All articles by Verdict Staff

Verdict Staff

India’s Kotak Mahindra Bank launches new online social bank account

India-based Kotak Mahindra Bank has launched a new social bank account, Jifi, which is integrated with social networking platforms such as Twitter and Facebook.

KeyBank plans to close ten branches in Buffalo, New York: Report

New York-based KeyBank is, reportedly, planning to close ten retail bank branches in the Buffalo area in July 2014, with an aim to consolidate the region’s banking industry.

Mobile banking gains momentum in UAE, say industry experts

Usage of mobile banking is gaining momentum in the UAE and is expected to further grow with Dubai’s mobile initiative, industry experts said at the m-government conference held in Dubai.

Oracle launches new enterprise-modelling framework for financial institutions

Oracle Financial Services has introduced a new metadata driven enterprise-modelling framework, which allows financial institutions to meet requirements, drive model development and deploy and reduce model management complexity.

UK Government plans to sell 7.5% stake in Lloyds

UK Financial Investments (UKFI), a part of the UK Treasury that owns Lloyds Banking Group, is planning to sell 7.5% stake in the bank for £4.23bn.

FirsTier Bank deploys Fiserv solutions to enhance business

Nebraska-based FirsTier Bank has partnered with Fiserv to deploy its solutions, in order to achieve efficiency and drive business growth.

Ithmaar Bank seeks conversion of FBL into Islamic bank: Report

Bahrain’s Ithmaar Bank, which owns 67% stake in Pakistan-based Faysal Bank (FBL), is, reportedly, planning to convert FBL into a full-fledged Islamic bank, with an aim to consolidate its business lines.

CFE Federal Credit Union selects Symitar’s Episys core processing solution

Florida-based CFE Federal Credit Union has selected Episys, developed by Symitar, as its core processing solution.

Sopra enables Crédit Agricole migrate 39 regional banks to single information system

France-based Crédit Agricole Technologies and Europe-based software development firm Sopra Banking Software have successfully migrated 39 regional banks to a single information system.

Bank of Ireland allows KBC to promote current account products: Report

Bank of Ireland has, reportedly, allowed KBC Bank to promote its current account products to 350,000 personal customers.