All articles by Verdict Staff

Verdict Staff

No plans to establish Indian retail banking subsidiary: Citi

Citi has no plans to establish a retail banking subsidiary in India, Citi India chief executive Pramit Jhaveri has said.

China’s ICBC looking for banking acquisitions in Middle East: Reports

Industrial & Commercial Bank of China (ICBC) is, reportedly, looking for some retail banking acquisitions, as part of a strategy to expand its footprint in the Middle East region.

Greenville Federal selects Fiserv DNA account processing platform

Greenville Federal, an Ohio-based $150m asset bank, has selected DNA account processing platform and a range of solutions from Fiserv to improve efficiency, drive growth and serve its nearly 12,000 customers.

Reserve Bank of India to expand mobile banking business

The Reserve Bank of India is planning to expand mobile banking business in the country, following the recent findings that revealed slow uptake of mobile banking applications by the Indians.

Bank of America to axe 450 mortgage jobs: Report

Bank of America (BofA) is, reportedly, laying off 450 mortgage jobs from the West Coast offices in the US, as the new loans did not meet the expected target.

KBC Bank to recruit 200 new workforce: Report

Belgium-based KBC Bank is, reportedly, set to expand its workforce by adding 200 new staff, as part of plans to move out of business banking and focus on growing retail banking business.

Retail banking to surpass corporate banking in GCC countries: AT Kearney

Retail banking is growing at a faster rate and is expected to overtake corporate banking in the Gulf Cooperation Council (GCC) countries except in the UAE and Qatar, according to a report by AT Kearney.

HotwirePE introduces first Bitcoin bank in Australia

Hotwire Pre-emptive (PE) Intelligence Group, an Australia-based web technology company, has introduced Denariuz Bank as the first bank in the world that will use Bitcoin as the main currency.

China Construction Bank deploys NCR Dynamic eLock Management solution

China Construction Bank’s (CCB) Beijing branch has deployed a new electronic key management solution, NCR Dynamic eLock Management, at its automated teller machines (ATMs).

Sainsbury’s Bank plans to enter mortgage business, create more jobs: Report

Sainsbury’s Bank, a British bank wholly owned by Sainsbury’s, is reportedly planning to enter into mortgage business and create new jobs in technology, risk, treasury, compliance and audit departments.