All articles by Verdict Staff
Verdict Staff
CTBC Bank receives regulatory nod to set up jv in China
Taiwan-based CTBC Bank has received approval from the Financial Supervisory Commission to set up a consumer financing joint venture in China.
Atom Bank selects Iress for digital mortgage platform
Britain’s first digital-only bank Atom has inked a strategic partnership with technology supplier Iress for digital mortgage platform.
Mobile banking popularity continues to rise in US: ABA survey
Online banking is still Americas most popular banking method, but mobile banking is fast catching up, according to a recent survey by American Bankers Association (ABA).
CIMB Group receives licence to offer banking service in Vietnam
Malaysian lender CIMB Group has received in-principle approval from Vietnams central bank to establish and operate a 100%-owned subsidiary in the country.
Capital One to buy GEs health-financing arm for $9bn
Credit card lender Capital One Financial has agreed to acquire General Electrics (GE) US healthcare finance arm for nearly $9bn.
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Commonwealth Bank full year cash profits up 5% to A$9bn
The Commonwealth Bank of Australia (CBA) has posted a cash profit of A$9.14bn for the financial year ended 30 June 2015, an increase of 5.26% compared to A$8.68bn a year ago.
NAB trials new personal banking origination platform
National Australia bank (NAB) has commenced piloting of its personal banking original platform by processing a few number of applications in a live environment, iTnews has reported.
ANZ to divest its 39% stake in Indonesias Panin Bank
The Australia and New Zealand Banking Group (ANZ) has put its 39% stake in Indonesia’s Panin Bank on a formal auction, as it aims to exit legacy equity holdings in Asian banks and boost its capital position.
Banks’ IT systems are costing them their business
If banks don’t replace their old inefficient and expensive IT systems soon they will find themselves out-competed, out-performed and out of business. They are in the last sector to be still writing its own software and it’s killing them. David Arnott, CEO, Temenos, writes
RedCloud, Insiyabi collaborate for m-banking venture
UK-based RedCloud Technologies has partnered with Insiyabi, a Kuwait-based information and communications technologies (ICT) Integrator, for mobile-banking venture in Africa, Asia and the Middle East.