All articles by Verdict Staff
Verdict Staff
Bank M Tanzania to foray into Kenya market
Bank M Tanzania is set to enter the Kenyan market, becoming the first Tanzanian lender to do so.
RBI to set up committee to explore issues facing fintech firms
The Reserve Bank of India (RBI) is in the process of setting up multi- disciplinary panel to explore the use of financial technology (fintech) in the country.
Banco Bradesco receives antitrust regulator nod to acquire HSBC Brazil arm
Brazilian lender Banco Bradesco has secured the approval of Brazil’s antitrust regulator to acquire HSBC Holding’s Brazil operations.
ASIC proposes regulatory sandbox licensing exemption to support fintech innovation
The Australian Securities & Investments Commission (ASIC) has issued a consultation paper that proposes a regulatory sandbox licensing exemption to support innovation in financial services.
Paytm taps Infosys Finacle to power its payments bank business
Indian mobile wallet company Paytm has selected Infosys Finacle, a wholly-owned subsidiary of IT major Infosys, to power its new payments bank business.
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U.S. Bank selects AxiomSL as its regulatory reporting solution provider
U.S. Bank has selected AxiomSL’s regulatory reporting platform to comply with changing regulatory mandates.
ACI Worldwide, Raphaels Bank announce partnership for Faster Payments scheme access
ACI Worldwide, a provider of real-time electronic payment solutions, has partnered with Raphaels Bank to enable payment service providers (PSPs) and challenger banks to access UK Faster Payments Scheme.
China opens up credit card clearing market for foreign bank card companies
The People’s Bank of China has formally opened its CNY55 trillion ($8.4 trillion) credit card clearing market for foreign bank card companies.
United Bankshares wraps up Bank of Georgetown acquisition
United Bankshares, the parent of United Bank, has concluded the acquisition of Bank of Georgetown, a privately held community bank based in Washington, D.C.
UK challenger bank CivilisedBank applies for banking licence
CivilisedBank, a new British business and retail bank, has submitted its banking licence application to the regulators.