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.
Also developing:
By the numbers: Huntington Bancshares completes Cadence Bank acquisition
Brazil’s instant payment platform PIX, handling billions of transactions monthly, is being targeted by a new Android malware called PixRevolution. The threat uses an agent‑in‑the‑loop model, displaying a fake loading screen while a human or AI operator swaps the recipient’s details and confirms the transfer in real time. Distribution occurs through counterfeit app‑store pages that disguise dropper apps as popular services, then coax users into enabling Accessibility Services. Because the attack happens at the moment of payment, traditional security tools often miss it.
In this episode, Greg Myers talks with Jaris co‑founder Chris Aristides and VP Matt Thomas about how payment processors and ISOs can move from a fragmented vendor stack to a unified embedded‑finance ecosystem. They explain Jaris’s “foundation‑first” approach—building a bank‑backed,...
Mambu has partnered with Nyla, Africa’s first Islamic neobank, to supply an API‑first, AWS‑hosted core banking platform for its Ghana launch slated for June 2026. The collaboration enables Nyla to roll out digital wallets, peer‑to‑peer transfers and bill payments without...
European banks are increasingly putting regulatory compliance ahead of payment user experience, according to Aqua Global’s survey of 150 IT leaders. Seventy‑seven percent say compliance demands outweigh customer needs, and 67% devote more time to meeting new rules than enhancing...
TD Bank announced a new embedded banking solution that integrates directly with Workday’s cloud‑based ERP for U.S. business clients. The service lets companies access credit, payments and cash‑management tools within Workday’s workflow, reducing manual hand‑offs. Early adopters will receive a...
Fintech challengers are adding new banking and investment accounts faster than traditional banks, driven by streamlined digital onboarding and mobile‑first experiences. The J.D. Power report shows mass‑market customers gravitating toward neobanks, with Chime leading checking‑account acquisition and SoFi posting the...
Michelle Bowman opened a roundtable on the U.S. bank liquidity framework, reviewing the Liquidity Coverage Ratio, Net Stable Funding Ratio, internal stress testing and resolution planning. She argued that fifteen years after the financial crisis, these tools often create excess...
Standard Bank Group reported a R14.1 billion spend on cloud, software and technology in 2025, an 8.7% year‑on‑year rise that lifted tech costs to roughly 14% of total operating expenses. At the same time, capitalised software outlays fell 28%, signalling a...
Finch Capital’s latest report reveals that Europe’s fintechs remain heavily dependent on US investors for later‑stage financing, with all rounds above €1 bn in the past five years led by US capital. Without that support, a €9 bn funding gap would emerge,...
The Consumer Financial Protection Bureau, under Acting Director Russell Vought, continues to issue regulatory guidance and defend select legacy rules despite a near‑absence of formal examinations or investigations. Former CFPB senior counsel Richard Horn notes that the agency’s Regulation Office...
Professor Partha Ray closed the International Conference on Digitalisation for Inclusive Finance and Sustainability by emphasizing that digital tools are means, not ends. He identified three strategic shifts: moving from mere access to capability and confidence, from fast to fair...
Singapore's Monetary Authority (MAS) has issued new Environmental Risk Management guidelines that focus on climate transition planning for banks, insurers and asset managers. The rules require firms to embed forward‑looking climate risk assessments, governance structures and client engagement into their...
Tiff Macklem warned that the financial system’s growing reliance on non‑bank players is creating new systemic vulnerabilities, especially through hedge‑fund leveraged trading in sovereign bonds and the rapid expansion of private credit. He highlighted that hedge funds now purchase up...
Lloyds Banking Group’s mobile apps briefly displayed other customers’ transaction histories on the morning of 12 March 2026. The glitch affected users of Lloyds, Halifax and Bank of Scotland apps before being resolved within minutes. The incident has reignited parliamentary...
Slice, the Indian fintech‑to‑bank, has appointed former State Bank of India risk chief Sreedevi Pillai as an Independent Director on its bank board. Pillai brings 36 years of banking leadership, notably in operational risk and fraud‑detection frameworks. The move follows the...
Revolut at last launches as an authorised UK bank - UKTN After five years of intense scrutiny, Revolut has officially exited the mobilisation phase and received its full UK banking license today. This allows Revolut to offer FSCS-protected deposits (up...
Banks and payment networks are deploying artificial intelligence to reshape credit‑card rewards, moving the battle from the checkout to an AI‑driven offers feed. By mining transaction histories and behavioral signals, issuers can generate merchant discounts and category bonuses that match...
AI could become one of the most powerful tools in the fight against financial crime, not by expanding surveillance, but by rebuilding integrity into digital systems. If AI can create stronger evidence chains that connect documents, actions and transactions, it can...
There are pros and cons to credit card interest rate caps, but either way it is important to understand the history of the industry. https://t.co/GGEbpz5jBU
The Indonesian House of Representatives appointed Friderica Widyasari Dewi as chair of the Financial Services Authority (OJK) following the January market crash triggered by an MSCI warning. The decision, made after a fit‑and‑proper test by Commission XI, also confirmed deputy...
Shawbrook Bank posted a pre‑tax profit of £340.5 million, up from £293.8 million, as its loan book expanded 20% to just under £20 billion and deposits rose 16% to £18.4 billion. The bank’s AI‑driven cost‑cutting pushed its cost‑to‑income ratio to 39%, down from 40.8%,...
The article highlights that Africa’s intra‑regional trade finance market exceeds $60 bn but remains vastly under‑served, with only 7‑25% of demand met. Post‑2008 regulatory changes pushed global banks to partner with local institutions, making regional banks the primary conduit for cross‑border...
Standard Bank Group posted record headline earnings of R49.2 billion for 2025, delivering a 19.3% return on equity at the top of its target range. Earnings were driven by strong performance across Africa Regions, which supplied 40% of profit, and robust...
