All articles by Verdict Staff
Verdict Staff
Santander to refer rejected loan applications to P2P lender
Spanish-owned Santander has become the first of the UK lenders to refer its customers to a peer-to-peer lender when bank funding is not available.
Forcht Bank agrees to purchase Grant County Deposit Bank
Forcht Bancorp, the holding company for Forcht Bank, has signed an agreement to purchase all the outstanding shares of Grant County Bancorp, Williamstown.
Umpqua Bank to deploy FIS’ scalable core solutions
Oregon-based Umpqua Bank has reached an agreement with FIS, a provider of banking and payments technology, outsourcing and consulting solutions, to deploy its comprehensive suite of technology and consulting solutions for enhancing customer experience.
SunTrust signs agreement with US regulators over legacy mortgage issues
SunTrust Banks has signed a definitive agreement to settle certain legacy mortgage matters with the US Department of Housing and Urban Development and the US Department of Justice (DoJ).
Jordan Kuwait Bank implements ICSFS banking solution
Jordan Kuwait Bank (JKB) has successfully deployed the ICS BANKS banking suite from ICS Financial Systems (ICSFS), to boost its operational efficiency.
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The National Bank to deploy Temenos core banking platform in Palestine
The National Bank (TNB) has reached an agreement with Temenos to deploy its core banking system T24 in Palestine, as part of its plan to transforms operations into a universal bank within a unique demographic.
Orange, BNP Paribas launch retail mobile banking services in Africa
BNP Paribas and Orange have jointly launched retail mobile banking services in Africa, in a bid to enable the bank’s customers to complete real-time banking operations using their Orange Money account.
Standard Chartered to divest two South Korean units to Japan’s J Trust
Standard Chartered Korea, a wholly owned subsidiary of Standard Chartered, has agreed to divest two South Korean units to Japan-based J Trust for approximately KRW151bn ($148m), as part of its strategy to curtail losses in the country.
Sberbank targets Germany for direct banking operations
Russia-based Sberbank is contemplating launch of direct banking operations in Germany during the third quarter of 2014, as the lender aims to focus on growth in central and eastern European operations.
Digital banking: the new battleground for attracting customers
The launch of the Current Account Switching Service last year has to date failed to bring about any significant shift in the number of customers changing banks. Cash incentives and headline interest rates offer limited incentive, meaning banks have to find other ways to differentiate their services, argues Ilkka Ristimaki