Latest news with #BPM
Reuters
2 days ago
- Business
- Reuters
UniCredit CEO, Mediobanca executive give testimony in Monte dei Paschi share probe, source says
MILAN, June 18 (Reuters) - Milan state prosecutors have heard testimony from UniCredit CEO Andrea Orcel and a Mediobanca executive as they look into the government's sale of a 15% stake in Monte dei Paschi di Siena ( opens new tab to a small group of investors in November, a source with knowledge of the matter said. The source, speaking anonymously as the investigation is ongoing, did not say when the pair were questioned and emphasised that neither were under investigation. Mediobanca ( opens new tab declined to comment. A representative for UniCredit ( opens new tab was not immediately able to comment. The Treasury was looking to build a stable core of domestic shareholders in MPS which it rescued in 2017, according to sources ahead of the sale. It sold stakes to Banco BPM , fund manager Anima Holding ( opens new tab, construction tycoon Francesco Gaetano Caltagirone and the holding company of late Ray-Ban owner Leonardo Del Vecchio. Soon after buying its stake, BPM became a takeover target of UniCredit as Orcel moved to thwart government plans to promote a tie-up between BPM and Tuscan bank MPS. The Financial Times reported last year that UniCredit sought in vain to buy a 10% stake in MPS during the sale process. The Economy Ministry said the sale was handled "transparently". It is not known which alleged crimes Milan prosecutors are investigating or who is under investigation. UniCredit is now locked in a legal battle with the government over conditions Rome has imposed on its bid for Banco BPM. Economy Minister Giancarlo Giorgetti has threatened to resign if the government were to budge on the conditions. On Wednesday, Giorgetti declined to answer when asked if anyone from his ministry was under investigation over the MPS stake placement. "Prosecutors do their job, what can I say?," he told reporters on the sidelines of a parliamentary hearing. The takeover war unfolding in Italy and the role the government is playing has raised alarm bells in the European Union and has disconcerted investors. On Thursday, a ruling on UniCredit's takeover of BPM is expected from EU competition authorities, who are looking into the conditions Italy has set. A separate EU scrutiny of how Italy vets banking deals is ongoing and could lead to fines. As part of the Milan investigation police has secured documents relating to the transaction from the offices of Banca Akros, the broker that handled the process which is a Banco BPM subsidiary. Banca Akros has said it handled the process "correctly and transparently", fully complying with applicable regulations.
The Irish Sun
2 days ago
- The Irish Sun
Married deputy head teacher, 51, ‘had sex with schoolgirl in car & at home while dad was away'
A MARRIED deputy head teacher allegedly had sex with a schoolgirl in his car and at her home while her dad was away. Former assistant head and English teacher John Harvey is accused of having sex with the girl several times. 2 John Harvey, former deputy headteacher, English teacher and safeguard lead at Penryn College Credit: BPM The 51-year-old, who worked at Penryn College in Cornwall, denies the charges. When he was arrested and interviewed by cops, he said it was all "a figment of her imagination", Prosecutor Nigel Wraith said the pair had sex outside school, in his car and even at her home when her dad had been away. Truro Crown Court was told that the teenager had been in love with her teacher but he told her to keep the relationship secret. Read more This was because he was a married man with children and he could lose his job and could go to prison. The prosecutor told the jury that the relationship, which included two pregnancy scares, continued after she left school. It wasn't reported to the police until her friends became concerned. Truro Crown Court was told that there is no question of sexual assault or rape. Most read in The Sun Harvey is facing two counts of inappropriate sexual behaviour with a 16-year-old girl while being in a position of trust and abusing that trust. The alleged behaviour are said to have occurred several years ago. While the This is in order to protect pupils at school from potential inappropriate relationships with teachers. 2 The 51-year-old, who worked at Penryn College in Cornwall, denies the charges Credit: BPM
Yahoo
4 days ago
- Business
- Yahoo
Business Process Management Services Company Radar Report 2025 - Service Providers Must Adopt Tech-first Strategies, Focusing on Platform-driven BPM and AI
