Know What's Happening in Banking
Know What's Happening in Banking
IndusInd Bank sees deposits dip 2.6% YoY while advances fall 8.7% in Q4FY26
IndusInd Bank reported total deposits of ₹4,00,178 crore, down 2.6% year‑on‑year, and net advances of ₹3,15,154 crore, down 8.7% YoY. Deposits rose 1.6% sequentially, indicating a modest recovery amid a cautious lending environment.
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By the numbers: Huntington Bancshares completes Cadence Bank acquisition
The European Banking Authority (EBA) has opened consultations on draft guidelines and regulatory technical standards (RTS) for authorising internal initial‑margin models under EMIR 3. The proposals target counterparties whose monthly average non‑centrally cleared OTC derivatives exceed €750 billion (about $818 billion USD), requiring a formal approval process and, for pro‑forma models, prior EBA validation. The guidelines will replace the 2024 No Action Letter and will be phased in over 18 months. Comments close on 17 June, with a public hearing scheduled for 4 May.
What Revolut Needs To Do To Succeed In The US Digital bank Revolut reported record annual profits and growth in 2025, and recently filed for a US national bank charter. What does it need to do to succeed here? New Fintech Snark...
The U.S. Supreme Court declined to hear Nationwide Biweekly Administration’s appeal, leaving a $7.93 million civil penalty and permanent injunction imposed by the Ninth Circuit. The CFPB had accused the former biweekly mortgage‑payment firm of deceptive marketing, claiming it collected about...
Ally Financial will pay a $500,000 civil penalty after the SEC found its robo‑advisor cash‑enhanced accounts concealed a conflict of interest. The accounts allocated 30% of client assets to cash, generating interest rebates that offset the loss of advisory fees,...
Canada’s top banking regulator warned that escalating economic and geopolitical turmoil is adding systemic risk, but affirmed the country’s banks remain resilient compared with global peers. He highlighted that roughly 2.1 million mortgages will need renewal over the next two years,...
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A reperforming loan (RPL) is a mortgage that fell 90+ days behind but has since resumed payments, often after bankruptcy or loan‑modification agreements. These loans are bundled by entities like Fannie Mae into mortgage‑backed securities and sold to investors through...
![[YMMV] Chase Business Checking: Pay 5 Bills Online & Earn $250](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2025/08/chase123.webp)
Chase is offering existing business checking customers a $250 cash bonus for completing five online bill‑pay transactions within 90 days of enrollment. Participants must enter a 16‑character coupon code in the online banking portal to verify redemption. The promotion is...
The Philippine Securities and Exchange Commission, together with the Department of Information and Communications Technology and the National Privacy Commission, issued a joint advisory tightening compliance for online lending platforms. The directive reinforces the Data Privacy Act and consumer‑protection rules,...
Philippines’ central bank reported a 43% year‑on‑year jump in digital payments through InstaPay and PESONet, reaching a combined value of roughly $47 billion in January 2026. Transaction volume surged to 688 million, more than triple the previous year’s level. InstaPay alone grew...
Senator Josh Hawley has asked the FTC to open an investigation into Fair Isaac Corp.'s (FICO) mortgage‑score pricing after documenting a 16‑fold jump from $0.60 to $10 per pull over five years. He argues the surge adds roughly $500 million in...
Japan’s Sumitomo Mitsui Financial Group (SMFG) is reportedly assessing a bid for U.S. investment bank Jefferies, prompting a modest rally in the lender’s stock. Jefferies shares have slumped 34% this year after exposure to bankrupt auto‑parts maker First Brands, though...
“They’re all our clients, but I’m shocked that people are shocked,” JPMorgan’s commercial and investment bank. Until 5 years ago, I legitimately thought that private credit was funded by investors not bank debt - all a big RWA/capital game by...
Capital One’s Venture and VentureOne cards target everyday spenders and travelers, differing mainly in annual fee and rewards structure. Venture offers a $95 fee, a 75,000‑mile sign‑up bonus, a $250 travel credit, and 2 Miles per dollar on general purchases, while...
Digital wallets have become mainstream in the United States, especially for cross‑border and consumer‑to‑consumer transfers, but fragmentation still hampers seamless use. Nearly 28% of consumers cite incompatibility between sender and recipient platforms as a barrier, while one‑third of SMBs point...
Core Scientific secured $500 million in financing from JPMorgan, bringing its total Wall Street commitments to $1 billion after a prior $500 million from Morgan Stanley. The funding will accelerate equipment purchases, property acquisitions, and energy contracts as the miner pivots its 11...
