All articles by Satarupa Bhowmik
Satarupa Bhowmik
CBA cuts jobs amid AI chatbot rollout
The bank has communicated to the impacted employees that consultations are ongoing regarding the job cuts.
Birch Hill, Brookfield to acquire First National Financial
The deal values the company’s equity at C$2.9bn ($2.1bn).
Reserve Bank of India governor rules out issuance of banking licences to corporates
Malhotra said RBI has no plans to revise the 26% voting rights cap outlined in the Banking Regulation Act.
Pinnacle Financial Partners, Synovus announce $8.6bn merger
After the merger, Synovus shareholders will own around 48.5% of the new company, while Pinnacle shareholders will possess about 51.5%.
NS&I to deploy SBS’ cloud-native core system
SBP Digital Core will replace the current core system, offering a cloud-native infrastructure for retail banking services.
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UniCredit pulls bid for Banco BPM over golden power challenges
UniCredit has opted not to waive the unfulfilled golden power condition, resulting in the withdrawal of its offer.
NatWest teams up with AWS and Accenture to modernise banking services
The collaboration seeks to modernise the bank’s services for 20 million customers using cloud and AI technologies.
Ryt Bank taps Provenir for AI credit decisioning platform
Ryt Bank has selected the Provenir AI Decisioning Platform to expedite credit assessments and customise customer offers.
Hong Kong watchdog penalises three banks for anti-money laundering violations
The disciplinary actions arise from the HKMA’s investigations into the banks’ compliance systems and controls related to the AMLO.
Unicaja, DXC forge ten-year partnership for banking transformation
The collaboration will utilise DXC’s advanced AI capabilities to improve automation, agility, and customer interactions.