All articles by Verdict Staff
Verdict Staff
Security First Bank chooses FIS as core banking provider
US-based lender Security First Bank has selected FIS as its new core banking provider to improve service and customer experience.
RBI grants greater operational freedom to Indian banks
The Reserve Bank of India (RBI) has allowed the banks to shift, merge or close branches in urban areas without seeking its prior permission.
INGs retail banking unit reports 4.7% dip in Q2 pre-tax underlying profit
The retail banking arm of Dutch lender ING Group has posted an underlying profit before tax of EUR897m for the second quarter of 2015, down 4.67% compared to EUR941m in the year ago quarter.
Sumitomo Mitsui Banking selects VASCO DIGIPASS for Apps
VASCO Data Security International has said that Sumitomo Mitsui Banking Corporation (SMBC) will provide its online retail banking clients with a mobile banking solution for their smartphones developed with VASCO’s DIGIPASS for Apps.
Al Ahli Bank receives regulatory nod to acquire Piraeus Bank Egypt
Kuwait’s Al Ahli Bank has secured approval from the Egyptian central bank to buy 98.5% of Piraeus Bank’s Egyptian unit.
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StanChart H1 pre-tax profit nosedives 44%
Standard Chartered has posted a pre-tax profit of $1.82bn for the first half of 2015, a fall of 44.27% compared to $3.27bn a year ago.
Bank Leumi selects Temenos to slash IT maintenance costs
Israel’s Bank Leumi has selected Swiss vendor Temenos to overhaul and replace its legacy core banking system as part of its multi-year progressive renovation program.
Mobile banking users to double over four years: KPMG
The number of mobile banking users is expected to double to 1.8 billion in the coming four years, according to a report by KPMG based on primary survey data supplied by UBS Evidence Lab.
Italys Banca IFIS acquires EUR630m worth of NPLs
Italy-based Banca IFIS has acquired two non-performing loans (NPLs) sold by Santander Consumer Bank and a main international fund, valued around EUR630m.
Societe Generale Q2 net banking income up 16%
France’s Societe Generale has posted a net banking income of EUR6.87bn for the second quarter of 2015, a 16.4% rise compared to EUR5.90bn in the year ago quarter.