All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Indonesia to cut secondary reserve requirement for banks to 4%
This policy adjustment is set to free up Rp78.45tn ($4.84bn) in additional liquidity for the banking sector.
Gulf Bank approves study on merger with Warba Bank
The study follows a proposal from Warba Bank to consider the viability of combining the two entities into a single Islamic bank.
Bank of Sydney selects Infosys Finacle to upgrade IT landscape
Infosys Finacle will provide the bank with a suite of solutions hosted on AWS cloud in a SaaS model.
Dutch state reduces stake in ABN AMRO to around 30%
Following this, NLFI’s rights within the relationship agreement will be altered, although the agreement itself will continue to be in effect.
Hometown Financial seals deal to buy CFSB Bancorp
The transaction represents Hometown Financial Group’s eighth merger in a decade.
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MUFG enters multiyear AI partnership with Sakana AI
Additionally, Sakana AI co-founder and COO Ren Ito has been named as AI Advisor to MUFG.
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”.