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
The Financial Conduct Authority (FCA) has signed an Exchange of Letters with India’s International Financial Services Centres Authority (IFSCA), the regulator for GIFT City. The pact commits both bodies to share regulatory knowledge and best‑practice insights, aiming to strengthen links between GIFT City and UK financial markets. It also signals a broader intent to deepen cooperation across the two jurisdictions. Additionally, the FCA will station a Financial Services Attaché at the British Deputy High Commission in Mumbai later in 2026.
ACH network volume surged in 2025, reaching 35.2 billion payments worth $93 trillion, a 5 percent rise year‑over‑year. Person‑to‑person transfers grew 19.8 percent and business‑to‑business payments rose 9.9 percent, while check usage in B2B fell to 26 percent. Nacha has proposed lifting the same‑day ACH transaction...
Allica Bank’s survey of more than 570 asset‑finance brokers shows demand holding steady, with 29% reporting higher application volumes in the second half of the year and 26% seeing no change. Renewables have broken into the top three sectors for...
NatWest Group CEO Paul Thwaite announced that the bank is shifting from basic chatbots to autonomous AI systems capable of executing complex banking workflows for customers. He expects many of the underlying components to be operational within the year. However,...
The episode dissects the widening execution gap in banking, highlighting how many institutions recognize digital and AI trends but struggle to implement them effectively. Experts discuss generative AI’s role in marketing, lending, and operational efficiency, while leaders from credit unions,...
The Financial Conduct Authority (FCA) released its Q4 2025 whistleblowing report, revealing a 12% rise in total disclosures compared with the previous quarter. The data shows 1,842 new reports, with fraud and market abuse accounting for 58% of cases. Of...
Binance has launched a Mastercard‑branded crypto debit card in the CIS region, allowing users to spend digital assets at any merchant that accepts Mastercard. The card supports instant conversion of major cryptocurrencies into fiat, with zero‑fee withdrawals and a 5%...
In a recent interview, MUFG Managing Director Manoj S. Bhatia highlighted the bank’s focus on bespoke, empathetic relationships with corporate clients, driven by a decentralized, sector‑specialist approach. This model enables MUFG to stay nimble amid volatile market conditions and deliver...
A new PYMNTS Intelligence study of 515 senior leaders shows embedded finance is now a strategic imperative for mid‑size and large firms. Nearly 90% of respondents prioritize strengthening customer and employee relationships, while 75% plan technology upgrades within the next...
Despite a broad crypto market downturn, stablecoin‑linked cards are gaining traction at U.S. checkout counters. Monthly payment flows through these cards have surpassed $1.5 billion, and annualized spend now tops $18 billion. The growth is driven by card networks embedding stablecoins as...
Suspicious Activity Reports (SARs) remain the cornerstone of global AML frameworks, yet many institutions misunderstand their purpose, treating them as accusations rather than suspicion flags. Regulatory pressure and soaring transaction volumes have driven firms to prioritize filing speed over narrative...
Afreximbank terminated its credit rating relationship with Fitch after the agency reclassified the bank as high‑risk for providing debt relief to Ghana. Fitch argued the support indicated a lack of preferred‑creditor status, a claim the bank disputes, citing treaty‑based protections...
AI in Banking Special: From Pilots to Profits – 96% Adoption, 89% See Revenue/Cost Wins Topics: ↳ AI in FinServ Transitions from Pilots to Proven ROI as 89% See Higher Revenue and Lower Costs ↳ GenAI in APAC Banks: 70% of Value...
A decade after the Bangladesh Bank heist, the 2016 cyberattack that attempted to steal $951 million via the SWIFT network remains a benchmark for nation‑state hacking. Attackers used spear‑phishing malware to obtain valid SWIFT credentials, executing 35 fraudulent payment orders, of...
Bitpanda has partnered with LuLu Financial Holdings to embed regulated crypto trading into LuLuFin's existing digital and physical channels across the MENA, APAC and Indian subcontinent regions. Leveraging Bitpanda’s VARA‑compliant brokerage infrastructure, LuLuFin users will be able to buy, sell...
