Western banks are accustomed to political turbulence in Russia. Société Générale, which first set up in the country 150 years ago, was forced to take a 56-year hiatus after the…
Tag: Banks
Open Finance and analytics drive tech budget uplift in Brazilian banks
Technology budgets in Brazilian banks are set to increase this year as digital transformation accelerates in the sector, according to a yearly report by the National Banking Federation (FEBRABAN), carried…
What does it mean for banks?
The European Commission’s (EC) Action Plan on sustainable finance is a major policy objective by the European Union (EU) to promote sustainable investment. As per the plan, banks are expected to finance…
Equitas Small Finance Bank’S Shares Tank Over 10% As Street Reacts To Md, Ceo Pn Vasudevan’S Resignation
Buy / Sell Equitas Bank share Shares of Equitas Small Finance Bank fell as much as 10.62 percent to Rs 53 apiece on the BSE as the Street reacted to…
Direct or digital banks lead the way with customer satisfaction: J.D. Power study
Source: J.D. Power In its recent 2022 U.S. Direct Banking Satisfaction Study, J.D. Power found that established brands diving into the digital banking space are doing better than traditional banks…
6 Small Finance Banks Giving Inflation Beating Returns Over 7% On FD To Regular Customers
Utkarsh Small Finance Bank The bank’s interest rates were last changed on May 9, 2022, and as a result, the bank now offers a maximum return of 7.25 percent to…
Small finance banks: Banking on digital tech to stay ahead of curve
One of the biggest challenges for small finance banks (SFBs) from a tech point of view is the lack of an automation process and the corresponding need for manual intervention.…
Welcome the era of integrated finance, led by banks and fintechs partnerships
Thursday 12 May 2022 6:30 am By: Claire Calmejane Claire Calmejane is Group Chief Innovation Officer at Societe Generale Cooperation between banks and fintechs will be fundamental to fast track…
Explainer: Disconnecting Russia’s banks: Sberbank faces SWIFT removal
LONDON, May 5 (Reuters) – The European Union aims to cut off Sberbank (SBER.MM), Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate…
Despite the Fed’s big rate hike, most banks won’t pay much in interest
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than…
Japan banks target growth in cooling U.S. high-yield debt market
A pedestrian walks past signboards of Bank of Tokyo-Mitsubishi UFJ (L), Mizuho Bank (C), and Sumitomo Mitsui Banking Corporation in Tokyo, Japan, November 12, 2015. REUTERS/Yuya Shino Register now for…