Confidence in Sri Lanka’s banking system has shown signs of improvement in 2024, following a significant downturn in 2022. A recent survey conducted by the Central Bank among professionals in...
Category: Finance
Bitcoin Emerges as Potential Reserve Asset: Forbes Highlights Central Bank Interest
A recent analysis by the Bitcoin Policy Institute (BPI), spotlighted by Forbes, delves into the increasing conversation around Bitcoin’s viability as a reserve asset for central banks. Authored by Dr....
MTN Nigeria Threatens USSD Blackout Over Escalating N250 Billion Bank Debt
MTN Nigeria’s CEO, Karl Toriola, has sounded the alarm over a staggering N250 billion debt owed by banks for USSD services. The telecom giant is considering disconnecting banks from the...
Santander’s Openbank Makes U.S. Debut to Fuel Auto Lending Expansion
Santander has officially launched Openbank in the United States, marking a significant move to bolster its U.S. growth and fund its auto lending business. The digital platform aims to attract...
ANZ CEO Faces Tough Questions Over $2 Billion Profit Amid Farmer Struggles
Facing intense scrutiny at a Parliamentary hearing, ANZ New Zealand’s chief executive Antonia Watson defended the bank’s hefty $2 billion profit while farmers and homeowners grapple with financial hardships. She...
API Banking Ushers in a New Era of Financial Services Integration
Banking is changing, and fast. API banking is at the heart of this transformation, making financial services more accessible and efficient. By harnessing Application Programming Interfaces (APIs), banks are offering...
Deutsche Bank Surprises with Strong Q3 Profit as Investment Banking Soars
Deutsche Bank has bounced back to profitability in the third quarter, surpassing analyst expectations and marking a significant turnaround from its previous loss. The German banking giant reported a net...
NCBA Cuts Lending Rates as Pressure Mounts on Banks
In response to increasing economic challenges and heightened competition within the banking sector, NCBA Group Plc has announced a reduction in its lending rates. This strategic move aims to provide...
Central Bank of Kenya to Launch Fast Payment System Across All Banks and Financial Institutions
In a significant move to enhance the efficiency and accessibility of financial transactions, the Central Bank of Kenya (CBK) announced the launch of a Fast Payment System (FPS) across all...
NBE Introduces New Directive for Banking Liquidity Crisis Bailouts in Ethiopia
In a strategic move to bolster the stability of Ethiopia’s banking sector, the National Bank of Ethiopia (NBE) has unveiled a new directive outlining the terms for emergency liquidity assistance...