All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
French firm Azure Financial to buy Izola Bank stake
As part of the deal, Azure Financial is also set to inject €2.8m into Izola Bank by subscribing to newly issued shares.
Grab enters $1.49bn deal for 60% stake in Atome Financial
The transaction would give Grab a larger position in consumer lending through Atome Financial’s existing platform.
Italy launches antitrust probe into Intesa bid for Monte dei Paschi
The probe is intended to assess possible effects of the transaction on competition dynamics in banking and insurance markets.
Revolut gains Colombian banking licence and files for Swiss approval
Revolut plans to invest more than SFr150m ($183.2m) in Switzerland over the next five years.
US sanctions VTB Bank over alleged Iranian banking ties
US Treasury said foreign institutions continuing business with the sanctioned VTB face risk and must sever ties immediately.
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Germany sets conditions for UniCredit takeover of Commerzbank
The conditions include Commerzbank should stay listed on stock market and keep providing finance to German mid-sized businesses.
ICICI Prudential AMC gets clearance to buy up to 9.95% of four lenders
The fund house is now allowed to acquire up to 9.95% of CSB Bank, DCB Bank and AU Small Finance Bank, and Kotak Mahindra.
Nu enters US with savings account and stablecoin-backed transfers
The company launched Nu Global, a multi-currency digital account intended for customers who move money internationally.
India’s NPCI, HDFC tie up to launch sovereign AI retail banking model
FiMi is intended to handle complex assignments involving long-context processing within a bank’s rules and existing systems.
Kapital raises $125m for AI development
The company said the funds will go towards further development of its in-house AI system and data analytics tools.