Strategic Transformation in Southeast Asian #WealthManagement: The Case for Open Architecture – The most successful transformations share common elements: clear strategic positioning, authentic partnerships with #FinTech and #WealthTech platforms, and the courage to fundamentally rethink operating models. Read my latest article on...
🚨 INSIGHT White House crypto advisor Patrick Witt told Yahoo Finance that banks are fully allowed to offer yield-bearing stablecoin products just like crypto platforms, and that they shouldn’t treat them as a competitive threat. https://t.co/PWY4gUKlv0
AlloyX, a digital‑asset infrastructure firm owned by Solowin Holdings, has partnered with Bahrain FinTech Bay to develop a regulated stablecoin in the Gulf. The collaboration gives AlloyX access to Bahrain's fintech ecosystem while it seeks regulatory approval under the Central...
A new comparative study finds crypto‑derivatives regulation is highly fragmented across major financial hubs, despite the products mirroring traditional derivatives in structure and risk. Regulators have forced crypto‑derivatives into existing regimes, leading to divergent rules based on settlement method, underlying...
Koxa and Bottomline have formed a partnership to embed banking services directly within ERP systems, leveraging Koxa’s platform and Bottomline’s Commercial Digital Banking API framework. The joint solution lets banks offer integrated payments, approvals, reconciliation and statement access without building...
Global fintech investment rebounded in 2025, reaching $116 billion despite a record‑low 4,719 deals, indicating larger, more selective transactions. Venture capital contributed $56.7 billion while M&A added $55.4 billion, with the United States leading deal value. Digital‑assets funding nearly doubled to $19.1 billion, buoyed...
Citi warns that quantum computers could break public‑key encryption within the next decade, estimating a 19‑34% probability of a widespread breach by 2034 and 60‑82% by 2044. A successful quantum attack on a major U.S. bank could generate $2‑3.3 trillion in...
The episode explores how Non‑Human Identities (NHIs), or machine identities, are essential for securing protected data exchanges in financial services. It explains the lifecycle of NHIs—from discovery and classification to secret rotation and decommissioning—and why holistic management platforms outperform point...
The article reviews the Citi Strata Elite credit card, highlighting the benefits the author actually uses—6x weekend dining points, a $200 annual splurge credit, a $300 hotel credit, Admirals Club passes, and a partial Blacklane credit. It also lists perks...
Singapore will establish a National AI Council chaired by Prime Minister Lawrence Wong to coordinate AI policy and accelerate adoption across the economy. The council will review regulations, create sandboxes, and launch four national AI Missions targeting advanced manufacturing, connectivity,...
Chase Ultimate Rewards points do not expire as long as the credit‑card account stays open. If you close the account, you have a 30‑day window to redeem or transfer the points before they’re forfeited. Points can also be lost for...
AI chatbots are becoming the next digital real estate, and ads are moving in. As usage scales and infrastructure costs rise, monetisation models are shifting from subscriptions alone to advertising layers embedded in conversation. The real question is not whether ads will...
ZeroDrift emerged from stealth with a $2 million pre‑seed round led by a16z speedrun, aiming to automate compliance for financial‑services communications. The AI‑native platform acts as a real‑time firewall that encodes SEC, FINRA and firm‑specific policies into machine‑readable rulepacks. By integrating...
India's foreign exchange reserves slipped by $6.7 billion to $717.064 billion in the week ending 6 February, after a record high of $723.774 billion the week before. The decline was driven mainly by a $14.208 billion drop in gold reserves, which fell to $123.476 billion, while...
Goldman Sachs is embedding Anthropic’s Claude into accounting and compliance to automate high volume, rules based back office work. After six months of co building, executives were surprised that AI handled complex financial processes, not just coding tasks. The ambition is clear,...
Automation alone is not the answer. Institutions that replace people instead of empowering them will struggle to meet rising customer expectations. https://t.co/3KhyMMpnPe
On 14 February 2026, the ECB’s Governing Council approved an overhaul of the Eurosystem repo facility for central banks (EUREP). The revised framework introduces standing access for a broad set of non‑euro‑area central banks, provided they meet anti‑money‑laundering and sanctions...
