All articles by Verdict Staff
Verdict Staff
UK Regulator fosters innovative collaboration in financial services
Last month and after many weeks of planning, we supported the FCA to deliver a highly collaborative two day hackathon focused on improving access to financial services. Daryl Wilkinson comments
Abu Dhabi Global Market, Flat6Labs sign agreement for fintech development in UAE
Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has inked a memorandum of understanding (MoU) with start-up accelerator Flat6Labs to support the countrys development in the financial technology sector.
Woori Bank to snap up Philippines’ Wealth Development Bank
South Korean lender Woori Bank has secured final approval from the central bank of the Philippines to acquire a 51% stake in Philippines’ Wealth Development Bank.
LCNB National Bank chooses Cachets mobile deposit solution
Ohio-based LCNB National Bank has chosen Cachet Financial Solutions as its new mobile deposit solution provider.
Tech Mahindra to acquire Target Group in £112m deal
Indian IT provider Tech Mahindra has agreed to purchase Target Group, a UK-based BPO and software provider to financial institutions, for £112m.
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EU parliamentarians calls for setting up virtual currency watchdog
The EU Commission should set up a taskforce to monitor virtual currencies, like Bitcoin, to prevent their being used to launder money or finance terrorism, said EU parliamentarians in a non-binding resolution.
TD Banks Canadian retail arm posts net income of C$1.46bn in Q2
TD Bank Group’s Canadian retail unit has posted a net income of C$1.46bn for the second quarter of fiscal 2016, an increase of 1.9% compared to C$1.43bn a year ago.
RBC personal & commercial banking income rises 8% in Q2
The personal & commercial banking arm of Royal Bank of Canada (RBC) has posted a net income of C$1.29bn for the second quarter of fiscal 2016, a rise of C$97m or 8% compared to a year ago.
Arbuthnot to offload 31.9% stake in retail bank Secure Trust
UK’s Arbuthnot Banking Group has agreed to sell about 5.8 million shares, which represents approximately 31.9% stake, in retail banking subsidiary Secure Trust via a secondary placing.
Criteria to dilute stake in Caixabank to 40%
Criteria, the holding company that controls Caixabank, has decided to slash its stake in Caixabank to 40% from 56.8% by 2017.