All articles by Verdict Staff
Verdict Staff
Banco Popular North America rolls out digital banking platform
Banco Popular North America has introduced a new online banking platform, dubbed Popular Direct, which will offer competitively priced certificates of deposits and a savings account.
Comerica to axe nearly 800 jobs and close 40 branches
Dallas-based lender Comerica has unveiled plans to shed about 9% of its workforce and shut down 40 branches in an effort to cut costs and bolster profitability.
Leadership vacuum in UK financial sector post-Brexit leaves one million jobs at risk: CISI
There has been a complete leadership vacuum in UK financial services sector since the EU referendum on 24 June 2016, which is affecting the sectors competitiveness and threatening jobs, according to Chartered Institute for Securities & Investment (CISI).
South African lender Absa introduces Masterpass digital wallet
South African financial services giant Absa has launched MasterCards digital payment platform Masterpass to enable its clients to make online payments via a virtual wallet.
OCBC Bank consolidates two banking units in China
OCBC Bank has merged its two banking subsidiaries in China OCBC Bank (China) and Wing Hang Bank (China), to adhere to China’s single presence policy for foreign banks.
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India injects $3.4bn into 13 public sector banks
The government of India has infused INR229.2bn ($3.4bn) in capital into 13 cash-strapped public sector banks in the country.
Banco Santander invests further $100m in fintech fund
Spanish banking group Banco Santander is set to boost its investment in its UK-based fintech fund Santander InnoVentures from $100m to $200m.
Bank of America consumer banking arm registers 3% rise in Q2 income
The consumer banking arm of Bank of America has reported net income of $1.72bn for the second quarter of 2016, an increase of 3.3% from $1.66bn a year ago.
Banks not prepared to retain control of international payments: Bain
Banks that cannot overcome technical, adoption hurdles of digital currency stand to lose out on $150-200 billion in revenue, according to a new report by management consulting firm Bain. The biggest areas of opportunity remain in cross-border payments and trade finance.
Lloyds rolls out mentoring scheme for fintech start-ups
Lloyds Banking Group has launched a new mentoring scheme to support start-ups in the financial technology space.