All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
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.
Backbase buys Kasisto to expand agentic AI banking capabilities
Kasisto’s platform and its team in New York have been folded into Backbase and its AI-native Banking OS.
Revolut targets South Africa foray by 2028 – report
The group filed a licence application with the South African Reserve Bank in September and plans to introduce products.
Lloyds to hire around 300 for agentic AI roles
The UK-based lender expects to create more than 1,000 roles in 2026 as part of a broader expansion of its AI work.
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Pollen Street to buy Finastra’s core banking software unit
The unit supplies software used for account and deposit administration, payments, lending and treasury functions at banks.
UniCredit lifts Commerzbank holding to 42.5%
The bid will be reopened for Commerzbank investors from 20 June until 3 July, according to UniCredit.
EU mulls easier cross-border fund movement for banks – report
The document points to possible capital relief for mortgage lending and for loans to companies that do not have credit ratings.
Wall Street banks seek easing of proposed capital rules
They are seeking lower trading capital requirements, and changes to reduce the impact of the surcharge on global banks.
HSBC Australia fined over scam failings
The court said HSBC had scam controls on some payment systems, but not on the IAT payment rail, where most losses happened.