All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
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.
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.
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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%.
Backbase, Synpulse collaborate to power digital banking in APAC
The partnership combines Backbase’s engagement banking platform with Synpulse’s regional expertise.
Fintech firm Ramp finalises secondary share sale at $13bn valuation
The company now powers over $55bn in annualised payment volume across card transactions and bill payments.
Alpha Bank Cyprus to buy AstroBank in €205m deal
The acquisition is projected to result in a 60% growth in its loan portfolio, a 70% increase in its deposit base, a 65% rise in its asset base.
Metallicus, Payfinia offer crypto service access to US credit unions
Payfinia will become a preferred API and payment services partner for Metallicus’s Metal Pay.