All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
BS2 Bank chooses Nium to support global FX settlements and real-time payouts
BS2 will use Nium’s Global FX product to lower FX costs and provide more real-time payouts between Brazil and popular trading corridors with China and the UAE
HSBC completes sale of Russian unit to Moscow-based Expobank
HSBC has completed the sale of its Russian business unit to Moscow-based privately held commercial bank Expobank, for an undisclosed…
Commerzbank teams up with Infosys, Murex to upgrade its trading platform
Germany’s Commerzbank has teamed up with French financial services company Murex and Indian information technology (IT) consulting company Infosys to…
Gesa Credit Union to acquire Washington-based Security State Bank
Based in Centralia, Washington, Security State Bank has around $600m in assets, and operates 12 branches that serve the communities of Centralia, Chehalis, Morton, Rochester, Pe Ell, Raymond, South Bend, and Grayland
Mastercard accelerates commitment to digital transformation in Africa
New alliance aims to enable digital access for 100 million individuals and businesses in Africa over next decade
SouthState to acquire Independent Bank Group in $2bn deal
The combined company will have total assets of $65bn, deposits of $55bn, and gross loans of $48bn, on a pro forma basis, and will also have a market capitalisation of around $8.2bn, upon closing of the transaction
Pima Federal Credit Union to acquire Republic Bank of Arizona
The US-based financial cooperative will acquire all the assets and assume all the liabilities of the Arizona-based community business bank, in an all-cash transaction that values the bank at around $22.00 per share, on a fully diluted basis
Visa to roll out new card products and services to boost digital adoption
Visa intends to roll out new products and services, including Visa Flexible Credential, Tap to Everything, Visa Payment Passkey Service, Click to Pay, Pay by Bank, Visa Protect for A2A Payments, and Data Tokens, later this year
NYCB to divest mortgage warehouse loans worth up to $5bn to JPMC
The bank holding company has signed a commitment letter with JPMC for the proposed transaction, which is expected to be completed in the third quarter of this year, and will reinvest the sale proceeds into cash and securities
Temenos introduces Temenos Positions to transform banking operations
New lean solution serves as a single source of truth for all real-time balances and funds authorizations data across the enterprise, regardless of underlying technology