All articles by Satarupa Bhowmik
Satarupa Bhowmik
Jio Financial takes full ownership of Jio Payments Bank
The acquisition makes the digital bank a wholly-owned subsidiary of JFSL.
Lumin Digital, Chimney collaborate to enhance digital banking for homeowners
The partnership integrates Chimney’s MyHomeTracker solution into Lumin’s digital banking platform.
Fintech firm Salmon completes $88m fundraise
The equity round was led by venture capital firm Spice Expeditions.
Financial operations platform Ramp secures $200m in Series E funding
With this latest funding round, Ramp has secured a total of $1.4bn in equity financing.
BPCE reportedly in talks to acquire Novo Banco
Lone Star Funds owns 75% of Novo Banco, with the Portuguese government holding a 25% stake through various entities.
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Paragon Bank launches new savings app
The new app seeks to improve the savings experience for UK consumers by tackling the common problem of “current account coasting.”
Marginalen Bank completes migration to Mambu’s cloud banking solution
This transition allows the bank to improve its consumer and business deposit offerings within a modern banking framework.
UK’s FCA partners with Nvidia to help financial firms experiment using AI
The Supercharged Sandbox will offer financial services firms access to Nvidia’s accelerated computing and AI Enterprise Software.
CBA closes stake sale in Bank of Hangzhou to NCI
In January this year, CBA entered an agreement to sell its remaining 5.45% stake in HZB.
Flipkart receives lending licence from Reserve Bank of India
This is said to be the first time the RBI has issued an NBFC licence to an e-commerce company in India.