All articles by Verdict Staff
Verdict Staff
Up-to-date Technology, Data and Expertise are key ingredients of modern fraud management programmes
An increasing number of payment options, the demand for faster payments and the rapidly changing nature of fraud all present new challenges for fraud management within retail banks. But what are the solutions? It comes down to technology, data and expertise. Jay Floyd of ACI Worldwide writes
BTMU to buy 20% stake in Philippines Security Bank
Japanese lender The Bank of Tokyo-Mitsubishi UFJ (BTMU) has agreed to acquire a 20% stake in Philippines Security Bank in a deal worth PHP36.9bn ($774m).
UK tightens rules on bank bonus buy-outs
The Bank of England (BoE) has proposed new rules to tighten requirements on bonus buy-outs, in which banks compensate new employees for remuneration cancelled when they switch jobs.
CIMB Islamic Bank rolls out first universal takaful hajj product
Malaysian lender CIMB Islamic Bank has joined forces with Sun Life Malaysia Takaful to launch the first universal takaful hajj product.
Deutsche Postbank selects NCR to modernize retail bank branch network
German lender Deutsche Postbank has selected NCR Corporations NCR intelligent deposit ATMs and NCR SelfServ 85 consulting kiosks to improve service offered to retail banking clients.
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Old National Bancorp to take over Anchor BanCorp Wisconsin in $461m deal
Evansville, Indiana-based Old National Bancorp has agreed to acquire Madison, Wisconsin-based Anchor BanCorp Wisconsin in a cash-stock deal worth about $461m.
ING launches payments app Twyp in Netherlands
Banking major ING has launched Twyp, a peer-to-peer-payment app, in the Netherlands following its successful launch in Spain recently.
SBI to dispose non-core assets to meet Basel III norms
State Bank of India (SBI) is planning to offload non-core assets and list some of its subsidiaries to comply with capital needs for Basel III risk norms that will be effective from March 2019.
Scotiabank builds customer analytics centre to harness power of big data
Canadian banking group Scotiabank has announced plans to set up a new customer analytics centre at Smith School of Business at Queen’s University, Ontario, to harness the power of big data.
UniCredit to offload Ukrainian business to Alfa Group
Italian banking group UniCredit has agreed to sell its Ukrainian business Ukrsotsbank to ABH Holdings (ABHH) in a deal worth around EUR852m ($930.8m).