GlobalData's Celent division has issued a report entitled: Infusing Loan Servicing Platforms With Artificial Intelligence- How Lenders Are Transforming Loan Servicing…
US fintech firm Plaid has reached an $8bn valuation following its latest investment round, reported Bloomberg. The round was intended to provide liquidity for employees holding shares in the privately held San Francisco-based company, the news agency said citing unnamed sources. The exact sum…
Several major Asian banks are preparing to submit offers for HSBC’s retail banking business in Indonesia, reported Bloomberg. The group of interested parties includes Singapore’s DBS Group, Oversea-Chinese Banking Corp.…
Citigroup has invested in Sakana AI, marking the US banking group’s first such investment in Japan. The investment size was not disclosed, though both sides described it as “strategic”. In…
JPMorgan Chase CEO Jamie Dimon has said the bank is actively responding to the impact of AI on employment within the organisation, reported CNBC. During an investor presentation, Dimon discussed…
Banco Santander plans to exceed €20bn ($23.6bn) in profits over the next three years by leveraging cost cuts and expansion in the US and UK markets. On 25 February, the bank released its strategic objectives…
Hungary’s OTP Bank has set its sights on central Asia for potential acquisitions, aiming to replicate its expansion drive from eastern Europe, reported Bloomberg citing its CEO Peter Csanyi. The…
