Banking

The Small Business Administration's flagship loan programme is receiving strong opposition from bank trade groups in the US, which claim that allowing fintech’s to join would compromise the program's credibility and hurt borrowers. The new SBA proposal would permit fintech’s...

An official tweeted on January 7 that the Indian government has received several offers for a majority stake in IDBI Bank after the window for expressions of interest had passed earlier in the day. Along with the state-owned Life...

The fact that a 166-year-old Western financial institution turns to Saudi Arabia for bailout money is both a sign of the times and a window into the future. It wasn't a typical financial rescue when the Saudi National Bank...

Next BankTemenos announced that Next Commercial Bank (Next Bank), a new digital bank backed by Chunghwa Telecom, Taiwan’s largest telecom operator, has gone live on Temenos core banking platform, opening to customers in 2022. Eric Lee, Chief Information Officer, Next...

Saudi Arabia's central bank recently announced the opening of a new lab where businesses may test their products against a pre-established framework, which is expected to strengthen the country's open financial services. The service is a brand-new idea that allows...

Paysharp, an India-based B2B payments company, recently announced that it has received the Reserve Bank of India’s (RBI) nod for Payment Aggregator In-Principle License. Krishna Kumar Mani, cofounder and CEO of Paysharp shared in media statement, “It was great news...

Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs, the MENA region’s seed-stage program and early-stage venture capital firm, and Wio Bank, the region’s first platform bank, have signed a Memorandum of Understanding (MoU). Under the agreement, start-ups from Flat6Labs Ignite, a specialised seed...