All articles by RanjithKumar Dharma
RanjithKumar Dharma
Alacriti, Access Softek support instant payments for financial institutions
Integrating Alacriti’s Orbipay with Access Digital Banking provides financial institutions real-time payments within their ecosystem.
PNC Bank announces $500m investment in branch expansion
The expansion will double planned new branches to over 200 across 12 cities within five years.
Navy Federal Credit Union fined $95m over illegal overdraft charges
CFPB found that Navy Federal violated Consumer Financial Protection Act by failing to reveal peer-to-peer payment posting times.
American Plus Bank to buy United Fidelity Bank’s Long Beach branch
The transaction, pending regulatory approval, will see American Plus Bank acquiring the branch premises and equipment.
India plans to merge regional rural banks to streamline operations
The proposed mergers aim to establish one regional rural bank per state, leading to significant cost savings.
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Agent IQ, Narmi join forces to enhance digital banking solutions
The collaboration will help integrate Agent IQ’s Lynq platform with Narmi’s digital banking solutions.
Commonwealth Bank of Australia offloads another 10% stake in VIB
This deal is set to enhance CBA’s common Equity Tier 1 (CET1) capital ratio by around seven basis points.
New JioFinance App for various financial services launches in India
The app offers an aggregated view of users’ bank and mutual fund holdings, improving financial management.
Monzo employee share sale values bank at $5.9bn
The sale enabled staff to liquidate their shares in a round, where existing investors such as Singapore’s GIC and StepStone Group participated.