All articles by Refna Tharayil
Refna Tharayil
Mastercard expands AI technology to help banks protect more consumers from scams in real time
Since early 2023, the Mastercard solution has helped 11 UK banks identify and stop a scam payment before the funds leave the victim’s account
BNP Paribas to acquire HSBC’s private banking business in Germany
As part of the deal, around 120 staff members and the assets and customers of HSBC Germany’s private banking business will be migrated to BNP Paribas
BofA to open more than 165 financial centers by end of 2026
Following Bank of America’s entry into Louisville this year, the company also plans to open its first financial centers in Boise, Idaho, in early 2025
Societe Generale to divest 58% stake in Guinean unit to Atlantic Financial
The French company expects to have a positive impact of around 2 basis points on the group’s CET1 ratio through the proposed deal
PayPal Ventures reinforces support of Chaos Labs with additional investment
Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point
Close Brothers to divest wealth management unit to Oaktree in £200m deal
Under Oaktree’s ownership, CBAM is expected to accelerate its growth, with plans to provide the investment required to enhance profitability and expand its presence in the wealth management sector
Boerse Stuttgart Digital provides crypto infrastructure to DZ BANK
Leveraging Boerse Stuttgart Digital’s regulated institutional crypto infrastructure solutions, DZ BANK will enable 700 cooperative banks to offer their retail customers to trade cryptocurrencies and to securely store them in licensed fiduciary custody
NAB extends partnership with AWS to transform technology capabilities
Under the renewed collaboration, NAB aims to accelerate the migration of ITS critical workloads to AWS cloud infrastructure
Deutsche Bank strengthens comprehensive advisory approach and invests in digitalisation
The range of personal advice is supported by a significantly increased capacity for advice via video and telephone
UniCredit likely to seek ECB clearance to acquire up to 30% stake in Commerzbank
Under European banking regulations, the ECB must approve any investor seeking to hold 10% or more of a bank.