Relay Financial, a fintech platform backed by Thread Bank, is launching a $500 cash bonus for new business checking customers. To qualify, users must deposit $10,000 within the first 30 days and maintain that balance for 90 days. The reward...
The federal Covid‑relief program offered 30‑year, low‑interest loans that many small businesses, like Georgia blueberry farmer Chris Towns, accepted to stay afloat. Towns borrowed $125,000 initially and later $495,000, but soaring labor, fertilizer costs and severe weather have left him...
Customers compare your experience to the best they’ve ever had, not just other banks. If your personalization falls short, someone else is ready to step in. https://t.co/7raP3Qh4eK
🇨🇭#Switzerland – global leader in banking adoption of #crypto assets and services: The 2021 DLT Act, in force since August 1, 2021, created legal certainty leading to quick adoption of #cryptoassets by banks. @TheBigWhale_ & @TheCryptoValley Zug: https://t.co/53BVfxYRKt #DigitalAssets #Blockchain
European B2B buyers are increasingly adopting AI, with nearly 80% using it regularly in procurement and payments, according to TreviPay’s survey of 550 buyers across the UK and key European markets. The technology is most prized for enhancing decision‑making, fraud...
A coalition of European retailers and wholesalers, led by EuroCommerce, is opposing an EU proposal that would obligate all businesses to accept cash. The group is urging policymakers to embed broad exemptions for unmanned sites, safety‑critical environments, and high‑cost scenarios,...
Morgan Stanley’s head of digital asset strategy, Amy Oldenburg, emphasized that Wall Street’s move into crypto is the result of years of infrastructure development, not a sudden hype‑driven rush. The bank has expanded beyond indirect exposure, adding spot Bitcoin ETFs...
The guide outlines each major U.S. issuer’s credit‑card application limits, timing rules, and welcome‑offer eligibility. American Express caps five cards with a two‑approval‑per‑90‑days rule, while Chase enforces the notorious 5/24 rule that excludes business cards. Bank of America, Capital One, Barclays, and others impose...
Lucy Rigby, the UK economic secretary, announced at the ALFI conference that Britain will deepen regulatory cooperation with the EU while tailoring rules to support private‑market growth and digital innovation. The agenda includes modest tweaks to the UK’s AIFMD‑style regime,...
Goeasy Ltd. secured debt‑relief concessions after a Q4 charge‑off surge of C$331 million ($241 million) forced its auto‑lending unit LendCare out of compliance, sending shares down over 60 % and its 6.875 % note to 79.25 cents. Lenders waived covenants, raised spreads by 100 basis...
Mark Bish’s blog highlights Pay.UK’s Direct Debit rule 5.8, which now lets businesses challenge indemnity claims under reason code 4, curbing fraudulent disputes. The update tightens onboarding standards, demanding stronger validation and verification to avoid sanctions. He also stresses that automation,...
Bank of America launched real‑time payment sending in March 2024, following its receipt‑only capability introduced in November 2018. The bank’s smart, future‑proof design allowed it to add the send function without cannibalizing its $1.9 trillion‑daily wire transfer volume. Industry forecasts suggest...
Z1 is a Brazilian fintech neobank built for teenagers and young adults across Latin America. It delivers a digital banking platform that includes prepaid debit cards, peer‑to‑peer transfers, and integrated financial‑education tools. By focusing on early financial habits, Z1 aims...
American Banker’s 2026 Value of On‑Chain survey of 199 banking professionals shows large banks are furthest along in adopting on‑chain technology. About 30% have implemented or piloted on‑chain solutions, with cross‑border payments emerging as the leading use case for both...
Feedzai has launched RiskFM, a fraud‑prevention platform that moves beyond sole reliance on card‑network data by incorporating customer onboarding, payments and broader digital activity. The solution processes roughly $9 trillion in global payments across 120 billion events each year. Early testing is...
Starling Bank announced the appointment of Keith Algie as its new group chief risk officer, pending regulatory sign‑off. Algie succeeds Cyrille Salle De Chou, who is leaving after a two‑year tenure focused on scaling the bank’s risk framework. Algie joins from ANZ,...
