All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Italy’s BPER raises offer for Popolare di Sondrio to €5.4bn
The updated offer comprises 1.450 newly issued BPER shares and an additional cash payment of €1 per Popolare di Sondrio share.
Lloyds Banking Group taps UnlikelyAI for customer experience
The partnership will focus on evaluating explainable AI through UnlikelyAI’s neuro symbolic platform.
Westpac rolls out new payee confirmation feature
The feature works by cross-referencing the account name provided by the customer with the records held at the recipient’s bank.
Swedbank acquires Stabelo to expand mortgage operations
Stabelo operates in the mortgage market, focusing on customer groups where Swedbank sees growth potential.
Santander agrees to acquire TSB from Sabadell
The combined entity will have a loan-to-deposit ratio of 107%, compared to Santander UK’s current 108%.
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FPT, audax partner to expand digital banking in Asia Pacific and Middle East
FPT will act as audax’s primary regional partner in the Asia Pacific, handling development, testing, deployment, and ongoing operational support.
BBVA to pursue Sabadell takeover despite Spain’s restrictions
The Spanish government has mandated at least three-year wait period for BBVA and Sabadell as takeover condition.
Banking tech platform Natech raises $33m in Series B round
The capital consists of $26m in equity and $7m in “long-term, low-interest” debt.
Santander and Barclays in final race to acquire TSB Bank
Sabadell may select one bank for negotiations, though a deal is not guaranteed, the publication noted.
Neobank Starling seeks expansion in US
The London-headquartered bank aims to engage US banking specialists this summer to commence the acquisition process.