All articles by Verdict Staff
Verdict Staff
Bancassurance winning strategies: learning from Latin America
Timetric insurance analyst Jay Patel analyses the factors driving the success of the bancassurance model in Latin America, and particularly Brazil. Looking ahead to the future, Patel explains banks have valuable information about their customers, which could help their insurance partners to accurately target people with appropriate policies. There is also scope for greater harmonisation between banks and their insurance arms
Pocopay rolls out banking service app
European mobile banking service Pocopay has launched in Estonia, the Netherlands, and Spain.
HSBC to spin-off its Singapore retail, wealth arm to local subsidiary
British banking giant HSBC is planning to spin-off its Singapore retail and wealth management business to a locally incorporated subsidiary.
ING Group’s retail banking arm records 3% rise in Q4 underlying income
Dutch lender ING Group’s retail banking unit has reported a total underlying income of EUR2.79bn for the fourth quarter of 2015, a 3.4% increase compared to EUR2.70bn for the same period of 2014.
Yirendai partners with Zheshang, CreditEase on consumer financing services
China-based Yirendai has signed a framework agreement with China Zheshang Bank and CreditEase Pucheng Credit Assessment and Management to cooperate on microloan and consumer financing services.
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BNP Paribas retail banking unit’s Q4 income up 2%
The retail banking division of French lender BNP Paribas has reported a pre-tax income of EUR1.96bn for the fourth quarter of 2015, a 2.2% increase compared to EUR1.91bn for the same quarter of 2014.
Mondo unveils API to allow customers to experiment with their own data
British challenger bank Mondo has rolled out an API that aims to allow its pilot customers to experiment with their own data.
DNB to slash 600 jobs, close 59 branches
Norwegian lender DNB Bank has announced plans to slash 600 full-time jobs and reduce 59 personal banking branches in 2016 as more customers use digital banking services.
UK P2P lending reaches £2.2bn in 2015: Report
The peer-to-peer (P2P) lending industry in the UK has lent over £2.2bn in 2015, according to data released by the Peer-to-Peer Finance Association (P2PFA).
RBS calls off plan to sell India banking unit
British state-owned lender Royal Bank of Scotland Group (RBS) has scrapped plans to sell its India banking operations.