Banks urged to 'shift left' to fight elder fraud https://t.co/TtUy0i7zWZ "a couple lost $2.5 million over the course of a year by purchasing gold bars and leaving them in their mailbox for a fake undercover government courier" https://t.co/hTHQ67yB5E
The Financial Conduct Authority announced it will unveil its approach to motor finance redress on Monday, 30 March 2026, shortly after markets close. The decision follows the FCA’s October 2025 consultation on establishing a compensation scheme for consumers affected by mis‑selling in auto‑loan...
On March 24, 2026, a new podcast episode launched as part of the Global Regulation Tomorrow Plus Future of Payments series, focusing on the EU’s upcoming Payment Services Directive 3 (PSD3) and the Payment Services Regulation (PSR). The hosts, joined by...
ServiceNow and Visa Bind Agentic AI to Payments: A Live Test of Enterprise AI in Regulated, Revenue-Critical Workflow AI-powered payment dispute platform automating end-to-end workflows. ServiceNow's agentic AI + AI Control Tower applied to regulated payments operations. https://t.co/q1KioQdJwE
The United States has long been the cornerstone of global finance, thanks to the perceived independence of the Federal Reserve, the Securities and Exchange Commission, and the Federal Trade Commission. Recent trends suggest that this institutional independence is eroding, with...
JPMorgan Chase announced a €2.8 million (~$3.1 million) programme to fund French small‑business entrepreneurs, emphasizing inclusive growth. Toyota Industries agreed to a $30 billion buyout, the largest Japanese M&A deal since 1985, after shareholders tendered 63.6% of shares. Heineken will shift Singapore’s Tiger‑beer...
Spade announced a $40 million Series B round led by Oak HC/FT, backed by Andreessen Horowitz and other fintech investors. The New York‑based fintech reported 470% year‑over‑year growth and a peak daily transaction volume of 1.9 billion, underscoring rapid adoption. The capital will...
The Electronic Transactions Association announced it is acquiring the American Transaction Processors Coalition to bolster its advocacy, education, and member‑engagement capabilities. ATPC’s executive director, Jay Morgan, will join ETA as an advisor, reinforcing the trade group’s policy work. The combined...
Experian’s latest research reveals that British households stand to save an average of £2,881 ($3,660) per year by reviewing and switching existing credit cards, car loans and debt‑consolidation products. The findings highlight a sizable, actionable opportunity for consumers to reduce...
Bank of Montreal (BMO) announced a tokenized cash platform built with CME Group and Google Cloud, aiming to deliver near‑instant settlement for capital‑market participants. The service will allow continuous fund movement, eliminating traditional banking‑hour constraints and reducing capital tied up...
The European Banking Authority released its second impact assessment of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The report finds that by the end of 2024 EU resolution entities hold MREL‑eligible instruments equal to 34.7% of total...
AI agents are transforming AML operations by automating the labor‑intensive alert review and decisioning stages, where most costs reside. WorkFusion’s Evan can analyze adverse media results in two to three minutes, cutting review time by 80‑90% compared with human analysts....
Banks are racing to modernize payments as real‑time transactions surge and AI reshapes the industry. A recent ACI survey of 200 banks placed payments modernization as their top priority, emphasizing faster product launches and innovative customer solutions. Executives highlighted the...
European banks have formed a consortium called Qivalis to issue a euro‑denominated stablecoin, marking the first large‑scale, bank‑led effort to internationalise the euro in digital form. The project receives backing from the European Central Bank’s regulatory sandbox, signaling official support...
The fastest growth in payments is no longer plastic. It is mobile, and with agentic AI entering the picture, that shift is only going to accelerate. https://t.co/bVJV0KZtAo
Paper checks remain a costly, fraud‑prone legacy in the United States. In 2024 the Federal Reserve processed $175 billion in checks, incurring nearly $700 million in support costs, while checks accounted for 65% of payment‑fraud losses. Check volume has dropped 83% over...
On March 20, 2026, Oakland homeowner Tiana Perez filed a federal lawsuit against United Wholesale Mortgage (UWM) alleging the lender performed an unauthorized hard credit inquiry. Text messages reveal loan officer Cyrus Mulitalo admitted the pull was accidental and based on no...
Optasia, the South African fintech that pioneered AI‑driven credit vetting via mobile wallets, is expanding into formal banking. The company’s micro‑financing line now generates 63% of revenue and posted a blended default rate of 1.2% for 2025. FirstRand Group invested...
Mortgage rates in the UK are climbing sharply, with two‑year fixed mortgages now averaging 5.51% and five‑year fixes 5.52%, the highest levels since early 2023. Low‑deposit products favored by first‑time buyers have been rapidly withdrawn – more than 200 deals...
