All articles by Verdict Staff
Verdict Staff
RBI expands market for stressed asset sale by banks
The Reserve Bank of India (RBI) has now allowed banks to sell their stressed assets to other lenders, non-banking financial companies (NBFCs) and financial institutions, in a bid to facilitate the resolution of bad loans of banks.
QIIB awards ATM network management contract to NCR
Qatar International Islamic Bank (QIIB) has inked managed services contract with technology provider NCR to monitor and manage its ATM network.
TIAA launches voice biometric authentication
TIAA, a provider of financial services in the academic, research, medical, cultural and government fields, has launched its new voice biometric authentication for a more seamless client experience.
Currencycloud partners Arkéa Banking to offer faster euro payments
London-based Currencycloud has partnered with Arkéa Banking Services, a subsidiary of Credit Mutuel Arkea, to offer its non-eurozone based clients Euro bank accounts and direct access to European payments systems.
Doha Bank, Centrum sign strategic partnership
Qatari lender Doha Bank and Indian financial services firm Centrum Group have signed a memorandum of understanding (MoU) to scale up each other’s business in India and the GCC region in the areas of wealth management, banking, and forex.
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Australia bans excessive debit and credit card surcharge fees
The Australian Competition and Consumer Commission (ACCC) has imposed a ban on excessive surcharges on debit and credit card payments by large retailers.
National Bank net income rises 6% in Q3; net income in personal division rises 5%
Canadas National Bank has registered net income of C$478m in the third quarter of 2016, a 6% rise compared to C$453m in the prior-year quarter.
CPPIB secures RBI nod to up stake in Kotak Mahindra Bank
Canada Pension Plan Investment Board (CPPIB) has received the approval of the Reserve Bank of India (RBI) to increase its stake in Indian private sector lender Kotak Mahindra Bank.
Rise of mobile technology driving change in payments landscape: Fiserv
Fiserv quarterly consumer trends survey has revealed that the US banking consumers are fast replacing checkbooks with mobile banking and prefer fingerprint authentication over passwords.
CMA orders in-depth probe into Diebold-Wincor Nixdorf merger deal
The UK Competition and Markets Authority (CMA) has ordered an in-depth investigation into the recently concluded $1.8bn merger between cashpoint makers Diebold and Wincor Nixdorf.