Faulu Microfinance Bank has received a significant boost with a Sh900 million capital injection from its parent company, Old Mutual. This funding is aimed at advancing Faulu’s digital service offerings...
Category: Finance
Navigating the Algorithmic Labyrinth: Consumer Groups Call for CFPB Oversight
In an era where algorithms dictate the ebb and flow of financial opportunities, consumer groups have raised their voices for the Consumer Financial Protection Bureau (CFPB) to step in. The...
ACCC Grants Interim Authorisation to ABA, Banks, and Retailers to Financially Support Armaguard
In a significant move to ensure the sustainability of cash distribution services in Australia, the Australian Competition and Consumer Commission (ACCC) has granted interim authorisation to the Australian Banking Association...
Bank Holidays in July 2024: Banks to Remain Closed for 12 Days
In July 2024, banks across India will observe a total of 12 holidays, including regional and state-specific holidays, as well as the regular second and fourth Saturdays and Sundays. The...
CTBC Bank Joins Avaloq to Enhance Private Banking Experience
CTBC Bank, Taiwan’s largest privately owned bank, has partnered with Avaloq to revolutionize its private banking services in Hong Kong and Singapore. This collaboration aims to leverage Avaloq’s advanced core...
The Week Ahead in Business: Government’s Economic Statement
This week, several key economic updates are expected to shape the business landscape in Ireland. The Government is set to release its summer economic statement, outlining plans for the 2025...
Thai Banks Do Not Support Arms Procurement by Myanmar’s Junta: TBA
In a recent statement, the Thai Bankers’ Association (TBA) has clarified that Thai banks do not support or facilitate arms procurement by Myanmar’s military junta. This announcement comes amid growing...
RBI Financial Stability Report: Are Banks at High Risk from NBFC Failures?
The Reserve Bank of India’s (RBI) latest Financial Stability Report has raised concerns about the potential risks that Non-Banking Financial Companies (NBFCs) pose to the banking sector. Despite the overall...
Avidia Bank Joins Q2 and Personetics to Modernize Its Digital Banking Experience
In a significant move to enhance its digital banking services, Avidia Bank has partnered with Q2 Holdings and Personetics. This collaboration aims to provide a more personalized and efficient banking...
Treasurer Approves ANZ Takeover of Suncorp Banking Arm
In a landmark decision, Australia’s Federal Treasurer Jim Chalmers has approved the ANZ Group’s acquisition of Suncorp’s banking arm for A$4.9 billion. This approval marks the culmination of nearly two...