Top Swiss bankers risk bonus ban as lawmakers weigh a crackdown https://t.co/JUIvESnfxa via @bbenrath https://t.co/5Whimos3nX
NatWest Group announced a nationwide rollout of Mid‑Market Champions, assigning a dedicated advocate to each of the UK’s 12 nations and regions. The move follows research showing 90% of midsized firms desire regional leadership to accelerate growth and influence policy....
Amazon Web Services’ 2026 "Banking on the Cloud" report declares cloud computing a strategic foundation for modern banks. It outlines six trends—agentic AI, hyper‑personalised experiences, unified data platforms, ecosystem banking, resilient infrastructure, and modular architectures—that together reshape operations and product...
JP Morgan said it will likely (my interpretation) be demanding more collateral for their loans to Private Credit. That means JP Morgan believes the collateral values are down from the loan origination date.
Great piece by @davideoks about the real story around ATMs & bank tellers (TLDR mobile banking is what actually hurt the profession) Analogy is the impact of AI may not be from incumbent AI adoption but simply from AI native cos...
IDB Invest’s Impact Management Framework tracks outcomes of its operations, and its latest Client Impact DEBrief details a partnership with Chilean bank Caja La Araucana. The initiative targets underserved segments, notably pensioners and women, by expanding credit access and streamlining...
Wells Fargo just filed for the “WFUSD” trademark, which is basically their own dollar-backed stablecoins The Banks and financial institutions hate you, but love your deposits, they can gamble with and your tax dollars that bail them out when they lose...
Rocket Pro’s chief revenue officer Austin Niemiec announced a partnership‑first strategy aimed at easing long‑standing tension between the two wholesale mortgage giants, United Wholesale Mortgage and Rocket. He highlighted the company’s new technology platform, which lets brokers retain full data ownership...
India’s neobank Fi is winding down the banking layer of its platform after four years of partnership with Federal Bank. The move forces its 3.5 million customers to access their savings accounts via Federal Bank’s FedMobile app instead of Fi’s interface....
"We want to build financing infrastructure ... that allows anyone to underwrite anyone" @PaulFram https://t.co/Cc4ufu0Lcr
"[Institutions] think of DeFi as the opportunity for them to extend and own end-to-end the product they offer from distribution to infrastructure" @PaulFrambot https://t.co/iSjFuEDUZe
Bilt’s newly launched 2.0 credit cards are marketed as having no foreign transaction fees, yet users have identified a 0.2% charge on overseas purchases. The fee originates from Mastercard’s mandatory currency‑conversion surcharge, which most issuers absorb but Bilt appears to...
Have any of the people who oppose investors owning “build to rent” housing called on Fannie/Freddie to liberalize their lending standards to lower FICO buyers?
Approximately 16% of active first‑lien mortgages in the United States also carry second liens, representing $522 billion in outstanding balances, according to Experian’s Mortgage Loan Performance data. The new loan‑level visibility into these secondary claims gives agency MBS investors clearer insight...
PayPal Holdings announced a strategic pivot for 2026, concentrating on strengthening its branded checkout services. Chief financial and operating officer Jamie Miller said the company will shift from broad portfolio scaling to a targeted approach that supports its largest merchants....
Lower Mortgage, formerly AmeriHome, offers a wide array of loan products across 100 locations in 47 states, but many options are not listed online. In 2024 the lender posted a higher‑than‑median mortgage rate of 6.625 % and a total loan‑cost of...
Mastercard announced two strategic moves to broaden its revenue beyond card fees: a live agentic commerce test in Malaysia using its Agent Pay platform, and the launch of a global Crypto Partner Program that enlists over 85 cryptocurrency firms. The AI‑driven...
Radian Group announced it will wind down its mortgage conduit business rather than pursue a sale, halting new originations in early April. The non‑agency conduit, launched in July 2022, generated $2.2 billion in securitizations but posted a $16.4 million adjusted pre‑tax loss...
Global Citizen Solutions released a briefing titled "Crypto Secure Jurisdictions: Where Crypto Actually Works" that evaluates how 22 countries are embedding digital assets into tax, licensing and banking systems. The report shifts investor focus from asset selection to the legal...
The Office of the Comptroller of the Currency (OCC) is deepening its fact‑finding on the highly concentrated core banking‑software market, where three vendors serve more than 70% of banks. Comptroller Jonathan Gould said the agency is engaging both banks and...
Glia’s 2026 Banking AI Benchmarks Report finds that 95% of generic generative‑AI pilots never reach production, urging banks to switch to industry‑specific tools. The study of 400 financial institutions shows purpose‑built AI delivers a 92%+ understanding rate, up to 94.8%...
Citigroup evacuated three office buildings in the United Arab Emirates after Iranian military leaders warned of attacks on regional banks. The bank moved all UAE staff to a fully remote work model, ensuring employee safety while maintaining client services. The...
any idea why Stripe would try to convince devs to shoot themselves in the foot with app and move to in app billing? this only works for Epic, not everyone. fishy
People are asking: Is the BILT credit card rollout the worst credit card rollout we've ever seen?
At the Inclusive Finance Forum in Kigali, leaders argued that Africa’s financial future hinges on digital public infrastructure rather than traditional banking apps. They emphasized a shift from mere inclusion toward wealth creation, calling for citizen‑owned digital wallets and interoperable...
When zero human companies already use crypto But your fintech still requires 3 business days to settle You're not competing with other fintechs anymore You're competing with code that never sleeps
Mortgage broker Andrew Russell emphasizes that strong lender partnerships hinge on three pillars: product quality, speed, and service. He highlights that while rates matter, rapid turnaround and accessible, knowledgeable account executives are equally critical for client satisfaction. Russell points to...
