All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Canada regulator warns major banks on Anthropic AI cyber risks – report
As per the regulator, the technology could increase cyber threats and cut the time available to detect and patch vulnerabilities.
Raiffeisen upgrades to Broadridge’s BRx Match reconciliation platform
The change is aimed at supporting CRISP’s expanding operational needs by improving efficiency across markets in Europe and Asia.
Finland’s S-Bank enters €571m deal to acquire Oma Savings Bank
Oma Savings Bank serves more than 200,000 customers via 48 branches across Finland.
Italy’s UniCredit gains around 48% Commerzbank stake
According to UniCredit, that position corresponds to 49.65% of Commerzbank voting rights.
SambaNova to power on-prem AI inference for JPMorgan
SambaNova raised $1bn as part of a Series F round, giving it a post-money valuation of $11bn.
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Singaporean regulator outlines safety guardrails for financial AI agents
SAFR was developed through MAS’ BuildFin.ai initiative, which focuses on responsible development of AI tools in financial sector.
Starling Bank to shed about 130 roles in restructuring drive – report
The lender would reorganise its banking and technology divisions, a move expected to remove “duplicate” roles.
ECB weighs doubling banks’ minimum reserve requirement – report
The minimum reserve ratio would be lifted to 2% from 1% of customer deposits and certain other funding categories, sources said.
Intesa Sanpaolo migrates core IT systems to Google Cloud
The project was intended to make its technology setup quicker, more secure, and ready for artificial intelligence use.
Lloyds confirms plan to scrap 173-year-old Halifax brand
Under the plan, Halifax will no longer take on new account openings, while its branch network will be renamed Lloyds.