All articles by Shivam Mishra
Shivam Mishra
Santander UK to shutter 95 branches, affecting 750 jobs
This decision comes amid a shift towards digital banking, with a 63% increase in digital transactions at the bank since 2019.
mylo receives approval for digital onboarding in Egypt
mylo said this “landmark achievement represents a transformative leap” in Egypt’s consumer finance sector industry.
India’s IndusInd Bank raises Rs110bn through certificates of deposit
This move comes as the bank seeks to strengthen its funding position following the revelation of a Rs20bn accounting discrepancy in its derivatives book.
CommBank expands AI partnership with Anthropic
This collaboration aims to leverage Amazon-backed Anthropic’s AI expertise to accelerate AI adoption within CBA.
UniCredit obtains ECB approval for Commerzbank stake hike
Notably, Germany has resisted UniCredit’s efforts to expand its stake in Commerzbank.
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Challenger bank Lunar launches app for kids and teens
Lunar Youth is linked to parents’ accounts, helping young users explore digital money management while parents retain oversight.
Neobank Zolve secures $251m in Series B funding
The latest funding is the largest in Zolve’s history, valuing the Houston-based company at approximately $800m.
Doha Bank and Ooredoo Money form alliance for fintech growth
This partnership focuses on leveraging technologies to enhance digital banking services and financial inclusion.
Japan Post Bank stake sale raises $4bn in privatisation effort
The share sale, including an over-allotment option, involved 410 million shares, as stated in a finance ministry filing.
RBC reportedly lays off employees after restructuring
This move comes after the C$13.5bn ($9.4bn) acquisition of HSBC’s Canadian operations.