All articles by Satarupa Bhowmik

Barclays completes £600m acquisition of Tesco Bank

Barclays UK has also commenced a long-term strategic partnership with Tesco Stores.

Mid Penn to acquire Pennsylvania’s William Penn for $127m

The combined entity will have total assets of about $6.3bn, $5.3bn in total deposits, and $4.9bn in total loans.

Posh AI upgrades banking platform with REALM reasoning engine

REALM taps multiple AI models, including large language models (LLMs), to deliver more intelligent analysis.

Cloud banking platform nCino to buy UK regtech FullCircl  

nCino says that the addition of FullCircl’s business rules-engine will enhance its onboarding capability.

Nigerian fintech Moniepoint raises $110m for digital banking expansion

The investment will be channelled towards accelerating Moniepoint’s growth across Africa.

Nium introduces real-time bank account verification service

Nium Verify is developed for instant bank account verification across 50 markets to prevent misdirected payments.

Citi partners with Google Cloud to upgrade tech infrastructure

The banking group will implement Google Cloud’s Vertex AI platform to offer generative AI capabilities.

First Carolina Bank enters deal to buy BM Technologies

Upon completion of the deal, BM Technologies will operate as a wholly owned subsidiary of First Carolina Bank.

Banco Santander begins retrenchment exercise at UK unit

Intesa Sanpaolo plans 9,000 layoffs in AI shift

The decision is expected to save €500m in staff costs, starting from 2028.