All articles by Verdict Staff
Verdict Staff
Swift forms new centralised database for banks
Swift, a financial messaging provider, has formed a new centralised database for the collection and distribution of client information required by banks.
Emirates NBD launches Shake n Save account for mobile banking app
Emirates NBD has launched a new savings product, Shake n’ Save, for its mobile banking app, which allows customers to transfer money from their debit account to savings account by simply shaking their mobile devices.
Al Rajhi Bank, ezetop partner to offer international mobile top up service in Saudi Arabia
Saudi Arabia-based Al Rajhi Bank has partnered with ezetop of Ireland to offer the international mobile top up service in the Middle East country, allowing customers to avail the service through its 500 branches, over 3,300 ATMs and 27,000 point of sales (PoS).
Online account opening lacks real-time contact data verification: Experian report
One in four online applications for account opening does not have contact data validation, according to a report The Top 100 Retail Banks released by Experian Data Quality, a part of Experian Marketing Services.
Bank accounts for all Indians above 18 years of age by January 2016: RBI Mor Committee
The Mor committee, a Reserve Bank of India (RBI) panel, has recommended that all Indians above 18 years of age should have full-service bank accounts by January 2016.
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CFPB unveils new mortgage rule guidelines for consumers
The Consumer Financial Protection Bureau (CFPB) has unveiled new educational materials for consumers to promote better understanding of the new mortgage Ability-to-Repay Rule, which will go into effect on 10 January 2014.
HSBC Bank Oman launches 2014 Mandoos Savings Scheme
HSBC Oman has launched its 2014 Mandoos Savings Scheme reward structure that allows customers to win cash prizes including the newly-introduced OMR1m ($2.59m) grand prize, which will be shared by ten customers at the end of 2014.
UK financial regulators begin investigation of Co-operative Bank
UK financial regulators Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), a part of Bank of England, have begun a formal probe of Co-operative Bank, which was charged of £1.5bn capital hole in its finances in June 2013.
OnPoint Community Credit Union deploys Fiservs digital banking solutions
Oregon-based OnPoint Community Credit Union has deployed a suite of digital banking solutions from Fiserv that allows the credit union to manage its finances.
KCB Bank Rwanda plans to restructure bad debts, says retail banking head
Kenya Commercial Bank (KCB) Rwanda is planning to restructure its bad debts in 2014 and bring them to at least half of the default rate set by the countrys regulatory body, KCB Bank Rwanda retail banking head George Odhiambo has said.