The business process management (BPM) services market is expanding due to digital transformation, AI adoption, and cost pressures. Companies are moving to automation-driven models with AI-driven analytics.. Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Business Process Management Services 2025" report has been added to offering. The global BPM services market is competitive and fragmented because of the influx of companies in global and local IT services, BPM, consulting, contact center, and digital solutions. Service providers must transition from labor-centric to technology-first approaches while utilizing AI, data analytics, and automation to deliver quantifiable business value. Winners will be those that invest in platform-driven BPM, industry-specific AI solutions, and advisory services that facilitate end-to-end digital transformation. The business process management (BPM) or business process outsourcing services market continues to grow, driven by digital transformation, AI adoption, and cost optimization pressures. Organizations are shifting from traditional labor arbitrage models to outcome-based engagements with automation, AI-driven analytics, and hyper-personalization of client interactions. With the advancement of the digital era, organizations are increasingly outsourcing their technology, finance and accounting, trust and safety, customer experience, supply chain and procurement, human resource management, knowledge management, and other essential business processes. Intelligent automation and artificial intelligence (AI) including generative AI and agentic AI are transforming and fundamentally redefining the BPM services value publisher analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Radar. Companies to Action Accenture Automatic Data Processing Cognizant Technology Solutions Concentrix Conduent EXL Service Holdings Foundever Genpact Infosys BPM Tata Consultancy Services Tech Mahindra Teleperformance transcosmos Wipro For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
12-06-2025
- Business
- Reuters
Italy court rejects Banco BPM's appeal against UniCredit bid suspension
ROME, June 12 (Reuters) - An Italian court on Thursday rejected an appeal by Banco BPM ( opens new tab which had challenged the suspension of a takeover offer it faces by rival UniCredit ( opens new tab, the court's website showed. UniCredit secured a one-month suspension of its offer for BPM by the country's markets regulator after the bid ran into difficulties due to government-set conditions. BPM had sought to have the suspension scrapped, saying it limited the bank's decision-making abilities and damaged its shareholders.
Entrepreneur
09-06-2025
- Business
- Entrepreneur
One Point One Solutions Acquires Majority Stake in TECHSCIENT.AI to Bolster AI Automation Capabilities
The deal is expected to be finalized by September 30, 2025. Once completed, the acquisition will allow 1Point1 to broaden its appeal among digital-first clients You're reading Entrepreneur India, an international franchise of Entrepreneur Media. One Point One Solutions Limited, a player in the business process management (BPM) sector, has announced the acquisition of a majority stake in Private Limited, a deep-tech firm specializing in no-code, AI-powered automation. The move marks a strategic push by the company to deepen its capabilities in intelligent automation and reinforce its position in India's rapidly evolving digital transformation space. The acquisition, disclosed via a company press release, brings autonomous software engineering platform under 1Point1's umbrella. The platform allows businesses to create and scale AI-driven workflows without traditional coding, enabling faster deployment and improved operational efficiency. The integration of this proprietary technology is expected to strengthen 1Point1's existing BPM services, particularly in sectors like banking, healthcare, e-commerce, fintech, and logistics. "With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation," said Akshay Chhabra, promoter and director at One Point One Solutions. " autonomous AI capabilities represent a pioneering shift in BPM. By integrating their advanced solutions into our ecosystem, we are enabling enterprises to automate complex operations, optimise costs, and scale at unprecedented speed." platform features an API-first architecture, real-time data intelligence, and AI-native automation, aimed at reengineering enterprise workflows with minimal human intervention. Its tools are designed to simplify large-scale digital transformation, especially for companies looking to move beyond traditional software development cycles. As part of the acquisition, 1Point1 plans to embed automation engine into its BPM framework to improve functions such as customer management and back-office operations. The combined teams will collaborate on building scalable AI-based solutions that cater to enterprises demanding intelligent, end-to-end automation. The deal is expected to be finalized by September 30, 2025. Once completed, the acquisition will allow 1Point1 to broaden its appeal among digital-first clients, particularly those seeking rapid deployment of smart, cost-effective process automation tools. This move underscores a broader trend among BPM providers investing in deep-tech solutions to remain competitive in a landscape increasingly shaped by artificial intelligence and autonomous systems.
