All articles by Verdict Staff

Verdict Staff

UK to introduce modern new £1 coin

UK’s Chancellor of the Exchequer George Osborne has announced plans to introduce a new £1 coin that will help the government reduce counterfeiting and ensure integrity of UK’s currency.

Bank of India plans to open credit card subsidiary: Report

Bank of India is reportedly planning to open a credit card subsidiary in the country, in order to attract young customers and push towards retail banking, an area where it expects growth over the coming years.

Banks could direct SME’s rejected loans to alternative lenders

The new legislation proposed by UK Chancellor George Osborne could make it mandatory for banks to help small and medium enterprises (SMEs) by directing their rejected loan applications to alternative lenders’ crowdfunding and P2P platforms.

Ulster Bank plans to close branches in Northern Ireland, says CEO

Ulster Bank is planning to close some of its branches in Northern Ireland soon, CEO Jim Brown has said.

SAS introduces latest Financial Crimes Suite for banks

SAS, a US-based business analytics software and services provider, has introduced the latest SAS Financial Crimes Suite (FCS) to help financial institutions detect potential financial crimes and prevent them.

TD Bank enhances online banking with P2P payments, external transfer services

US-based TD Bank has enhanced its online banking business by launching person-to-person (P2P) payment and external transfer services, allowing customers to securely transfer money to accounts at any US bank or to other people.

Desert Schools to use Monitise’s mobile banking platform

Desert Schools Federal Credit Union (Desert Schools) has adopted Monitise’s Vantage 5.1 mobile banking platform technology to enhance mobile wallet capabilities for its members.

Emirates NBD choose Zafin to power relationship banking strategy

Emirates NBD has selected Zafin’s miRevenue software to power its customer-centric relationship banking strategy.

ING withdraws plans to send targeted adverts to customers

Dutch bank ING has withdrawn its plans roll out a feature that allow firms to send advertisements to its customers based on their payments history, following a public outcry.

Federal Bank unveils new loan product Fed Rise in India

India-based Federal Bank has unveiled a new loan product, Fed Rise, which is an overdraft facility against recurring deposits (RD). It is aimed at providing operational comfort and flexibility for customers.