All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Barclays Bank goes live on CLS’s Cross Currency Swaps service
The CCS service supports FX market participants’ adherence to Principle 35 of the FX Global Code.
Temenos rolls out advanced generative AI solutions for core banking
Temenos’ Generative AI solutions are transparent and explainable, allowing users and regulators to verify the results produced, and can easily integrate with Temenos Core and Financial Crime Mitigation (FCM)
Fils and Arab Financial Services (AFS) Forge Strategic Partnership to Drive Sustainable Digital Transformation in the MENA Region
Fils’ partnership with AFS is hot on the heels of an impressive roster of collaborations so far this year
Broadridge and Kyndryl to Partner in Canadian Wealth Management
The transaction is not expected to have a material impact on Broadridge’s financial results and is expected to close in the coming months subject to customary closing conditions
Spanish government blocks BBVA’s $12bn hostile bid for Sabadell
Sabadell said that the documents provided by BBVA violate a government rule on how companies must make such approaches, as the government has the authority to suspend any merger or acquisition of a bank
TSB to axe around 250 jobs, shut down 36 branch locations
The British lender would cut roles in its fraud operations and central operations, and will close 36 physical locations, leaving 175 branches in its network, in addition to the previously announced 300 jobs cuts
OXXO and Western Union Strengthen Cross-Border Remittance Services in Mexico
Since 2016, OXXO and Western Union have together offered inbound remittance services, with the aim of simplifying their customers’ lives.
Temenos Multifonds extends partnership with Citi Securities Services to consolidate global funds services on Multifonds SaaS
Move to Multifonds SaaS enables Citi Securities Services to manage its global business efficiently on a single platform
UBS Q1 2024 net profit increases by 71% to $1.75bn
The Swiss lender reported total revenues of $12.73bn for Q1 2024, a 46% increase compared to $8.74bn, and operating expenses of $10.25bn for Q1 2024, a 42% rise compared to $7.21bn, for the same quarter in the previous year
Gallant Capital acquires Fime and UL Solutions’ payments testing business
Fime enables its clients to create and launch trusted and secure solutions through its consulting and testing services in payments, smart mobility, and digital identity.