All articles by Refna Tharayil
Refna Tharayil
Kinective acquires Nexus Software
This strategic acquisition boosts Kinective’s position as a market leader in banking software, driving transformation in retail operations while creating new avenues for international market expansion
Goldman Sachs Q2 2024 net earnings surge 150% to $3bn
The net revenues of the US investment banking group were $12.73bn, a 16.8% growth from the net revenues of $10.89bn reported in Q2 2023
Eastern Bankshares announces successful merger with Cambridge Bancorp
The all-stock transaction was originally announced on September 19, 2023
Citigroup’s Q2 2024 net income increases by 10% to $3.2bn
The American investment bank and financial services company’s revenues in Q2 2024 were up by 3.6% to $20.1bn compared to $19.4bn in the prior-year period
Expedia Group, Wells Fargo, and Mastercard announce new suite of one key credit cards
Launching with all types of travelers in mind, the One Key Cards offer a host of benefits, including the ability to earn rewards as OneKeyCash, which can be used across Expedia, Hotels.com, and vacation rental site Vrbo to book eligible hotels, vacation rentals, car rentals, activities and flights
Envestnet to go private with Bain Capital in $4.5bn deal
Private investment firm Reverence Capital Partners and other strategic partners including Fidelity Investments, BlackRock, Franklin Templeton, and State Street Global Advisors have committed to invest in the transaction
Finastra facilitates connection of Swiss banks in readiness for new SIC instant payments service
The project will connect banks’ systems to the Swiss market infrastructure for instant payments via Finastra’s Service Bureau
US imposes $136m fine on Citi for failing to fix data management issues
Based on the Citigroup’s violations of the 2020 order and lack of processes to monitor the impact of data quality concerns on regulatory reporting, the OCC and FRS fined the bank $75m and $60.6m, respectively
AFFIN BANK partners with ACI Worldwide to modernise payments for Malaysian businesses
This partnership also targets a 75% efficiency boost through process automation and eliminating manual actions, reducing errors
African payments company Nala secures $40m in Series A round
Led by American venture capital firm Acrew Capital, the financing round also saw the participation of HOF Capital, DST Global, and Norrsken22