All articles by Refna Tharayil
Refna Tharayil
Mastercard and Faysal Bank strengthen strategic partnership to redefine Pakistan’s Islamic banking landscape
Through this partnership, Faysal Bank customers will continue to enjoy a secure, seamless payment experience, along with a wide array of best-in-class benefits across dining, travel, lifestyle, and shopping
British online bank Zopa Bank secures €80m in funding led by A.P. Moller
The funding will support Zopa’s continued expansion as it prepares to launch its flagship current account in 2025 and a generative AI proposition
WSPN partners with Fractal to expand stablecoin access on bitcoin
The partnership will enable WUSD, which is backed 1:1 by US dollars and fully collateralized by high-quality liquid assets, to be seamlessly integrated into Fractal’s growing network of financial applications
Mambu acquires Numeral to enhance payment technology capabilities
Mambu will integrate Numeral’s platform into its core banking offerings, thereby enabling the delivery of advanced payment solutions technology
Beneficient to acquire Mercantile Bank International to expand alternative asset custody services
An IFE’s authorized activities may include custody, clearing, and payments and related traditional and digital products and services and, as approved by the OCIF, traditional banking services, such as deposits, lending, investments, and trusts
Royal Bank of Canada’s Q4 FY24 net income increases by 7% to $3bn
The bank’s revenue for Q4 FY24 amounted to C$15.1bn ($10.73bn), up 19% from C$12.68bn ($9.01bn) in Q4 FY23
UniCredit expands partnership with Blackstone to bring institutional-quality private equity to wealth clients in Italy
The strategy encompasses the asset manager’s investments across corporate private equity, tactical opportunities, secondaries, life sciences, and growth investing
Scotiabank’s Q4 FY24 net income increases by 25% to $1.2bn
In the quarter that ended 31 October 2024, Scotiabank’s total revenues amounted to C$8.5bn ($6.04bn), which is an increase of 2.4% compared to C$8.3bn ($5.9bn) in Q4 FY24
United Community Banks and ANB Holdings announce merger agreement
ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing part of the Miami metropolitan area
United Bankshares gets regulatory nod for $267m merger with Piedmont Bancorp
The merger is anticipated to close in early 2025, subject to the fulfilment of customary conditions