All articles by Satarupa Bhowmik
Satarupa Bhowmik
IBM powers technology upgrade for Sri Lanka’s Pan Asia Bank
Pan Asia Bank has implemented a modernised technology framework that includes advanced servers, AI-driven application monitoring.
Temenos introduces Gen AI tool to accelerate banking product development
The new tool helps banks design, launch, test, and optimize financial products using Generative AI technology.
Bank of England’s PRA raises deposit thresholds for international banks
The PRA has set a new indicative threshold of $401m for total retail and small business instant access deposits.
Revolut to create 200 jobs in France amid $1.12bn expansion
The company will reportedly open a new office in Paris as part of its expansion.
Emirates NBD Bank gets in-principle nod to create Indian subsidiary
The approval allows the bank to transform its current branches into a wholly owned subsidiary.
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Capital One closes $35.3bn acquisition of Discover Financial Services
Capital One expanded its board from 12 to 15 members, adding Thomas Maheras, Michael Shepherd, and Jennifer Wong from Discover’s board.
Raqami Islamic Digital Bank gets restricted licence from State Bank of Pakistan
After the pilot phase, Raqami plans to move to full commercial operations.
Bank al Etihad to acquire Investbank
Bank al Etihad will carry out the acquisition through a capital increase, issuing new shares to Investbank shareholders for full ownership transfer.
Hang Seng Bank to axe jobs as part of restructuring initiative
By the end of 2024, the bank had about 8,300 employees in Hong Kong and mainland China, but the core staff number remains undisclosed.
HSBC plans to trim headcount by around 10% in France
This decision is part of a cost-cutting initiative aimed at saving $1.8bn by the end of 2026.