All articles by Satarupa Bhowmik
Satarupa Bhowmik
Santander turns down NatWest’s offer for UK retail banking arm
According to sources familiar with the situation, the proposal advised by Morgan Stanley and UBS is no longer active.
SMBC to purchase 20% stake in India’s YES Bank
The transaction includes a 13.19% secondary stake acquisition from State Bank of India and a 6.81% total stake from other banks.
DenizBank partners with Konsentus to improve open banking security
The collaboration aims to enhance the bank’s retail and commercial services while navigating changing regulatory challenges.
Pinwheel and nCino collaborate to ease direct deposit switching
The collaboration seeks to enhance the efficiency of deposit switch conversions for banks and credit unions.
Santander to shutter 18 branches in US
This decision reflects a trend among financial institutions to minimize physical branches as customers increasingly opt for online banking.
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US CFPB spurns BNPL rule enforcement
Additionally, the Bureau is considering potential actions to rescind the BNPL framework.
Mercantil Banco adopts Galileo’s digital platform
The platform’s flexible architecture enables the bank to rapidly adapt to market changes without extensive system upgrades.
Oracle launches cloud solutions to power retail banking
The new services aim to improve operational efficiency and risk management for financial organisations.
Pure Finance Group selects U.S. Bank Avvance for expansion
This partnership seeks to support Pure Finance’s entry into the HVAC market.
Vencora buys Australian banking technology firm Data Action
Data Action presently serves as a banking platform for challenger banks, managing over five million customer accounts in Australia.