All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Australian regulator to review banks’ customer-facing AI use
The planned AI review will examine new and proposed applications across the banking sector, including their effects on customers.
Hungary’s OTP Bank weighs Russia exit amid Luminor purchase – report
Estonia’s Finance Minister Jurgen Ligi characterised the bank’s Russian footprint as a “moral disgrace.”
Oracle adds Swift ledger support to banking suite for tokenised deposits
The move helps financial organisations run conventional and digital asset transactions through a consolidated structure.
Monzo in talks over potential sale to Brazil’s Nubank – report
The alternative option under consideration is an equity fundraising round exceeding an £8bn valuation.
Argentina clears Revolut to buy Banco Cetelem
More than 150,000 individuals have registered on Revolut’s local waiting list since the firm announced its entry intentions.
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UK MPs review Bank of England monetary policy independence
MPs on the Treasury Committee are assessing if the central bank’s autonomy is still working and whether modifications are needed.
Commerzbank may buy UniCredit’s German unit HVB – report
The move follows over two years of pursuit by UniCredit, which built an interest approaching 50% despite domestic opposition.
Banks warn higher taxes could divert investment from UK
The message was delivered amid growing unease in the industry over the possibility of a windfall tax in next month’s Budget.
RedotPay gains first two state lending licences in US
With the approvals, the business can provide certain lending products in the two states when it launches in the US market.
Creatio commits $300m to scale financial AI
The funds will support further AI product development, alongside deployment support for use by financial institutions.