All articles by Refna Tharayil
Refna Tharayil
Indian lender IDFC First Bank completes merger with IDFC
As part of the merger, shareholders of IDFC will receive 155 equity shares of IDFC First Bank for every 100 equity shares held
Mastercard and KaiOS Technologies collaborate to simplify acceptance for millions of SMEs in emerging markets
Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS Technologies will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy
Visa to acquire real-time AI payments protection technology firm Featurespace
Through the acquisition of Featurespace, Visa aims to bolster and complement its portfolio of fraud detection and risk-scoring solutions
Alerus Financial and HMN Financial receive stockholder and regulatory approval to proceed with merger
pon completion of the transaction, Alerus will have approximately $5.5 billion in total assets, $3.7 billion in total loans, $4.3 billion in total deposits, and approximately $43.1 billion in assets under administration and management
Italian paytech firm Nexi secures €220m financing from European Investment Bank
Nexi Group aims to utilise the new funding to advance and manage projects focused on modernising digital payments across Europe
Mifflinburg Bancorp and Northumberland Bancorp announce strategic merger of equals
The combined company would have approximately $1.3 billion in total assets, $1.1 billion of total deposits, $850 million in total loans, and $93 million of combined shareholders’ equity based upon reported year end December 31, 2023 financial statements
Dgpays, Arcapita consortium to buy majority stake in Neopay from Mashreq
Under the terms of the agreement, Mashreq will maintain a significant minority interest in Neopay
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