All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Capital One schedules further layoffs at Discover HQ
The latest filing shows that 1,075 staff will be laid off in May, with a further 81 departures planned for 1 June.
US Fed ends 2018 enforcement action against Wells Fargo
This marks the end of a period of heightened scrutiny that followed a series of misconduct incidents at the bank.
Revolut applies for US bank charter
If approved, the charter would allow Revolut to operate across all 50 states under federal regulation.
Savings platform Raisin enters Italian market
The company is launching in Italy with fixed-term products from European partners.
Neobank Ualá raises $195m at $3.2bn valuation
The fintech company will use the funds to support its growth across Latin America.
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Beacon Bank deploys Narmi One for digital banking
The rollout involved moving over 55,000 users onto the new platform and processing 40 million transactions in a single day.
OCC finalises rules to ease compliance for community banks
These changes are part of the OCC’s approach to align supervision and regulation more closely with the risk levels of banks.
BEA International Bank deploys Temenos core platform
The cloud-based deployment aims to offer the Bank a scalable platform to enhance its banking services in the French market.
JPMorgan, Citi shift to remote work in Middle East amid Iran conflict
This move comes as regional instability increases following US and Israeli air strikes on Iran.
Indian PSBs to adopt global capability centre strategy by FY27 – report
The banks are considering active-active data centre models for possible inclusion in their next five-year business strategies.