May 7, 2025

Banking

Banking

Trump administration toughens sanctions on Russian oil, gas and banking sectors

Putin on Ukraine ceasefire deal Putin says he agrees in principle to Ukraine ceasefire, points out issues pending 05:14 Washington — The Trump administration is placing more restrictions on Russia’s oil, gas and banking sectors by further restricting Russian access to U.S. payment systems, according to four people familiar with the plans.  The Treasury Department

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Banking

How fintech and bank partnerships can help SMEs grow globally

Alvin Huang, the founder of Singapore-based Truegenics, a company specialising in health and beauty products for the US market, first discovered WorldFirst in 2017. Although initially unsure about using fintech for cross-border money transfers, he was later convinced after his company saved six figures, thanks to the global payment platform’s competitive foreign exchange rates. “We

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Banking

Social Security beneficiaries to face new rules for updating banking information

The Social Security Administration (SSA) is implementing significant changes that will affect millions of people who rely on the agency’s telephone services. Effective March 29, Social Security beneficiaries will no longer be able to update their bank account information over the phone. Officials stated that this change is part of a broader initiative to reduce

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Banking

Infibeam partners with Sutex Cooperative Bank for enhancing net banking facility

Infibeam Avenues Ltd’s flagship payment gateway brand, CCAvenue, has partnered with The Sutex Co-operative Bank Ltd to help bolster the bank’s net banking facility. The new collaboration will enable Sutex Co-operative Bank Ltd to route secure direct debit digital payments to its merchants, including multi-currency payments, simplifying transactions for both businesses and customers, stated an

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Banking

How Gen-Z Leads The Revolution Of Banking Systems

Edin Deljkic is founder and CEO of Klika. getty 1997 birthed a new generation. Gen-Z, a.k.a. Zoomers, are burdened by the world they’re growing up in, but they’re meeting it with resilience worthy of everyone’s appreciation. Gen-Z values experience over product, demands more transparency and expects an ethical approach to different aspects of life. Leading

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Banking

Banking on a ‘silver tsunami’ of baby boomer homes to hit the market?

Local News You’ll be waiting a while. Empty nesters aren’t flying the coop anytime soon. Ally Rzesa / Globe Staff / Adobe stock Baby boomers own a significant chunk of the housing stock in Massachusetts. Don’t count on that changing to solve the housing shortages anytime soon. Baby boomers — those from age 58 to

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Banking

Govt banking on Danantara to help expand Garuda’s fleet – Companies

eputy Industry Minister Faisol Riza has announced that Garuda Indonesia is set to order up to 100 aircraft this year from major manufacturers like Airbus and Boeing, referring to a statement made by President Prabowo Subianto during the launch of the country’s second sovereign wealth fund (SWF). “The President mentioned this during the launch of

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Banking

Moody’s upgrades banking outlook – Newspaper

KARACHI: Global rating agency Moody’s has upgraded Pakistan’s banking outlook to positive from stable on the back of improved financial performance. “We have changed our outlook on Pakistan’s banking system to positive from stable to reflect the banks’ resilient financial performance as well as improving macroeconomic conditions from very weak levels a year ago,” said

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Banking

GVSU and Consumers Credit Union give students hands-on banking experience

GRAND RAPIDS, Mich. — Grand Valley State University (GVSU) has partnered with Consumers Credit Union to offer students hands-on experience in the banking industry while still on campus. The collaboration allows GVSU students to work part time at a call center located in the Seidman Center, answering questions from credit union customers using TellerPlus ATMs.

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Banking

Moody’s expects stable outlook for banking sector this year

KUALA LUMPUR: The outlook for Malaysia’s banking system remains stable this year, supported by a steady economic performance and sound fundamentals, says Moody’s Ratings. The ratings agency said yesterday that economic growth will be driven by healthy domestic consumption and strong foreign direct investment (FDI). “We expect key credit metrics for Malaysian banks to be

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