All articles by Swagath Bandhakavi
Swagath Bandhakavi
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
Fiserv acquires CCV
Acquisition enhances Fiserv’s payment solutions capabilities and innovation across European market
Morgan Stanley plans 2,000 layoffs as part of efficiency drive
The US-based investment bank had over 80,000 employees globally at the end of last year
Digital wallet provider Curve raises £37m to bolster growth and innovation
The funding is allocated for Curve’s 2025 plans, including product launches and customer-focused improvements, strengthening its financial position to expedite profitability and support ongoing growth
Ripple gains approval to offer blockchain-powered payments in Dubai’s DIFC
The licence marks Ripple’s first regulatory approval in the Middle East, enabling the company to offer blockchain-powered payment services to businesses within DIFC
MGX makes $2bn investment in cryptocurrency exchange Binance
The deal, which involves acquiring a minority stake in Binance, marks MGX’s initial entry into the cryptocurrency and blockchain sectors
AuthenticID and Authvia join forces to provide secure, frictionless digital payments
This collaboration ensures that only verified users can send or receive payments, eliminating fraud risk while making transactions faster, safer, and more convenient
UK govt plans to integrate Payment Systems Regulator into FCA framework
The British government’s decision is part of an initiative to streamline financial regulation and promote economic growth