, a financial technology firm, and Concentra, a finance and trust solutions provider for Canada’s credit unions , have agreed to acquire TD Bank Group’s indirect home improvement financing assets having a book value of about $339m.
Cathay United Bank opts for Gemaltos mobile-based authentication solution
Taiwanese lender Cathay United Bank has chosen Gemaltos authentication solution to secure online banking transactions.
CBA fined A$180,000 for overdraft error
The Australian Securities & Investments Commission (ASIC) has hit Commonwealth Bank of Australia (CBA) with a fine of $180,000 for by for violating responsible lending laws.
New York proposes cyber regulations for financial services firms
The governor of New York and the state regulator have proposed a set of regulations for banks, insurance companies, and other financial services institutions to help them protect consumers and the financial sector from the threat of cyber attacks.
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ABN Amro CEO to step down next year
Dutch banking group ABN Amro has confirmed that Gerrit Zalm will step down from his role as CEO next year even though his contract runs until 2018.
Ant Financial acquires biometric security startup EyeVerify
Ant Financial Services Group, the payments arm of Alibaba Group Holding, has snapped up biometric security startup EyeVerify for an undisclosed sum.
Fifth Third Bancorp to close another 44 branches
Fifth Third Bancorp has announced plans to shut down an additional 44 branches and sell five parcels of land as part of an ongoing assessment of its retail banking network.
CYBG to shed branches in £100m cost-cutting drive
The Clydesdale and Yorkshire Bank (CYBG) has announced plans to reduce costs by £100m over the next three years, mainly through closure of branches.
Wells Fargo to eliminate sales target after phony account scandal
Wells Fargo & Company is set to drop all product sales goals in retail banking from 1 January 2017 after being fined by regulators for abusive sales practices.