All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
US lenders lift payouts after Fed stress test
Under this year’s hypothetical scenario, banks absorbed more than $708bn in total loan losses.
Credit Agricole eyes 29.9% stake in Banco BPM – report
The French bank told officials in Rome it had used derivative contracts to move towards a 29.9% stake from 22.9%.
UK banks win court battle in historic loan complaint case – report
The court found FOS had made a “fundamental error of law” in taking on such complaints beyond the established six-year period.
Indian central bank proposes stricter oversight of AI/ ML risks for banks
Lenders must measure model risk continuously at the level of each model as well as across the wider organisation.
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.
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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.
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.