All articles by Verdict Staff
Verdict Staff
Banks in South Korea to tighten guidelines on loans
South Korean financial services regulator Financial Services Commission (FSC) says banks in the country will tighten guidelines next year when screening applicants for loans. This is in hopes of slowing down the snowballing household debt in the economy.
New CEO, new undertaking for ANZ
ANZs incoming chief executive officer, Shayne Elliott, will take over the bank in January next year. He will be succeeding Mike Smith, who has run the bank for the past eight years. Elliotts first task will be to improve on ANZs underachieving Asian business, which utilised nearly a third of the banks capital in the first three quarters of 2015 while accounting for only less than one-fifth of profits.
BBVA Compass ties up with eCredable to offer credit cards to credit invisible customers
BBVA Compass has partnered with alternative credit agency eCredable on a pilot program that will offer credit cards to credit invisible consumers with little credit history with traditional reporting agencies.
Credit Mutuel Arkea to snap up Keytrade Bank
French lender Credit Mutuel Arkea has agreed to acquire Keytrade Bank, Belgian cooperative bank Crelan’s online banking arm.
Instant: The Word Youre Going To Swear By In Banking
Instant payments provide a convenient and inexpensive effective approach to payments and may also offer the foundations for new overlay services, predicts David Andrieux
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Raiffeisen Bank to sell Slovenian banking arm
Austrian lender Raiffeisen Bank International (RBI) has agreed to sell its Slovenian banking unit Raiffeisen Banka to Biser Bidco for an undisclosed sum.
Rabobank to trim 9,000 jobs by 2018
Dutch lender Rabobank has announced plans to axe 9,000 jobs by 2018 as part of a major restructuring.
HBL selects Misys FusionBanking Corporate Channels
Pakistan-based lender HBL has deployed Misys FusionBanking Corporate Channels to enhance corporate banking experience.
MaRS, Tangerine, Envestnet | Yodlee collaborate to support fintech innovation
Toronto fintech hub MaRS Discovery District has joined forces with Canadian direct bank Tangerine and technology and applications platform Envestnet | Yodlee to facilitate innovation in the field of financial technology.
Capgemini adds VocaLinks PayPort service to its Connected Banking solution
French IT giant Capgemini has added VocaLink’s PayPort managed payment service into its Connected Banking solution to offer secure, real-time cloud-based payments.