As the financial landscape evolves, banks are facing increasing pressure to adapt their traditional credit card models to accommodate newer payment channels. The rise of digital wallets, instant payments, and...
Category: Finance
Climate X Report: Most Top Banks Fail Climate Adaptation Tests
A recent report by Climate X has revealed that a staggering 88% of the world’s leading banks are unprepared for climate-related disruptions. The report, which evaluated the climate adaptation maturity...
Business Lending: The Next Battleground for Australia’s Banks
Australia’s banking sector is gearing up for a new competitive frontier: business lending. As the economy recovers from the impacts of the pandemic, banks are increasingly focusing on lending to...
German Banks to Fund €146mn Copper Smelting Project in Uzbekistan
In a significant boost to Uzbekistan’s industrial sector, German banks have agreed to fund a €146 million copper smelting project. This financial agreement, reached during German Chancellor Olaf Scholz’s visit...
Banking Industry Expands 11.5% Amid Economic Challenges
The banking industry has shown impressive growth, expanding by 11.5% in the first half of the fiscal year, according to the latest report by the State Bank of Pakistan (SBP)....
Banking Sector Shows Resilience Amid Challenges
The banking sector has demonstrated remarkable resilience in the face of numerous challenges during the first half of the current fiscal year. According to the State Bank of Pakistan’s (SBP)...
Ghana Banks Report GH¢63 Million in Fraud Cases for 2023
In 2023, Ghana’s banking sector faced a significant challenge with reported fraud cases amounting to GH¢63 million. This marked a 21% increase from the previous year’s GH¢52 million. The Bank...
New Access to Cash Rules Kick In for Banks and Building Societies
The Financial Conduct Authority (FCA) has introduced new regulations to ensure that banks and building societies provide adequate access to cash services for local communities. These rules, effective from September...
In the Long Run, Rate Cut by Fed Will Be Favourable for Most US Banks: Moody’s
The Federal Reserve’s decision to cut interest rates has sparked considerable debate among economists and financial analysts. According to Moody’s, while the initial impact of the rate cut may pose...
The Impact of De-Risking by Correspondent Banks on International Trade
The phenomenon of de-risking by correspondent banks has emerged as a significant challenge in the global financial landscape. This practice involves banks terminating or restricting their relationships with foreign financial...