In a controversial move, the UK government’s proposed legislation could transform banks into de facto social security watchdogs, a role the financial institutions are keen to avoid. The draft bill,...
Category: Finance
How Women Leaders are Driving Change and Innovation in the Banking Sector
The banking sector is undergoing a rapid and profound transformation, driven by technological, regulatory, and social changes. In this context, women leaders are playing a crucial role in shaping the...
JPMorgan’s secret to success in a turbulent banking sector
The banking industry has faced a series of challenges and crises in the past year, from the collapse of several regional banks in the US to the regulatory crackdowns and...
CBN to restrict 70 million bank accounts without NIN or BVN
The apex bank has issued a circular stating that all Tier 1 bank accounts and wallets for individuals must have Bank Verification Number or National Identification Number by March 2024....
Bank accounts without NIN/BVN face restrictions as deadline expires
The Central Bank of Nigeria has directed banks to place restrictions on all Tier 1 bank accounts without NIN or BVN from April 2024, causing panic among customers. The Central...
Exchange Bank welcomes Kevin Bender as new chief banking officer
The California-based community bank has appointed a veteran banker with over 40 years of experience to lead its retail and electronic banking operations. Exchange Bank, a full-service community bank headquartered...
RBI Slaps Fines on Five Co-op Banks for Regulatory Violations
The Reserve Bank of India (RBI) has imposed monetary penalties on five co-operative banks for non-compliance with various directions issued by the central bank. The banks that have been penalised...
ANZ-Suncorp Merger: A New Era for the Australian Banking Sector
The Australian banking sector is undergoing a major transformation, as ANZ, one of the big four banks, has agreed to acquire Suncorp’s banking arm for $4.9 billion. The deal, which...
How the Banking Sector Clean-Up Saved Ghana from Economic Collapse
The banking sector clean-up that took place in Ghana from 2017 to 2019 was a crucial intervention that helped the country to cope with the Covid-19 pandemic and the economic...
Why Singaporeans Are Not Ready for Digital-Only Banking
Singapore is one of the most advanced and digital-savvy countries in the world, with a high penetration of smartphones, internet, and mobile banking. However, a recent report by EPAM, a...