All articles by Verdict Staff

Verdict Staff

Dubai Islamic Bank to acquire 25% stake in Bank Panin Syariah

Dubai Islamic Bank PJSC (DIB) has reached an agreement to acquire a 25% equity stake in Bank Panin Syariah, a Syariah commercial bank in Indonesia.

Raymond James Bank taps Fiserv technologies to improve business

Raymond James Bank, a subsidiary of Raymond James Financial, has selected Fiserv-developed enterprise-wide banking solutions to enhance its business.

Britain’s surging housing market could affect economic recovery, warns BoE Governor

The surging housing market in Britain backed by rising prices could affect the economic recovery of the country, the Bank of England (BoE) Governor Mark Carney warned.

Japanese Bankers Association draws compensation plan for Internet banking thefts

The Japanese Bankers Association is reportedly drafting policy guidelines designed to address compensation for businesses, which sustained losses due to internet banking theft.

MoneyGram rolls out cash to ATM service in Bulgaria

Global money and payment services transfer company MoneyGram has launched “Cash to ATM” service in Bulgaria, in collaboration with DSK Bank, making money transfers more convenient for its customers.

ANB Bank acquires Capital West Bank to boost business footprint

ANB Bank in Denver has reached an agreement to acquire Wyoming-based Capital West Bank, as part of its strategy to strengthen its footprint in the region.

Bank of the Ozarks completes buyout of Summit Bancorp

Bank of the Ozarks has sealed the takeover of Summit Bancorp and its wholly-owned bank subsidiary Summit Bank, in a deal valued at nearly $216m.

Bermuda Commercial Bank selects Temenos’ banking suite products

Swiss technology firm Temenos has signed an agreement with Bermuda Commercial Bank (BCB) to supply T24 core banking system Model Bank, as well as an assortment of other products, including Business Intelligence, Insight Risk, Anti-money laundering and FATCA compliance.

Banco Volkswagen taps SAS Credit Platform to improve services and autonomy

Volkswagen Financial Services’ Brazilian subsidiary has selected SAS Real-Time Decision Manager and SAS Enterprise GRC Support to improve credit policy enforcement, workflow analysis and credit disbursement.

St George Bank begins trial of iBeacons technology in branches

Australian lender St George Bank has started the trial of iBeacon technology in three of its branches in Sydney, becoming the first bank in Australia to adopt the new technology, with a strategy to offer iPhone customers a more personalized experience.