All articles by Swagath Bandhakavi
Swagath Bandhakavi
Mercury reaches $3.5bn valuation with $300m Series C funding round
The funding round saw new investor Sequoia Capital take the lead, joined by Spark Capital and Marathon, with continued support from existing investors including Coatue, CRV, and Andreessen Horowitz
Rain raises $24.5m to enhance stablecoin card issuance
Rain’s infrastructure is said to enable seamless integration of stablecoins with fiat systems, allowing businesses to issue both physical and virtual cards for B2B and consumer use
CIBC becomes first major Canadian bank to sign federal generative AI code of conduct
This initiative highlights CIBC’s dedication to fostering ethical AI practices and promoting responsible innovation within the financial sector
JLL to acquire investment banking firm Javelin Capital
Through the acquisition, JLL aims to expand its energy and infrastructure capital markets expertise in the US
Bank of England launches the 2025 Bank Capital Stress Test
The stress scenario is not a forecast of macroeconomic and financial conditions
BankFirst Capital to acquire Magnolia State in Mississippi expansion
Upon completion of the merger, BankFirst Financial Services will extend its network to 52 branches across Mississippi and Alabama.
Itaú Chile announces changes to the executive committee of its banking subsidiary in Colombia
Jorge Villa has over 27 years of experience in the financial sector. He joined Itaú Colombia in 2011
NatWest partners with OpenAI to advance AI adoption in banking
The collaboration is set to fast-track NatWest’s adoption of generative AI technologies, providing direct access to OpenAI’s latest innovations
Lloyds Banking Group expands collaboration with Oracle to support tech transformation
UK financial services organisation adopts Oracle Database@Azure and Oracle Exadata Cloud@Customer to accelerate its migration to the cloud, helping it to deliver new products and capabilities faster
Santander to close 95 UK branches, putting 750 jobs at risk
The move follows a sharp rise in digital banking usage and a decline in in-branch transactions as more customers opt for online and mobile services