All articles by Douglas Blakey
Douglas Blakey
US Bank rolls out iPhone remote cheque deposit
US Bank, the countrys fifth-largest bank by assets, has extended its mobile banking service to include remote cheque deposit via the Apple iPhone. Customers using Android platform smartphones will be able to utilise the remote cheque deposit service from the second half of the year.
Citi Mobile launches in UAE
Citi customers will be able to view account transactions, transfer funds, pay bills and locate Citibank branches via the service. According to Citi, it is the first bank in the UAE to launch a thick and thin version of mobile-banking at the same time.
NCB to meet Basel II compliance with FICO analytics
National Commercial Bank (NCB) is to implement predictive analytics software from global analytics and decision management technology vendor FICO, to meet Basel II regulations. Headquartered in Saudi Arabia and also known as Alahli Bank, NCB has a branch network of 282 outlets and over 2.2m customers. NCB will implement FICO custom models along with stress testing as part of its plan to adopt the advanced approach set down in Basel II.
IberiaBank signs up for Fiserv’s debit solutions
Louisiana-headquartered IberiaBank is to implement a full suite of debit solutions from end-to-end business and technology solution provider, Fiserv, in a bid to reduce processing and network costs IberiaBank will integrate Fiservs debit processing capabilities and enhanced chargebacks in the process consolidating all of its electronic funds transfer services from Wisconsin-headquartered vendor.
Shinsei to boost balance sheet with ?69.4bn share issue
A capital raising exercise by mid-sized Japanese lender Shinsei will raise up to 69.4bn ($845m) as it looks to beef up its capital base. US-based private equity firm JC Flowers holds a 28.6% stake in Shinsei and will support the Shinsei fundraising exercise to maintain its current shareholding. Shinsei has ensured a difficult two year period, posting net losses of 140.1bn and 143bn in fiscal years 2008 and 2009 respectively.
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TD posts record Q1 profit, linked with KeyCorp
TDs Canada-based Personal and Commercial Banking (PCB) unit posted a net profit of C$905 million for the quarter, up 26% year-on-year (y-o-y) while the PCB division in the US generated net income of $319 million in net income, up 85% y-o-y.
RBC records record Q1 net profit of C$1.84bn
Royal Bank of Canada (RBC) has posted a first quarter record net income of C$1.84bn, an increase of 23% from the corresponding period last year. Provisions for credit losses fell by almost one-third from C$493m last year to C$334m for the three months to 31 January. Other group level highlights included a 10.7% increase in deposits to C$437.1bn; average loans increased by 4.3% to C$300.8bn while total assets rose by 9.3% to C$721.1bn.
BNP Paribas saves on travel with BT video conferencing
BNP Paribas’ (BNPP) personal finance unit has underspent on 15% of its budgeted travel expenses since it implemented BTs video conferencing service. BNPP has been using 35 video conferencing rooms at bank locations in Germany, Spain, France, Italy, Portugal, Brazil and Mexico since teaming up with BT at the end of 2009. According to the lender, BT’s solution has helped reduce travel costs, speed up exchanges during merger-acquisition periods and has boosted productivity.
Fiserv snaps up M-Com, CUOL
Fiserv, the Wisconsin-headquartered end-to-end business and technology solution provider, has acquired Atlanta-based mobile banking and payments firm M-Com for an undisclosed sum The service gives bank and credit union customers the flexibility to use any mobile device to check account balances, transfer funds, pay bills, and track account activity and supports all three mobile access modes: SMS text messaging, mobile browser, and downloadable applications.