All articles by Satarupa Bhowmik
Satarupa Bhowmik
Revolut to base 40% of global workforce in India by end-2026
The company will add 1,600 roles in India through 2026, taking its headcount there to 5,500 by the end of that year.
Lloyds admits IT glitch hit nearly half a million customers
The bank reported that 114,182 users accessed others’ transactions, potentially exposing sensitive data like account details.
Citigroup invests in Japan’s Sakana AI
The investment size was not disclosed, though both sides described it as “strategic”.
Bank of England explores alternatives to card payments – report
BoE is creating panels to take evidence from stakeholders both inside and outside the financial sector.
FICO, Tech Mahindra form global alliance to speed AI decisioning for banks
Under the agreement, Tech Mahindra will set up a dedicated Centre of Excellence (CoE) focused on the FICO Platform.
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Trump calls for 10% cap on credit card rates
The cap is intended to take effect on 20 January, coinciding with the one-year anniversary of Trump’s return to the White House.
Synovus and Pinnacle finalise $8.6bn merger
The merged entity is said to be the “highest-performing regional bank” focused on the “fastest-growth markets” in the Southeast.
Alkami launches Digital Banking Conversion Toolkit for financial leaders
The new toolkit aims to assist bank and credit union leaders throughout each phase of their digital banking conversion process.
NOBA targets Nasdaq Stockholm listing with $3.74bn valuation
NOBA becomes the second major Swedish financial group to seek a public listing this year, following Klarna’s New York debut.
Starling Bank reportedly plans secondary share sale targeting £4bn valuation
The bank has enlisted investment banks, including Morgan Stanley and Rothschild to assist with the sale process.