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
Lisbon‑based Bison Bank has partnered with blockchain analytics leader Elliptic to embed the firm’s AI‑powered “copilot” into its digital‑asset subsidiary, Bison Digital Assets. The integration enables real‑time monitoring of more than 1,000 crypto tokens and automates data collection, fund‑flow analysis, and participant identification. By delivering instant risk summaries, the tool is projected to improve compliance efficiency by roughly 50%, freeing analysts for higher‑value investigations. The move positions Bison Bank alongside major institutions such as J.P. Morgan and PayPal that already rely on Elliptic’s technology.
Mortgage applications rose 1.5% month‑over‑month as the 30‑year fixed rate slipped to a three‑year low of 6.14%, driven by a decline in the 10‑year Treasury yield. Refinancing activity surged 11.3%, while purchase applications fell 12.3% amid tight inventory and winter...
Coinbase CEO Brian Armstrong warned that proposed UK stablecoin caps could erode the country’s fintech edge, while the United States has moved ahead with the GENIUS Act, establishing the first federal framework for payment stablecoins. The legislation mandates 100% reserve...
In this episode, host Rima Katz talks with Eleanor Bontrager of Byserve and Don Apgar of Javelin Strategy about the fragmented fintech tools small businesses currently use for payments, receivables, and cash‑flow management. They explain how SMBs juggle multiple apps,...
Jack Henry & Associates’ anti‑fraud solution, Financial Crimes Defender, has been added to the Independent Community Bankers of America’s Preferred Service Provider program. Affiniti Finance secured a financing agreement with Column N.A. to accelerate its corporate‑card and banking services for...
EQB Inc. received Competition Bureau clearance to acquire President’s Choice Bank and related PC Financial assets from Loblaw, moving the deal closer to completion. The transaction still requires sign‑off from the Office of the Superintendent of Financial Institutions and the...
Pakistan's parliament approved the Virtual Assets Act 2026, creating the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and supervise cryptocurrency service providers. The authority, initially formed by a 2025 presidential ordinance, now has permanent legal standing. PVARA will enforce...
OneMain Financial now offers a suite of digital tools that let borrowers pay, track, and manage their personal loans entirely online. Customers can choose from several disbursement methods, including a SpeedFunds® debit card that delivers funds within an hour, ACH...
CRC Credit Bureau launched an upgraded mobile app that streamlines access to credit data, financial services, and digital transactions for Nigerians. The new version adds biometric authentication, a built‑in wallet, and direct enrollment in CRC’s financial education programmes. The bureau...
Filippo Chiricozzi, DLT & Digital Identity Lead at Banca Sella, is steering the bank’s push into Web3, cryptocurrencies, and the metaverse while focusing on digital identity solutions. The bank is aligning with European initiatives such as the Digital Identity Wallet...
Nigeria’s first Payment Service Bank, 9PSB, has unveiled a new cross‑border feature called Send to Ghana on its Bank9ja app. The service, built on Onafriq’s technology and the Pan‑African Payment and Settlement System (PAPSS), is regulated by the Central Bank...
Florida’s rapid population growth is straining highways, schools, and water systems while driving an acute affordable‑housing crisis. Out‑of‑state and branchless banks are harvesting more than $200 billion in deposits from Floridians but reinvest only a fraction locally, exacerbating the shortage of...
The Bank Policy Institute (BPI), representing major lenders such as JP Morgan, Goldman Sachs and Citigroup, is weighing a lawsuit against the Office of the Comptroller of the Currency (OCC) over its new national trust charter framework for crypto, payment and fintech...
Morgan Stanley launched coverage of Brazil’s digital lender Agibank, assigning an overweight rating and a $21 price target that suggests roughly 100% upside from its recent IPO price of $12. The analyst team highlighted the bank’s deep discount to peers...
Financial crime risk assessments are positioned as the cornerstone of a bank’s AML and CTF framework, providing both diagnostic insight and a roadmap for control enhancements. Regulators treat them as the structural foundation of compliance, while board members rely on...
The European Commission has reached a provisional agreement on the Payment Services Directive 3 (PSD3) and the accompanying Payment Services Regulation (PSR), setting a roadmap toward full implementation by 2026. The new rules broaden the definition of payment service providers, tighten...
