BaFin

Germany's Federal Financial Supervisory Authority (BaFin) said on July 29 that it had begun monitoring AI use by banks, insurers and other financial firms after new national legislation assigned it re…

Persistent Systems, through its subsidiary Galaxy Germany Holding SE, announced a voluntary public takeover for all shares of Nagarro at EUR 81 per share, a 140% premium over the undisturbed closing p…

Persistent Systems and Nagarro announced an all-cash takeover offer at EUR 81 per share, valuing Nagarro at approximately EUR 1 billion. The merger creates a $2.9 billion digital engineering entity wi…