All articles by Verdict Staff
Verdict Staff
RBI publishes draft rules for payments and small banks
The Reserve Bank of India (RBI) has issued draft guidelines for those seeking a license to set up a payments banks or a small bank, as part of its strategy to boost financial inclusion in the country.
Wells Fargo to cut nearly 468 mortgage banking jobs in Birmingham
Wells Fargo, a global banking firm, has reportedly announced slashing of approximately 468 jobs from its home mortgage division’s Homewood office in Birmingham, US.
Vantage Bank Texas agrees to integrate with D’Hanis State Bank
Vantage Bancorp, a San Antonio based financial holding company, has reached an agreement to merge with Medina Bankshares, the parent company of D’Hanis State Bank.
Turkey’s Vak?fBank taps Kobil’s app to improve online banking services
Turkish Vak?fbank has selected Kobil’s Cep ?mza, an m.identity-based mobile banking app that enables online banking users to save time by providing them with a single password instead of a long and multi-staged SMS validation.
UK witness 16% rise in current account switches
The UK Payments Council’s recent report reveals that the number of Britons switching current accounts have increased by 16% year-on-year, with 592,695 people changing banks between January to the end of June, this year.
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ING Bank boosts EURO ATM network across Romania
Amsterdam-based ING Bank has expanded its network of ATMs in Euro () to most of its self banks and offices through Romania.
First Interstate BancSystem to shut down eight Mountain West Bank branches
First Interstate BancSystem will close eight branches of Mountain West Bank Financial, following completion of the proposed merger of both banks scheduled in October this year.
How many metaphors will it take…?
A gothic house of horrors, the noose around the neck, the kettle about to boil…how many more metaphors for aging core-banking systems will we hear before banks seriously consider updating their core systems, asks David Arnott
India’s premier bank working on launching rural ATMs with low value currency
The Reserve Bank of India (RBI) is talking with several banks to install ‘rural ATMs’ that can dispense currency notes of low denominations.
Singapore’s monetary authority moots proposal for stringent anti-money laundering rules
The Monetary Authority of Singapore (MAS) has proposed tightening of anti-money laundering rules to check the money laundering practices in the country and make financial firms more accountable in a consultation paper released today.