All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
MUFG reviews Bank Danamon stake – report
The options under review include removing the bank from the market or reducing MUFG’s ownership.
Retailer Pepkor sets April 2027 date for bank launch
The planned bank would link digital and in-store services, allowing customers to carry out transactions at more than 6,500 outlets.
Indian central bank sets up panel on quantum technology for financial sector
The committee has been asked to review the likely advantages, risks and operational challenges associated with quantum technology in finance.
First Carolina commences US IPO process
The bank plans to list on the New York Stock Exchange under the ticker “FCBM”.
US OCC chief calls bank living wills “seriously flawed”, abstains from voting
Resolution plans, commonly described as living wills, is a required plan detailing how to safely shut down a failing bank.
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Banks must focus on customer experience or risk irrelevance: EY study
Just 9% of aspiring strives said they go to branches regularly, as per the report.
JPMorgan chief pushes for more AI experts over traditional hires – report
Dimon said the change is unlikely to cause large-scale job cuts, adding it could mostly be handled through normal staff turnover.
Mercury secures $200m Series D at $5.2bn valuation
The latest round brings its total primary and secondary funding to about $700m.
HSBC chief warns of AI-driven job cuts, urges staff to adapt
Elhedery said HSBC is offering workers training and coding support as it prepares for the disruption.
FintechOS deepens ties with Google Cloud
FintechOS 8 can now be deployed on Google Cloud, while Data Core has been listed on Google Cloud Marketplace.