All articles by Swagath Bandhakavi
Swagath Bandhakavi
UK FCA imposes £42m fine on Barclays over financial crime risk failures
The penalties pertain to separate cases involving the wealth management firm WealthTek and the bullion firm and refinery Stunt & Co.
Huntington Bancshares to acquire Dallas-based Veritex in $1.9bn all-stock deal
The acquisition could enhance Huntington’s Texas growth strategy by strengthening its presence in Dallas/Fort Worth and Houston.
NiCE Actimize X-Sight AML solutions selected by Aberdeen Group to enhance its financial crime operations
NiCE Actimize’s embedded AI provides intelligence to optimize detection and improve AML program efficiency.
Lloyds Banking Group in advanced talks to acquire fintech Curve
The British banking group views acquiring Curve as a strategic step to bolster its presence in the payments infrastructure sector.
Seacoast completes acquisition of Heartland Bancshares
Expands Seacoast’s presence in central Florida by entering Highlands County.
Alpaca to enhance EU market presence with WealthKernel acquisition
WealthKernel specialises in delivering wealth management products and compliance solutions for regulated businesses in the UK and EU.
Paysafe launches PagoEfectivo wallet, expanding payment options in Peru
New digital wallet will offer instant payouts, code payments and P2P transfers.
Procyon boosts northeastern US footprint with Wooster Corthell acquisition
The enlarged organisation now comprises 56 professionals and will focus on retirement planning and wealth strategies.
Ripple selects BNY to custody Ripple USD reserves
Demonstrates shared commitment to building financial infrastructure for the future.
Norwood Financial to acquire Pennsylvania rival Presence in $54.9m deal
The merger will form a combined entity with $3bn in assets, expanding Norwood Financial’s presence in Pennsylvania.