All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
FNZ raises $650m from existing institutional shareholders
The new funding will provide additional capital to support the company’s long-term business plan and operations.
Russia approves Citibank Russia sale to Renaissance Capital
The approval is required under Russian rules introduced in response to Western sanctions after the country’s military actions in Ukraine.
UBS delays migration of ultra‑high‑net‑worth Credit Suisse clients – report
The delay interrupts the bank’s integration process and raises doubts about meeting its end‑March target for migration of all clients.
ABN AMRO to acquire commercial bank NIBC for up to €960m
The acquisition will expand the scale of ABN AMRO’s retail banking operations and strengthen its position in the Dutch market.
Morgan Stanley integrates KKR-backed Corastone platform
This platform will digitise investor onboarding and automate validation steps that previously relied on manual paperwork.
JRF and DBL Group seek digital banking licence in Bangladesh
The proposed new bank received initial approval from the central bank in 2023 and now awaits a letter of intent (LOI) to begin formal operations.
Standard Chartered plans to reopen private bank in Switzerland – report
This news follows the bank’s winding down of its Swiss private banking arm about a decade ago after it failed to find a buyer for the business.
CDP opposes Nexi’s sale of majority stake in digital banking unit to TPG
CDP is opposing a full divestment alongside senior Italian officials, considering the banking-services division as strategically important.
Vision Bank modernises document management process with Newgen
The Abu Dhabi-based Islamic financial institution implemented Newgen’s electronic document and record management system (EDRMS).
VPBank completes core banking migration to Temenos platform
The bank deployed the Temenos core banking solution, hosted by Red Hat OpenShift, with support from Systems Limited.