All articles by Verdict Staff

Verdict Staff

Westpac to increase annual investment spending by 20%

Australian lender Westpac has unveiled plans to raise its annual investment spending by 20% to $1.3bn to focus on technology and digital initiatives.

Resurs Bank deploys Provenir platform for faster credit decisions

Sweden’s Resurs Bank has selected risk decisioning solutions provider Provenir to globally support its customer risk and decisioning processes.

Kotak Mahindra Bank unveils new saving products

Indian private sector lender Kotak Mahindra Bank (KMB) has launched two new saving products – Alpha and My Family.

First National Bank to buy Fifth Third Bank’s branches in Pittsburgh

First National Bank of Pennsylvania, a subsidiary of Pittsburgh-based FNB, has agreed to acquire 17 branches of Cincinnati, Ohio-based Fifth Third Bank in the Pittsburgh region.

HSBC to rename UK retail operation as HSBC UK

British banking giant HSBC has decided to rebrand its UK retail operation as HSBC UK to distinguish the ring-fenced bank from the non-ring-fenced bank.

Atom partners Durham University to develop new retail banking model

British digital challenger bank Atom has joined forces with Durham University’s maths department to develop a new retail banking model.

Infosys Finacle unveils new solutions for payment banks and small finance banks

Infosys Finacle, a product subsidiary of Infosys, has launched new solutions for payment banks and small finance banks.

Bank of America to sell four Olympic Peninsula branches to 1st Security Bank

Bank of America has agreed to sell its four Olympic Peninsula branches to 1st Security Bank of Washington.

Citigroup to sell consumer bank in Hungary to Erste Group

American banking giant Citigroup has agreed to sell its consumer banking operations in Hungary to Austria’s Erste Group Bank.

Barclays to sell Portuguese retail banking business to Bankinter

Barclays has agreed to sell its retail banking operations and other non-core assets in Portugal to Spain’s Bankinter for almost EUR175m.