All articles by Vidyasagar Maddela
Vidyasagar Maddela
Dutch banks to reduce workforce amid AI adoption and cost-cutting – report
The job cuts in the banking sector reflect ongoing efforts to address profitability pressures and adapt to changing operational demands.
Russia approves Citibank Russia sale to Renaissance Capital
The approval is required under Russian rules introduced in response to Western sanctions after the country’s military actions in Ukraine.
ABN AMRO to acquire commercial bank NIBC for up to €960m
The acquisition will expand the scale of ABN AMRO’s retail banking operations and strengthen its position in the Dutch market.
CDP opposes Nexi’s sale of majority stake in digital banking unit to TPG
CDP is opposing a full divestment alongside senior Italian officials, considering the banking-services division as strategically important.
JRF and DBL Group seek digital banking licence in Bangladesh
The proposed new bank received initial approval from the central bank in 2023 and now awaits a letter of intent (LOI) to begin formal operations.
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UniCredit appeals to Italy’s top court over BPM bid conditions
The appeal follows a previous legal challenge in a lower court, where UniCredit achieved only a partially favourable outcome.
Hamilton completes digital transformation with Tailwind’s AI platform
The Caribbean-based financial institution’s upgrade is part of a broader adoption of the 2024 Temenos banking software release.
Vision Bank modernises document management process with Newgen
The Abu Dhabi-based Islamic financial institution implemented Newgen’s electronic document and record management system (EDRMS).
VPBank completes core banking migration to Temenos platform
The bank deployed the Temenos core banking solution, hosted by Red Hat OpenShift, with support from Systems Limited.
TPG makes $1.16bn bid for Nexi’s digital banking solutions unit
Nexi has until mid-December to determine whether to proceed with the transaction, which was notified to its board earlier this week.