All articles by Verdict Staff
Verdict Staff
Virgin Money selects Monitise to upgrade digital banking services
Virgin Money has signed a seven-year agreement with Monitise to help develop elements of the bank’s future digital banking services.
Westpac to introduce fingerprint access for online banking
Australian lender Westpac is set to launch smartphones fingerprinting access for online banking beginning January next year.
Bank of the West extends marketing agreement with Elavon
California’s Bank of the West has extended its 21-year merchant referral agreement with Elavon, a payments provider, through 2021 enabling the referrals to be marketed via the bank’s 22-state network of over 650 commercial office and retail branch locations.
ABA Bank of Cambodia teams up with UnionPay to issue chip debit cards
ABA Bank of Cambodia has partnered with UnionPay International, a subsidiary of China UnionPay, for the joint issuance of UnionPay chip debit card in Cambodia.
Biggest five US banks control 44% of industry assets
Five biggest banks hold more than 44% of the $15.3 trillion in assets held by US banks according to data compiled by SNL Financial.
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RBC personal & commercial banking arm posts 8% rise in Q4 income
The personal & commercial banking unit of Royal Bank of Canada (RBC) has posted a net income of C$1.15bn for the fourth quarter ended 31 October 2014, up C$81m or 8% compared to last year.
UK plan to raise £4bn in extra tax from banks over five years
Britain’s banks will pay an extra £4bn in taxes during the next five years due to changes announced by Chancellor of the Exchequer George Osborne in his autumn statement.
GE offloads stake worth $19m in Polish banking unit
American multinational conglomerate General Electric (GE) has offloaded 1.47m or 1.9% of shares of its Polish banking unit Bank BPH at PLN42.5 ($13) per share.
Plenty of banks eyeing acquisition but too few sellers: Bank Director survey
There’s no shortage of financial institutions seeking an acquisition in 2015, but fewer banks plan to sell than last year, according to a new survey by Bank Director.
Emirates NBD introduces DirectRemit 60 seconds money transfer service to Philippines
UAE-based lender Emirates NBD has extended its DirectRemit 60 seconds money transfer service to the Philippines.