All articles by Verdict Staff
Verdict Staff
Online lender Earnest raises $275m in equity and debt financing
San Francisco-based online lender Earnest has raised $275m in total funding to grow client base across its existing products.
ECB orders Novo Banco to fill EUR1.4bn capital shortfall
The European Central Bank (ECB) has directed Portugal’s Novo Banco to plug a EUR1.4bn capital gap following a stress test conducted as a follow-through on wider checks last year.
China CITIC Bank, Baidu collaborate to set up direct banking venture
Chinese online search engine Baidu has joined forces with China CITIC Bank to launch a direct banking business.
BNC Bancorp to buy High Point Bank for $141.3m
BNC Bancorp (BNC), the holding company for Bank of North Carolina, has agreed to acquire all of the common stock of High Point Bank (HPTB), the holding company for High Point Bank and Trust Company, in a cash and stock deal worth about $141.3m.
Four out of five Americans value human touch in banks: Survey
Although nearly 70% of consumers across all generations prefer banks equipped with advanced technology, about 4 out of 5 Americans value people more when it matters most, according to a survey by U.S. Bank.
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Meezan Bank, IME Remit ink remittance deal
Pakistans first Islamic bank Meezan Bank has partnered with Malaysias IME Remit for home remittance payments.
Vector ITC collaborates with Sequent to offer safe mobile payments in Latin America, Spain
Vector ITC Group has formed a strategic alliance with Sequent Software to integrate and deploy its technology solutions in financial institutions for both the Spanish and Latin American markets.
Major Spanish bank selects AxiomSLs platform for regulatory reporting
A major Spanish bank in Mexico has selected AxiomSLs analytics and reporting platform to meet Mexican regulatory and credit risk reporting requirements, manage complex calculations and comply with multiple submission deadlines.
Springleaf receives regulatory nod to acquire Citigroups OneMain Financial
Personal finance firm Springleaf has reached a settlement with the US Department of Justice (DOJ) and the state Attorneys General of seven states to proceed with the acquisition of Citigroup’s OneMain Financial business.
Smartphone penetration for banking remains low across GCC: EY
Use of smartphone for main banking interactions across GCC is low, inspite of the high number of customers using smartphone, reveals a report by EY.