All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Atom Bank sale may be halted after weak bids – report
Pollen Street Capital submitted an offer for Atom, but the proposal was below the price expected by sellers.
Personetics AI platform embedded in Fiserv’s Experience Digital
The addition allows financial institutions to use data in real time inside the digital banking environment, offering prompts, guidance and offers through XD.
Digital-only lender Jet Bank begins operations in Albania
The bank technology platform was built entirely on Backbase’s AI-native Banking OS.
External review clears HDFC Bank of ex-chair’s governance claims
Atanu Chakraborty called the report “a hugely caveated one and in a sense superfluous”.
US lenders lift payouts after Fed stress test
Under this year’s hypothetical scenario, banks absorbed more than $708bn in total loan losses.
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Credit Agricole eyes 29.9% stake in Banco BPM – report
The French bank told officials in Rome it had used derivative contracts to move towards a 29.9% stake from 22.9%.
UK banks win court battle in historic loan complaint case – report
The court found FOS had made a “fundamental error of law” in taking on such complaints beyond the established six-year period.
Indian central bank proposes stricter oversight of AI/ ML risks for banks
Lenders must measure model risk continuously at the level of each model as well as across the wider organisation.
Santander mulls up to 3,000 early retirements in AI push – report
The possible reduction of 2,000 to 3,000 jobs would represent about 10% to 15% of Santander’s roughly 20,000 employees in Spain.
Iranian banks suspend card services after cyberattacks – report
Cash machines, point-of-sale devices and mobile apps connected to card systems were impacted.