All articles by RanjithKumar Dharma
RanjithKumar Dharma
Comerica Bank faces CFPB lawsuit over federal benefits failings
The bank has been accused of disconnecting 24 million calls and charging illegal ATM fees to over a million cardholders.
UK digital lender Zopa secures around $85m in equity funding
This capital will support Zopa’s growth as it prepares to launch its flagship current account and GenAI offering by 2025.
CredAble, PowerCred tie up on working capital tech for Indonesian banks
PowerCred’s local expertise will drive region-focused solutions and speed up the digital transformation of banks.
ThreatFabric secures funding from Rabobank’s investment arm
This investment supports ThreatFabric’s goals of global expansion and bolstering banking security against emerging threats.
ING Luxembourg to transfer 18,000 customers to BGL BNP Paribas
This partnership aligns with ING’s strategy to focus on personalised financial services and grow its wholesale banking division.
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Citi separates Mexico operations into two separate financial groups
Grupo Financiero Citi Mexico caters to institutional clients, while Grupo Financiero Banamex focuses on consumer, small, and middle market businesses.
Bank of Ireland divests Islamic home-finance portfolio to UK fintech Offa
The portfolio, valued at £17m ($21.6m), comprises over 350 home-purchase plans.
Mizuho Bank to merge with Defined Contribution Plan Services
After the merger, Mizuho Bank will retain its trade name, headquarters, leadership title, business activities.
BENEFIT, Tarabut launch open banking authentication solution in Bahrain
The platform uses BenefitPay e-wallet, as a trusted authenticator, streamlining the connection between consumers and banks.
Reem Finance taps Temenos to set up new digital bank in UAE
Temenos’ cloud-based service is expected to help Reem Finance rapidly scale operations in response to increasing demand.