All articles by Verdict Staff
Verdict Staff
BPCL snaps up 21% stake in Fino Paytech for $37.6m
Indias state-run oil marketing company Bharat Petroleum Corporation Limited (BPCL) has acquired a 21% stake in Fino Paytech, which secured a licence from the Reserve Bank of India (RBI) last year to launch a payments bank.
UKs Shawbrook Bank taps Jaywing for IFRS 9 compliance
British challenger bank Shawbrook Bank has selected credit risk analytics expert Jaywing to support its International Financial Reporting Standards (IFRS) 9 modelling requirements.
Barclays attributable profit plummets 31% in H1
Barclays has reported attributable profit of £1.11bn for the first half of 2016, a slump of 31% from £1.61bn the year ago.
Savedroid, Wirecard roll out Germany’s first intelligent saving app
Wirecard Group has partnered with Frankfurt-based fintech company Savedroid to introduce an intelligent saving app, designed to help users save money as they go about their everyday activities.
Lloyds pre-tax profit more than doubles in H1
Lloyds Banking Group has reported statutory profit before tax of £2.45bn for the first half of 2016, a surge of 106% compared to £1.19bn the year ago.
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Frances Groupe BPCE to snap up Fidor Bank
French banking group Groupe BPCE has agreed to purchase German digital challenger bank Fidor Bank for an undisclosed sum.
UKs payments infrastructure needs reform, says watchdog
Britain’s payments infrastructure needs to undergo reform in order to boost competition and to better meet consumer needs, the countrys payment regulator said.
NBAD net profit drops 5% in Q2
National Bank of Abu Dhabi (NBAD) has posted a net profit of AED1.37bn for the second quarter of 2016, down 4.8% from AED1.44bn the year ago.
Route Trading unveils new anti-money laundering platform Money router
Route Trading has unveiled a new anti-money laundering technology, dubbed Money router, to counter the growing menace of illicit money transfers taking place in the UK.
Nomura Q1 net profit slides 32%
Japanese financial major Nomura has reported a net profit of JPY46.8bn for the first quarter of fiscal year 2017, a slump of 32% compared with JPY69.6bn in the year ago quarter.