All articles by Verdict Staff
Verdict Staff
C1 Financial secures shareholder nod to merge with Bank of the Ozarks
C1 Financial, the parent of C1 Bank, has received the shareholders approval to merge with Bank of the Ozarks (OZRK).
Four new foreign banks secure preliminary nod to operate in Myanmar
A total of four new foreign banks have received preliminary approval from the Central Bank of Myanmar to set up 100%-owned branches in Myanmar.
Allied Irish Banks annual pre-tax profit surges to EUR1.9bn
Allied Irish Banks (AIB) has reported a pre-tax profit of EUR1.9bn for 2015, a surge of 72% compared to the prior year.
New fintech hub launched in Israel
A vertical-focused financial technology hub, named The Floor, has been launched in Tel Aviv, Israel to support start-ups in the fintech sector.
TD Bank adopts Visa’s secure tokenization technology
Canadas TD Bank Group has adopted Visa’s global standard tokenization technology for its TD app for the Android operating system.
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Fiserv closes acquisition of ACI Worldwides community financial services unit
Fintech provider Fiserv has completed the acquisition of ACI Worldwide’s community financial services (CFS) business.
Nedbank to take controlling stake in Mozambiques Banco Unico
South Africas Nedbank has announced plans to invest ZAR178m ($11.4m) to increase its stake to 50% plus one share in Mozambican lender Banco Unico.
Barclays plans to pull out of Egypt
Barclays Bank has announced plans to sell its Egypt operations as part of a wider Africa exit plan to focus on its core British and US markets.
Al Ahli Bank of Kuwait implements Infosys Finacle solution
Al Ahli Bank of Kuwait (ABK), a retail bank based in Kuwait, has selected Infosys Finacle suite to power its technology revamp.
IDBI Bank announces $2.9bn investment plan
Indian government-owned lender IDBI Bank has unveiled a $2.9bn fundraising plan as part of a three-year business revamp.