All articles by Verdict Staff
Verdict Staff
RBS hit by IT glitch, delays 600,000 payments
Royal Bank of Scotland (RBS) has suffered a technical glitch that has affected most of its subsidiaries, resulting in misplacement of customer payments across the institutions.
Beating the glitch- ailing bank payments systems
Last week has been a stark reminder of the IT problems that plague the financial services and banking sector with customers locked out of accounts and unable to make and receive payments. John Rakowski, solutions evangelist at AppDynamics examines the problems and looks to the solutions
US restricts mortgage servicing operations at six major banks
The Office of the Comptroller of the Currency (OCC) has imposed restrictions on the mortgage-servicing operations of six banks for failing to meet all of the regulatory requirements.
HSBC opens new International Banking Centre in Malta
HSBC has set up a new International Banking Centre (IBC) in Sliema, Malta, which will focus on serving customers who travel extensively or who are relocating to or from Malta.
Westpac acquires strategic stake in cyber security firm QLabs
Australian banking major Westpac has acquired an 11% stake in Canberra-based cyber security firm QuintessenceLabs (QLabs), which specialises in quantum technology-based online security.
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Gibraltar International Bank selects NCR for ATM solutions
Gibraltar International Bank has selected NCR and BSG Computer Systems to deliver the latest NCR intelligent deposit ATMs and NCR software solutions.
Goldman Sachs to foray into online consumer lending business
American banking giant Goldman Sachs is planning to venture into consumer lending business by launching a digital banking division.
Discover to shutter home lending business, to cut 460 jobs
Discover Financial Services, a direct banking and payments company in the US, has decided to close home loan business to focus on its profitable direct banking products.
British tech firm introduces emoji-based passcode for online banking
British technology company Intelligent Environments has launched the first digital pass-code that uses emojis instead of a PIN or password to authenticate online banking transactions.
Lorain National Bank to merge with Northwest Bancshares
Shareholders of Lorain National Bank (LNB Bancorp) have approved the previously announced merger of the bank with Northwest Bancshares.