Macro: PE flows target Indian NBFCs. RBI cleared Bain's up to 41.7% in Manappuram; ₹43.85bn injected. Risk: regulatory scrutiny. Trading insight: buy Manappuram on pullbacks. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Credit markets could be the next AI casualty. A UBS analyst flags the $3.5T leveraged loan and private credit space as vulnerable, with AI disruption moving faster than expected. Up to $120B in fresh defaults this year would turn the AI boom...
The episode commemorates the 20‑year anniversary of mandatory CHIP and PIN in the UK, explaining how the shift from signature to chip‑and‑PIN cards dramatically cut fraud and set a global benchmark for secure payments. It highlights the liability shift that...
Banks are quietly moving AI beyond chatbots and into the plumbing of money itself. Inside compliance queues and cash dashboards, AI agents are starting to initiate tasks and move funds based on live signals. This is the real inflection point: not smarter...
Marriott Bonvoy and Bank Mandiri have launched Indonesia’s first Marriott co‑branded credit card. The Marriott Bonvoy Mandiri Credit Card provides Indonesian members with welcome bonus points, elite status, and up to 5× points on eligible spend. The card is linked to...
South African rates are restrictive. The real policy rate is the highest it’s been in 20 years, and they expect growth. They are suffocating the economy with high real rates. However, we can expect more rate cuts throughout the year,...
Local deposits => local loans => local growth. For our 125 years, that formula has built a thriving community. Stablecoin outside of banking destroys local economic growth. The below post makes that clear. Banks aren’t threatened by stablecoin, our local...
President Trump’s Treasury Department has launched an aggressive AML campaign targeting Minnesota and U.S.–Mexico border regions, using new Geographic Targeting Orders and high‑performance data analytics to flag cartel, fraud and immigration‑related transactions. FinCEN now requires banks and money‑service businesses to...
BTG Pactual announced the acquisition of up to a 48% stake in Brazilian digital‑credit platform meutudo, valuing the fintech at roughly $200 million. meutudo specializes in FGTS‑backed and payroll‑deducted loans, leveraging workers' severance funds to lower interest rates. The app also...
American Express’ Hilton Honors Business Credit Card is currently crediting only 140,000 points instead of the advertised 175,000 when the spend threshold is met through a referral link. The discrepancy appears on Hilton’s portal, even though Amex records the full...
First National Corp., a $2 billion Virginia community bank, announced it will exit North Carolina by selling its two branches and has already closed two loan production offices. The exits are slated for the second half of 2026 and are part...
The Reserve Bank of India issued final guidelines allowing banks to fund acquisitions only when the acquirer already controls the target and seeks to increase its stake from 26% to 90%. Borrowers must have at least ₹500 crore net worth, three...
Fannie Mae and Freddie Mac will begin reporting loan‑level interest‑rate buydown information as a new attribute, L‑117, starting April 20 for MBS issued on or after May 1. The disclosures classify loans into five categories—moderate, significant, other, not applicable, and not available—using...
The episode examines a bipartisan bill to raise the Durbin amendment’s $10 billion asset threshold for debit interchange fee caps, indexing it to inflation and potentially expanding the exemption to banks with assets over $15 billion. Senators Ted Cruz and Katie Britt...
While there is certainly some hype and exaggeration about what you can with OpenClaw as of today... It's been fun watching some creative use cases. @FelixCraftAI (owner @nateliason) for example, wrote a 21 page operational "how to hire an...
Branches can become profit engines, not cost centers, if supported by unified data and modern infrastructure. Execution is the difference. We discuss this with Benjamin Conant of @alkamitech and Co founder of @Mantl_tech. Watch the full video now: https://t.co/Jamreeb077 https://t.co/L1lau9ecEU
Nomura Securities and Daiwa Securities have launched a proof‑of‑concept to settle securities using stablecoins alongside Japan’s three megabanks—MUFG, SMBC and Mizuho. The trial, conducted in the Financial Services Agency’s Fintech PoC Hub, will employ a jointly issued token dubbed “3 Mega SC.”...
I genuinely don't think we understand the true implications of robot money at scale. Exciting. But also scary.