Capitec has launched an in‑branch Smart ID service in partnership with South Africa’s Department of Home Affairs, deploying self‑service terminals that let clients apply for a Smart ID in under five minutes. The pilot has moved to a phased national rollout, targeting...
A new Federal Reserve study of U.S. bank failures from the Civil War through 1934 finds that bank runs are typically the final trigger for already insolvent institutions, while well‑capitalized banks can weather runs. Meanwhile, the latest macro data show...
Navi Technologies posted an Rs 126 crore loss for FY25, a marked improvement from the Rs 358.5 crore loss a year earlier, despite an 18% jump in revenue to Rs 2,565 crore. Interest income, which makes up 85% of total revenue, rose 21% while other income...
Home equity line of credit (HELOC) rates average 7.20% and fixed home‑equity loan rates 7.47% for borrowers with 780+ credit scores and CLTV under 70%. Rates vary widely, with some lenders offering introductory HELOC rates as low as 5.99% for...
Money‑market accounts are still delivering double‑digit yields, with TotalBank Online topping the list at 4.01% APY for balances of $2,500 or more. Several online banks and credit unions, including Quontic, Brilliant Bank and Northern Bank Direct, offer 4% APY, while...
High‑yield savings accounts are offering up to 4 % APY as of March 9, 2026, with SoFi and Valley Bank Direct leading the market. The Federal Reserve’s three rate cuts in 2025 have pushed overall deposit rates lower, making premium yields increasingly scarce....
Mortgage rates rose on March 9, with the average 30‑year fixed climbing to 5.98% and the 15‑year fixed to 5.50%, driven by bond market anxiety from Middle East tensions and a weak jobs report. Refinance rates are higher, with the 30‑year...
A new NBER study of over 4,000 bank runs from 1863‑1934 finds that insolvency, not liquidity, is the primary driver of bank failures. Solvent institutions rarely collapsed even when faced with massive withdrawals, while loss‑making banks turned runs into terminal...
Financial institutions are turning to AML and identity verification APIs to meet escalating regulatory demands and combat sophisticated fraud. In 2025, FBI reports over 5,100 account‑takeover complaints costing more than $262 million, underscoring the urgency. Providers such as AiPrise, ComplyAdvantage, Sumsub,...
PAY360 2026, the premier global payments conference, will be held on 24–25 March 2026 at ExCeL London. The event expects more than 6,000 innovators, thought leaders and industry stakeholders, with over 200 speakers covering topics such as crypto, open payments,...
The Land and Agricultural Development Bank of South Africa confirmed a ransomware attack on 12 January 2026 that encrypted parts of its server environment and several laptops. The breach entered through a vulnerable internet‑facing server, but the bank’s core banking, ERP and...
Novobanco has entered a multi‑year partnership with Feedzai to overhaul its anti‑money‑laundering (AML) and fraud defenses using Feedzai’s AI‑native platform. The initiative consolidates fragmented compliance tools into a single, intelligence‑driven system that merges KYC, AML and fraud functions. Advanced watchlist...
Ringkjøbing Landbobank reported its week‑10 share buyback results, repurchasing 127,500 shares at an average price of DKK 1,642, amounting to DKK 209.4 million. The cumulative buyback now totals 1,235,647 shares, representing 4.87% of the bank’s share capital. The programme, approved on 30 January 2026, allows...
Robinhood announced a new premium credit card priced at $695 annually, crafted from real platinum. The card is aimed at the platform's affluent clientele and bundles higher rewards, concierge assistance, and travel protections. By introducing a tangible luxury product, Robinhood...
Broadridge Financial Solutions reported that its Distributed Ledger Repo (DLR) platform processed an average of $362 billion in daily repo transactions in February 2026, amounting to $6.9 trillion for the month. This represents a 457% year‑over‑year increase, underscoring rapid institutional adoption of...
Swiggy and HDFC Bank introduced two co‑branded credit cards—the Swiggy BLCK and Swiggy Ornge—on March 7, expanding a partnership that began in 2023. The BLCK card targets premium spenders with 10% cashback on Swiggy orders and up to 5% on entertainment,...
Banc of California is accelerating its payments strategy by hiring industry veteran Chris Healy to lead its merchant acquiring platform, BancEdge. The bank aims to broaden the platform across existing and new commercial clients, emphasizing real‑time, AI‑driven payment capabilities. Healy’s...
