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BAWAG Group Successfully Completes Takeover of Knab
The acquisition of Knab by BAWAG Group has been successfully completed. The Austrian bank bought Knab from insurer asr in February 2024 .
BAWAG, a listed banking group with a market capitalization of more than €5.5 billion, will provide Knab with financial strength and operational support to grow further.
Nadine Klokke, CEO Knab: “We are pleased to become part of BAWAG Group. It offers us a great opportunity to further expand our brand as the number one bank for self-employed persons and other entrepreneurs. BAWAG Group will strengthen our ambitions to grow faster and help us to serve our customers even better.”
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The Paytech Magazine Issue #18
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Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
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Loan servicing, long one of the most manual and operationally intensive areas of financial services, is beginning to shift as AI voice agents move from pilots into live production environments.