Banking

The rapid unwinding of SVB Financial Group has blindsided the banking sector after years of stability. The collapse last week, which can be termed the largest bank failure ever since 2008, had a unique set of circumstances but also...

The Bank of England is going to decide by year's end whether tougher disclosure rules will be needed for banks after an almost complete meltdown in funds related to pensions in September 2022. The bank projected weaknesses when it...

There are some Chinese companies that are holding on to the dollars made out of export revenues, while there happen to be some that are turning towards foreign exchange hedging in anticipation of the yuan’s value falling, as per...

SBIThe Prime Minister of India, Narendra Modi, with the Prime Minister of Singapore, Lee Hsien Loong, launched the real-time payments system linkage between India and Singapore. The State Bank of India (SBI), the country’s largest lender, has partnered in...

AIZEN is proud to recently announce the banking service that uses “AI Core-Tech” in a dynamic environment with ChatGPT. Experts predict that the emergence of ChatGPT will bring many changes not only in chats, but also in the fields...

Red Hat, Inc., the world’s leading provider of open source solutions, today announced that novobanco, a leading Portuguese bank, has adopted Azure Red Hat OpenShift, a fully managed and supported application platform, as the cornerstone of a new digital business...

Sopra Banking Software, KCB Bank KCB Bank has contracted Sopra Banking Software to design, build, deliver, and support the savings and lending products portfolio through the KCB Vooma, the Bank’s lending, savings, and payments platform. With the rollout of payments,...