All articles by Verdict Staff
Verdict Staff
BMO Financial Canadian P&C arm net income rises to C$561m in Q3
The Canadian personal and commercial banking (P&C) arm of BMO Financial Group has posted net income of C$561m for the third quarter of 2016, up C$5m or 1% compared to the prior year.
Tech Mahindra receives FCA nod for Target Group acquisition
Indian IT provider Tech Mahindra has secured the approval of UKs Financial Conduct Authority (FCA) for the acquisition of Target Group, a UK-based provider of financial services outsourcing and software.
FSS unveils new authentication platform FSS Access Control Server
Indian payments technology firm FSS has launched a new secure authentication platform, dubbed FSS Access Control Server, which supports 3-D Secure Protocol.
Taiwans Mega Bank fined $180m by New York regulator for flouting AML rules
Mega International Commercial Bank of Taiwan has been asked to pay $180m in fine by the Department of Financial Services (DFS) for breaching New Yorks anti-money laundering (AML) rules.
BPI to buy 10% stake in Filipino microfinance lender Rizal Bank
The Bank of the Philippine Islands (BPI) has agreed to acquire a 10% equity stake in Rizal Bank, a microfinance-oriented rural bank in Philippines, for an undisclosed sum.
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Diebold-Wincor Nixdorf merger faces UK probe
The UK Competition and Markets Authority (CMA) has warned to initiate an in-depth investigation into the recently concluded $1.8bn merger between cashpoint makers Diebold and Wincor Nixdorf.
SBI Ripple Asia creates Japanese bank consortium
SBI Ripple Asia has created a Japanese consortium of 15 banks in a new network that will use Ripples technology for payments and settlement.
IDFC Bank taps Backbase for omni-channel banking platform
IDFC Bank, a new banking entrant in Indias private sector banking space, has chosen Backbases digital banking platform to offer omni-channel banking experience.
South Korea to offload 30% stake in Woori Bank to multiple investors
The government of South Korea has decided to sell its 30% stake in Woori Bank to multiple investors by the end of 2016.
SK Telecom, Hana Financial form JV for launch of mobile financial services platform
South Korean telecom operator SK Telecom has formed a joint venture (JV) with South Koreas Hana Financial Group to launch a mobile financial services platform.