All articles by Refna Tharayil
Refna Tharayil
Evertec to buy Brazilian financial technology provider Sinqia
Evertec said that the consideration will be in the form of 90% cash and 10% of the former’s shares in order to benefit from an accelerated process to closing that minimises execution risk
QEV Technologies and SPEAR Investments confirm expected business combination and listing on Euronext Amsterdam
The business combination agreement is expected to be signed before the end of July
Salve Financial Hub taps Finastra to reduce payment delays for corporates
Finastra’s SaaS solution Essence combined with Digital Engagement Hub will help Salve Financial to process quick and high value payments for corporates and their beneficiaries
US Federal Reserve Board issues two enforcement actions against Deutsche Bank
The FRB has issued a consent order to the German financial institution along with a fine of $186m
Nomura expands international wealth management business to Dubai
The company’s international wealth management division will mainly cater to high-net-worth individuals, single family offices, and external asset managers in the UAE and other countries
Kyndryl to host IT services of postal bank La Banque Postale in France
The extension of the collaboration is in line with La Banque Postale’s strategic goal to become the preferred bank in France by 2025
Citi launches electronic trade loan facilities for US Citi Commercial Bank clients
Citi worked with a U.S. software company, a CCB client, as part of the expansion of Citi’s eLoans footprint
Infosys completes foundation phase of Australian bank’s digital programme
Through the transformation, Bendigo and Adelaide Bank has been enabled by Infosys to consolidate multiple legacy document management systems into a single enterprise document management system as well as provide better customer service
Loomis to buy Italy-based Cima from Milano Investments for up to €150m
The acquisition will be carried out for an initial purchase price of €132m on a cash and debt-free basis along with a potential earn-out of up to €17.5m based on the EBITDA outcome for the financial year of 2024
Ares Management to buy private equity firm Crescent Point Capital
Established in 2003, Crescent Point Capital has nearly $3.8bn of assets under management