HDFC headcount shrinks by over 3,000 amid automation push
India’s HDFC Bank is shifting backend employees to customer-facing roles by utilising technology-driven efficiencies. The country’s largest private lender has…
13 Jul 2026
UK puts four major cloud providers under direct financial regulation
The UK has placed its four key cloud service providers under direct financial regulatory oversight to reduce the risk of disruption affecting millions of users. The new framework designates Amazon…
10 Jul 2026
Raiffeisen upgrades to Broadridge’s BRx Match reconciliation platform
Centralised Raiffeisen International Services & Payments (CRISP), the shared service centre for Raiffeisen Bank International (RBI), has adopted Broadridge Financial Solutions’ BRx Match reconciliation system. The change is aimed at…
10 Jul 2026
Finland’s S-Bank enters €571m deal to acquire Oma Savings Bank
Finland’s S-Bank has issued a public cash tender offer covering all issued and outstanding shares of compatriot Oma Savings Bank for €571m ($653m). Shareholders other than Oma Savings Bank and…
09 Jul 2026
Italy’s UniCredit gains around 48% Commerzbank stake
UniCredit said investors have tendered shares equal to 17.60% of Commerzbank’s outstanding share capital in response to its voluntary offer, a result the bank said was “well ahead” of its initial expectations. The offer was launched in May this…
09 Jul 2026
SambaNova to power on-prem AI inference for JPMorgan
JPMorganChase has picked SambaNova as an inference-infrastructure partner to support secure, on-premise AI inference. The US banking major will install the start-up’s SN40 and SN50 systems, purpose-built for agentic inference. The disclosure was made as the AI chip maker raised $1bn as part of a Series F investment round, giving it a post-money valuation of…
08 Jul 2026
Narmi to launch AI Decision Assist
Digital banking platform provider for banks and credit unions, Narmi, is to launch AI Decision Assist. The new agentic AI capability is designed to help financial institutions automate and accelerate…