All articles by Verdict Staff
Verdict Staff
United Bank for Africa unveils new mobile banking app U-Mobile
The United Bank for Africa (UBA), a Nigerian multinational financial institution, has rolled out its new mobile banking application, called U-Mobile.
Access Bank collaborates with Airtel to deepen financial access in Nigeria
Nigeria-based Access Bank collaborates with Airtel Nigeria to roll out Smart Savers Initiative to deepen financial access in the country.
Orange in talks to buy majority stake in Groupamas banking unit
French telecom giant Orange has entered into exclusive negotiations with Groupama to buy up to 65% stake in the insurers banking unit to foray into mobile banking space.
Biggest banks in Indonesia instructed to hold more capital
Indonesias Financial Services Authority (OJK) has instructed the countrys biggest banks to set aside more capital this year to reduce risks to the financial sector.
CBSI- Plantersbank merger plans receive SEC nod
The merger between China Bank Savings (CBSI) and Planters Development Bank (Plantersbank) has secured the go-ahead from the Securities and Exchange Commission (SEC).
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New Aeon Bank ATMs require only a fingerprint scan
Aeon Bank is introducing ATMs that allow clients to perform transactions using only their fingerprints for identification. It will be the first Japanese bank to offer biometric verification without also requiring a card or PIN.
Deutsche Bank to offload 20% stake in Hua Xia Bank for $4bn
Deutsche Bank has agreed to sell its 20% stake in China’s Hua Xia Bank to Chinese insurer PICC Property and Casualty for up to RMB25.7bn ($4bn) in a bid to boost profitability.
UK banks roll out fee-free basic bank accounts
A total of nine British banks and building societies are set to introduce new fee-free basic bank accounts.
China Bank to open 66 new branches in 2016
China Banking Corporation (China Bank), one of the major banks in the Philippines, has revealed plans to open 66 new branches in the country in 2016.
QIIB forms JV with CIH Bank to foray into Moroccan banking sector
Qatar International Islamic Bank (QIIB) has signed a joint venture deal with Moroccan lender Credit Immobilier et Hotelier (CIH Bank) to set up a bank in Morocco.