All articles by Refna Tharayil
Refna Tharayil
ANZ secures Australian Federal Treasurer’s approval for $3.2bn Suncorp deal
Granted under the Financial Sector (Shareholdings) Act 1998, the approval entails various conditions, such as ANZ Bank maintaining its and Suncorp Bank’s regional branch numbers across Australia for a period of three years
DBS powers Mashreq’s global same-day cross-border payments
The service is powered by DBS Globesend, a cross-border payment solution enabling cost-effective, fast and transparent payments covering up to 132 currencies across 190 markets
Payroc to acquire i3 Verticals’ merchant of record payments business in $440m deal
i3 Verticals’ business to be sold comprises two non-core assets from the firm’s software and services segment related to the non-profit and property management vertical markets
Nubank acquires Hyperplane to accelerate AI-first strategy
The partnership will usher in a new era for digital banking platforms, bringing smarter, fairer, and more personalized financial products and services to Nubank’s customers
US district judge rejects Visa and Mastercard’s $30bn settlement with merchants
The allegation by many merchants and trade groups on Visa and Mastercard is that card fees would remain excessively high apart from the two firms retaining extreme control over card transactions
Dogwood State Bank and Community First Bancorporation announce receipt of regulatory approvals for merger
The regulatory approvals follow the approvals from the shareholders of each of Dogwood and Community First
Alpha Star Acquisition to merge with financial technology solutions firm Xdata
Xdata Group offers various specialised products, including an internet banking suite, mobile banking apps for banks, and EMIs as well as a customer relationship management solution
Digital mortgage lender nesto acquires mortgage finance company CMLS
The enlarged entity following the acquisition will have over C$60bn ($43.8bn) in mortgages under administration
Natwest to acquire Sainsbury’s Bank’s retail banking assets and liabilities
The acquisition comprises nearly £2.5bn of gross customer assets, encompassing £1.4bn of unsecured personal loans and £1.1bn of credit card balances along with around £2.6bn of customer deposits
PeoplesBank and Cornerstone Bank announce merger of holding companies
Two mutual banks will benefit from combined strength while continuing separate operations