All articles by Verdict Staff
Verdict Staff
Aldermore annual pre-tax profit surges 88%
British challenger bank Aldermore has reported a pre-tax profit of £95m for 2015, a jump of 88% compared to £50m in the prior year.
Axis Bank introduces forex prepaid card
Indian private sector lender Axis Bank has launched Forex prepaid card in collaboration with Diners Club International, a division of Discover Financial Services and part of the Discover Global Network.
Bank of America, U.S. Bank tap Early Warning’s real-time P2P payment platform
Bank of America and U.S. Bank have tapped Early Warning’s clearXchange network to process real-time person-to-person (P2P) transactions.
Societe Generale to shed 550 jobs in French retail banking unit
Societe Generale is set to slash 550 back office jobs in its French retail banking arm over the next five years.
Crédit Agricole aims EUR900m in cost savings by 2019
French banking group Crédit Agricole has announced plans to achieve EUR900m in cost savings over the next three years to offset earnings deficit created by its recent restructure.
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Bill.com launches payment network to unite businesses and banks in the cloud
Business payments company Bill.com has launched a new payments network that will connect businesses and banks in the cloud to expedite the payment process.
Cascade Bancorp wraps up acquisition of 15 former Bank of America branches
Cascade Bancorp, the parent of Bank of the Cascades, has completed the acquisition of 15 former Bank of America branches in Southern and Coastal Oregon and Western Washington.
Mitek launches its Mobile Deposit solution in UK
Mitek, a US-based provider of mobile capture and identity verification software, has made its Mobile Deposit solution available to banks in the UK.
ICICI Prudential Mutual Fund, Money View partner to launch personal savings solution
ICICI Prudential Mutual Fund has partnered with Indian money management app Money View to introduce an app-based solution to enable users to save and grow their money.
UK challenger bank snaps up IT development business Grasp
British digital challenger bank Atom has acquired Grasp (UK), an IT development business owned by Eutechnyx/Zerolight founder Brian Jobling.