All articles by Verdict Staff
Verdict Staff
Icon Solutions launches Instant Payments Framework for banks
Icon Solutions, a provider of IT payment consultancy firm, has launched Instant Payments Framework (IPF), a software product that expedites financial institutions transition to instant payments.
Infosys Finacle, Samsung SDS collaborate on mobile banking and payment services
Infosys Finacle, part of EdgeVerve Systems, has teamed up with ICT service provider Samsung SDS to offer frictionless mobile banking and payment services to its clients.
Westpac H1 profit rises 3% to A$3.7bn
Australian banking group Westpac has reported a statutory net profit of A$3.70bn for the first half of fiscal year 2016, an increase of 3% compared to the year ago period.
Intesa Sanpaolo to sell payment unit for $1.2bn
Italian banking group Intesa Sanpaolo has agreed to sell its payments units Setefi and Intesa Sanpaolo Card for 1.03bn ($1.2bn) to a consortium comprising private-equity funds Advent, Bain Capital and Clessidra.
Mobey Forum launches new work group to assess market disruption
Mobey Forum, the industry association that empowers financial service providers to use mobile technology, has launched a new Banking Disruption work group that will help evaluate market disruption.
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KeyCorp to divest 18 First Niagara branches in the Buffalo region
KeyCorp and First Niagara Financial Group have agreed to sell 18 First Niagara branches in the Buffalo region of New York to Northwest Bank, a subsidiary of Northwest Bancshares, in order to avoid antitrust concerns emerging from the proposed KeyCorp-First Niagara merger.
Ericsson partners with Trriple to provide mobile wallet solutions in UAE
Swedish multinational company Ericsson has signed a multi-year collaboration deal with digital platform provider Trriple to deliver managed mobile wallet solutions for the UAE’s banking and smart city sectors.
Barclays to offload Barclaycard business in Portugal and Spain
Barclays has signed an agreement to sell its Barclaycard consumer payments business in Spain and Portugal to Spanish online bank Bancopopular-e.
RBS losses almost double in Q1
Royal Bank of Scotland (RBS) has posted an attributable loss of £968m in the first quarter of 2016, compared to a loss of £459m in the year-ago quarter, following £1.2bn in one-off dividend payment to the UK government.
Deutsche Bank net income plummets 58% in Q1
German banking group Deutsche Bank has posted a net income of EUR236m for the first quarter of 2016, a decrease of 57.8% from EUR559m a year ago, as it undergoes a major restructuring of its business.