All articles by Refna Tharayil
Refna Tharayil
Lloyds Bank partners with Cleareye.ai to provide cutting-edge trade finance tech solutions
The AI-powered technology will also conduct automated examinations of documents – in line with the International Chamber of Commerce Rules for Documentary Credits and Collections – as well as critical compliance checks, including trade-based money laundering (TBML) checks
BBVA secures UK regulatory approval for control of Banco Sabadell’s TSB unit
The authorisation is one of the key requirements needed to complete BBVA’s previously announced €12bn bid for Banco Sabadell
Versabank closes U.S. Bank acquisition
SBH is a national bank chartered under the laws of the United States and regulated by the national Office of the Comptroller of the Currency
GoCardless wraps up acquisition of Nuapay from EML Payments
The transaction will considerably scale GoCardless’ indirect channel proposition and expedite the launch of new capabilities to allow customers to send and collect money through GoCardless
Oma Savings Bank completes acquisition as planned of Handelsbanken’s SME enterprise operations in Finland
As part of the acquisition of the SME enterprise operations, personal banking services for entrepreneurs, excluding asset management and investment services, were also transferred to OmaSp
Goldman Sachs to cut hundreds of jobs in annual review process
The layoffs, which will target underperformers across the bank, are expected to start in the next few weeks
KeyCorp and Scotiabank complete initial tranche of strategic minority investment
With this investment, Scotiabank now owns approximately 4.9% of KeyCorp’s common stock
Allica Bank snaps up bridging lender Tuscan Capital
Through the acquisition, Allica Bank aims to utilise Tuscan Capital’s existing expertise in bridging finance along with its broker network
Mastercard selects India for global launch of Payment Passkey Service
Despite the rising popularity of one-time passwords (OTPs) due to their ease of use, they are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception
First Busey to merge with CrossFirst Bankshares in $917m deal
The merger will create a premier full-service commercial bank serving clients from 77 full-service locations across 10 states in the US