All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Federal Bank to buy StanChart India credit card book
The bank now has 800,000 non-co-branded credit cards and 1.3 million co-branded cards.
Australian regulator cautions AI outpacing bank cyber defenses
According to the regulator, rapid progress in AI is becoming a stronger risk for the country’s financial sector.
OppFi seals $130m deal to buy Arizona-based BNCCORP
The deal would bring together OppFi’s online lending operations and BNC’s national bank charter and banking infrastructure.
BaFin orders UniCredit to stop “unobjective” ads targeting Commerzbank
The move follows a social media campaign in which the German bank was described as “neglected, uncertain, short-sighted”.
India’s central bank revokes Paytm Payments Bank permit
The RBI said there was no useful purpose or public interest in allowing the bank to continue operations.
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Commonwealth Bank to cut 119 jobs across Australia
The union said 43 of the affected jobs are at Bankwest, which was acquired by CBA in 2008.
Taiwan to launch finance-sector AI model project
The initiative brings together 16 financial institutions in Taiwan. The lenders have formed a task force under the Taiwan FinTech Alliance to advance the work.
Prosperity and Stellar secure regulatory nod for $2bn merger
Stellar shareholders are set to receive 0.3803 Prosperity common shares and $11.36 in cash for each share they hold.
Backbase launches AI platform to fix broken banking workflows
The system, Unified Frontline, brings together customers, staff and AI agents across digital channels and operational processes.
Anthropic aims to expand Mythos access to European banks – report
Cybersecurity specialists consider Mythos a serious challenge for banks and their older technology infrastructure, the report noted.