All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Citigroup to shed 200 IT contractor jobs in China
Around 100 IT contractors at the unit were informed their contracts would not be renewed, with 100 more to be notified shortly.
DNB Bank expands tie up with Infosys to expedite IT modernisation
The collaboration will utilise Infosys’ technological services and solutions, including the Infosys Finacle platform.
Monzo introduces undo payments feature for bank transfers
The default undo period is set at 15 seconds, but it can be adjusted to 10, 30, or 60 seconds based on user preference.
US fintech firm Chime files for IPO
The digital banking service provider has applied to list on the Nasdaq stock exchange under the ticker “CHYM”.
Google Cloud to power UniCredit’s digital transformation
The 10-year agreement will see the bank using Google Cloud’s infrastructure to enhance its digital architecture in 13 markets.
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OCC reverses 2024 bank merger review rule
This move marks a reversal from the previous approach, which had eliminated automatic approvals after a 15-day period.
Fintech firm Revolut selects Fourthline for identity verification
Fourthline initially assisted Revolut with customer onboarding across EU and UK, with potential future support in other markets.
UK’s FCA opens consultation to simplify mortgage rules
According to the regulator, the new proposals would make it quicker and easier for borrowers to explore their options with mortgage providers.
Santander to offload 49% stake in Polish business to Erste for €7bn
Erste will fund the all-cash purchase entirely with “internal resources”, by cancelling its planned €700m share buyback.
Citigroup seeks to trim external IT contractors
The bank intends to decrease its reliance on external IT contractors, reducing their share of the workforce from 50% to 20%.