All articles by Verdict Staff
Verdict Staff
PPI victims under-compensated by £1bn: report
Consumers who were mis-sold Payment Protection Insurance (PPI) on their credit cards may have been under-compensated by £1bn, according to industry experts.
TSB plans to offer £100 of shares to all staff members
UK-based retail lender TSB Bank is planning to offer £100 of shares to all its 8,600 employees, as part of its £1.5bn stock market flotation plan.
Netherlands central bank cautions financial institutions against Bitcoin
The De Nederlandsche Bank (DNB), the central bank of Netherlands, has cautioned country’s banks to be aware of the possible risks of engaging with Bitcoin-related businesses.
Swedish central bank Sveriges Riksbank taps Polaris’ Intellect Quantum Solution
Sweden’s central bank, Sveriges Riksbank, is to deploy Polaris Intellect Quantum Collateral Management System (QCMS) to support its services for payments system, open market operations, bank credit operations and agency central bank arrangements in the country.
Qatar’s Barwa Bank deploys ITS core banking platform
Qatar-based Barwa Bank has deployed ETHIX suite of financial services provided by ITS, as part of its plan to provide Shari’ah compliant financial products and services to its customers.
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Shazam, D3 Banking to offer omnichannel SaaS solution
D3 Banking – an innovator in omnichannel, data driven digital banking and the Shazam Network – have joined hands to deliver a complete set of digital banking services to community financial institutions.
Cumberland Building Society taps NCR Paym mobile payment service
UK-based Cumberland Building Society has implemented NCR’s Paym mobile payment service using Authentic and Fractals software from Alaric to improve customer service across multiple payment channels.
Citizens Financial launches mobile cheque deposit and balance-viewing features
US based Citizens Financial Group, as part of its Bank Better initiative, announced new mobile check deposit and balance-viewing features that enhance its mobile banking capabilities.
CTBC Bank’s $530m takeover of Tokyo Star Bank receives Japan’s FSA approval
Taiwan-based CTBC Bank’s $530m bid to purchase Tokyo Star Bank has been approved by the Japanese government’s Financial Services Agency (FSA), paving the way for integration of both firms most probably by the end of June 2014.
Tesco Bank mortgage balances increases to £700m
UK-based Tesco Bank has increased its mortgage balances to £700m at the end of 2013, since entering into the sector 18 months ago in August 2012.