All articles by Verdict Staff
Verdict Staff
Citizens Financial to rebrand 200 Charter One branches in Ohio
Citizens Financial Group has announced that nearly 200 Charter One branches located in Ohio, Michigan, will be rebranded as Citizens Bank by mid-2015 to create a consistent Citizens Bank presence across 11 states.
Bank Agnosticism – the Future of Peer to Peer
No single peer to peer (P2P) solution has yet received universal acceptance amongst consumers. The solution, says Sascha Breite, Head Future Payments at SIX Payment Services, is a bank agnostic architecture available to all – at least across all banks in a country.
Societe Generale de Banque au Liban to deploy Temenos’ T24 core banking system
Societe Generale de Banque au Liban (SGBL) has signed a strategic agreement with Swiss technology firm Temenos to deploy its flagship core banking system T24 and all its related modules.
Citic Group may shut down two branches in US
Chinese financial conglomerate Citic Group is reportedly planning to shut down two of its bank branches located in Los Angeles and New York in the wake of stringent regulatory requirements under the Volcker rule to be implemented next summer in the country.
RHB Capital scraps plans to acquire 40% stake in PT Bank Mestika
Malaysia-based RHB Capital has reportedly scrapped its earlier plan to acquire nearly 40% shareholding in Indonesia’s PT Bank Mestika Dharma.
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RBC completes divesture of Jamaican banking operations to Sagicor Group
Royal Bank of Canada (RBC) has closed the previously announced sale of its RBC Royal Bank (Jamaica) and RBTT Securities Jamaica, together known as RBC Jamaica, to Sagicor Group Jamaica.
Vietnam Bank for Social Policies deploys Polaris’ Intellect core banking platform
The Vietnam Bank for Social Policies (VBSP), a government-owned bank, has deployed Polaris’ modern Intellect Core Banking Solution (CBS) to help drive the bank’s socio-economic policies.
Ulster Bank’s planned merger with Permanent TSB may derail
Ulster Bank’s planned integration with Permanent TSB is likely to be nipped in the bud due to the complex IT structure of Ulster Bank, say industry sources.
RBS outlines $1.7bn investment plan to upgrade retail banking operations
Royal Bank of Scotland (RBS) and NatWest have outlined more than $1.7bn investment plans to upgrade their retail banking infrastructure, incorporating new technologies to trim down operational costs and attract more customers.
Retail banks must change fast, or risk irrelevance
We are often told customer service is key to attracting and retaining customers. But, for banks whose legacy systems prevent them matching their products’ capabilities to the rapidly-changing needs of their customers, the line between good customer service and a good product offering is often surprisingly fuzzy, writes Nanda Kumar