JPMorgan amalgamates three EU units as Brexit looms
American banking giant JPMorgan Chase is reportedly planning to consolidate its three banking subsidiaries in the European Union (EU) to…
LVB set to function as DBS Bank starting tomorrow
The Reserve Bank of India (RBI), the country’s central bank, said that the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India (DBIL) will be effective from 27 November…
Intuit secures US DOJ nod for $7.1bn deal to buy Credit Karma
US-based financial platform company Intuit has obtained the regulatory approval from the US Department of Justice (DOJ) to acquire personal finance company Credit Karma. Intuit is the creator of TurboTax,…
Japan: bank branches take on a new look as they race into the digital age
The Covid-19 pandemic is thrusting Japanese banks deeper into the digital age with the revamping of branch outlets and the planned disappearance of bank tellers. Bank branches in Tokyo and…
Mongolia’s XacBank taps Infosys for digital transformation
Mongolia-based universal bank XacBank has selected Infosys as its technology partner to power its digital transformation. XacBank has selected Infosys Finacle, part of EdgeVerve Systems, an Infosys subsidiary. The bank…
Digital banking platform HMBradley raises fresh funds to drive growth
US-based digital challenger HMBradley has secured $18.25m in a Series A funding round as it surpasses $90m in deposits. The funding round was led by Acrew Capital, Finix and Deserve.…
Qatar sues First Abu Dhabi Bank over market misconduct
The Qatar Financial Centre Regulatory Authority (QFCRA) has commenced legal action in New York against First Abu Dhabi Bank (FAB) to compel the lender to pay a fine linked to…