Morningstar DBRS released episode 40 of its Securitisation Insights podcast, featuring Mudasar Chaudhry, Andre Soutinho and Nicola De Caro discussing synthetic Significant Risk Transfer (SRT) transactions in Europe. The hosts explained how synthetic SRTs let banks shift credit risk to...
Hong Kong’s financial regulators have broadened the GenA.I. Sandbox into a cross‑sector programme called GenA.I. Sandbox++, covering securities, asset management, insurance, pensions and stored‑value facilities. Launched on March 5 by the HKMA, SFC, Insurance Authority and MPFA in partnership with Cyberport,...
South Africa is an oil-importing economy. The South African Reserve Bank is indirectly telling you that interest rate cuts are now off the table, and that if the tension in the Middle East continues, then interest rate hikes can’t be...
Either rent/mortgage payments are via Bilt card (CARD Act, TILA apply) or they are not. I suspect some users' confusion is due to Bilt's communication of how housing payments work in "Bilt 2.0" https://t.co/vORPcpuwYe
The article warns that the rapid rise of banking‑as‑a‑service (BaaS) is reshaping the traditional bank‑IT outsourcing model by having fintech firms outsource core banking functions to partner banks. While BaaS promises faster, cheaper digital experiences, it operates in a regulatory...
Nasdaq: 52% of Institutions Expect Live Tokenized Collateral by Year-End Shift from "if" to "when": 78% of North American firms expect tokenized collateral to significantly impact their business. Catalyst = recent SEC + CFTC no-action positions allowing digital assets as margin...
To thrive in the digital age, banks must rethink branch strategy. It’s not about supporting the branch. It’s about aligning branches with digital-first planning. Learn how: https://t.co/7yibAIVrHK https://t.co/47DCJWpqnf
Independent mortgage brokers are a critical access point for American homebuyers, especially first‑time, self‑employed, and credit‑challenged borrowers. Unlike retail loan officers, brokers can shop dozens of lenders to secure the best rates and programs. The National Association of Mortgage Brokers...
Credit unions have digital ambition heading into 2026. But ambition alone won’t drive results. In this episode, Jesus Garcia of @OceanAir_CU explores the execution gap, branch expansion paradox, and where AI is real versus hype. Watch the full conversation sponsored by...
well that's just rude.. having to make multiple payments to pay the monthly card bill is all a bit much - thanks BPAY.. not.. https://t.co/6MGklFKw4O
Asia’s payment landscape is evolving toward AI‑driven agentic commerce, where conversational prompts replace traditional searches and agents act on behalf of shoppers. Embedded payment methods—QR codes, contactless taps, and account‑to‑account rails—now span digital, physical and hybrid environments, turning every interaction...
Chinese EV maker BYD saw its February 2026 domestic sales tumble to roughly 90,000 units, a 65% year‑over‑year decline. In the same period, Geely sold about 206,000 cars, extending its lead over BYD to more than 76,000 units for the...
Ireland’s three largest retail banks—AIB, Bank of Ireland and PTSB—are rolling out Zippay, a peer‑to‑peer mobile payment service developed by Nexi, starting 10 March. The app, embedded directly within each bank’s existing mobile platform, will initially reach a potential user base...
Heritage Commerce Corp reported a strong deposit surge of $160.7 million in Q4 2025, with 95% of the growth coming from non‑maturity accounts, while loan balances slipped $37 million due to higher payoffs. Net interest margin rose to 3.44% as funding costs...
American Airlines’ Citi AAdvantage Globe Mastercard offers a $350 annual fee paired with four annual Admirals Club Globe Passes. The passes load automatically into the airline’s mobile app, grant 24‑hour lounge access for the primary cardholder and a guest, and require a...
DBS is urging Singapore‑based SMEs to hedge at least half of their foreign‑exchange exposure amid heightened volatility from the Middle‑East conflict. The bank’s SecureFX facility, which lets companies lock in rates up to US$1 million without credit lines, is already used...
Citi's American business credit card has a unique perk, whereby authorized users earn Loyalty Points toward status, rather than just the primary cardmember. Here's how this policy works. https://t.co/jxeD3WsBMF
