All articles by Verdict Staff

Verdict Staff

MoneyGram inks remittances deal with Bank of South Pacific

MoneyGram, a provider of money transfer and payment services, has inked a new agreement with Bank of South Pacific that will allow customers in Samoa and Tonga to receive cross-border remittances.

Raiffeisenbank to acquire Citibank Czech’s retail banking arm

Raiffeisenbank, the Czech subsidiary of Raiffeisen Bank International, has agreed to purchase Citibank’s retail banking and card businesses in the Czech Republic.

A Call to Arms

Top executives must win over the naysayers and drive change so that banks can deliver 21st century solutions to 21st century customers, says David Arnott

Heartland Financial USA wraps up First Scottsdale Bank acquisition

Heartland Financial USA has completed the acquisition of First Scottsdale Bank, National Association, in Scottsdale, Arizona in an all-cash transaction worth nearly $17.7m.

National Commercial Bank chooses Microland as IT infrastructure services partner

Saudi lender National Commercial Bank (NCB) has selected Microland as its IT infrastructure services partner for managing its branch technology services throughout Saudi Arabia.

DBS Group to wind down Islamic banking arm

Singaporean lender DBS Group is set to wind down its Singapore-based Islamic banking joint venture after it failed to achieve economies of scale.

Barclays removes Jamaicans from its client rolls

Barclays (UK) has closed accounts of account holders with Jamaican addresses in a bid to lower risk and shore up core operations.

Paytm to launch India’s payments bank in 2016

Mobile wallet company Paytm is planning to launch India’s first payments bank around April-May 2016.

Axis Bank unveils new mobile app to boost payment banking

Axis Bank, India’s third largest private sector bank, has launched a new mobile app called Lime which integrates a mobile wallet, shopping, payments and banking.

Bear State Financial gets regulatory approval to buy Metropolitan National Bank

Bear State Financial, the parent of Bear State Bank, has secured the regulatory nod to acquire Metropolitan National Bank.