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As Chinese Economy Slows, Bank Loans Drop Lowest Since 2017

Due to broader coronavirus limitations and a housing drop, China's credit growth in October was the weakest since 2019 and bank loans increased by the smallest amount in nearly five years, raising concerns about a potential further slowdown in...

Ceridian Launches Dayforce Wallet in the UK to Deliver a Modern Pay Experience

Ceridian, a global leader in human capital management (HCM) technology, announced the availability of Dayforce Wallet, a revolutionary on-demand pay solution, in the United Kingdom (UK). This modern solution disrupts the concept of traditionally rigid pay cycles as it gives employees...

Sacombank taps Temenos Infinity to build digital banking services

Vietnamese lending group Sacombank has selected Temenos Infinity to build digital banking capabilities and offer an omnichannel experience to retail and business customers. As part of the collaboration, Temenos will offer pre-composable banking services that are built on microservices and...

Mastercard and Arab African International Bank enter a strategic long-term partnership

Through this partnership, Mastercard and AAIB will focus on the planning and execution of AAIB digital transformation strategy as well as delivering cutting-edge payment solutions that cater to the increasing consumer demand for convenient and safe digital payment methods. The...

Banco Santander and Forgepoint Capital announce strategic alliance to advance cybersecurity investment and innovation globally

Banco Santander, one of the largest banks in the world with over 157 million customers, and Forgepoint Capital, one of the world’s leading venture capital firms focused on cybersecurity, announced a strategic alliance to drive cybersecurity investment and innovation...

Australian Banks Ease Mortgage Rules As Property Arena Cools

Despite regulators' advice to exercise caution in recent months due to a declining real estate market, two of Australia's largest banks reportedly secretly lowered some house loan rules. According to the sources, banks are currently less conservative when calculating predicted...

CFPB Hopes To Give Open Banking Rule Some Impetus In 2024

The Consumer Financial Protection Bureau (CFPB) intends to move through with a rule requiring financial institutions to offer clients their own data in order to promote open banking and open finance, which is anticipated to boost competition in the...

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