July 8, 2025

Banking

Banking

Bank Islam to decommission GO banking app, BankIslam.biz website from June 28

KUALA LUMPUR: Bank Islam Malaysia Bhd will retire its legacy mobile banking app, GO, and Internet banking platform www.bankislam.biz effective June 28, 2025. The bank said in a statement today that since the November 2024 launch of the new and enhanced BIMB Mobile banking app and BIMB Web (web.bimb.com), over 90 per cent of the existing user

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Banking

Banking on a Greener Future

Sohail R K Hussain, Managing Director, Bank Asia Bank Asia also expresses its full solidarity with this year’s theme: #BeatPlasticPollution. On this special day, let us take an oath to eliminate plastic use and focus on practical solutions to combat plastic pollution—to save Mother Nature, and in doing so, protect ourselves and future generations. For

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Banking

Banking groups urge SEC to rescind Biden-era cybersecurity rule

Dive Brief: A coalition of banking industry groups has asked the Securities and Exchange Commission to rescind a controversial Biden-era cybersecurity breach notification rule. At issue is the SEC’s rule mandating that public companies disclose “material” breaches within four days of a materiality determination. The requirement has exposed organizations to potential liability risks and other

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Banking

Frontier Credit Union Selects Lumin Digital to Elevate Digital Banking Experience

SAN RAMON, Calif., June 3, 2025 /PRNewswire/ — Frontier Credit Union, located in Idaho Falls, ID, today announced it has selected leading cloud-native digital banking provider, Lumin Digital, as its new digital banking solution. This partnership enables Frontier to enhance its digital experience and deliver innovative, secure, and member-centric financial services. Lumin Digital (PRNewsfoto/Lumin Digital)

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Banking

India’s banking sector stays strong as Moody’s sees NPLs steady at 2–3% despite global headwinds

Despite global economic uncertainties driven by trade tensions, Moody’s noted that India’s domestic economic momentum will continue to support growth, helping banks preserve asset quality. “We expect the system-wide non-performing loan (NPL) ratio to remain at 2%–3% in the next 12 months, compared to 2.5% at the end of December 2024,” the ratings agency said

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Banking

Crocodilus Android Trojan Adds Crypto Wallet Heist Tools in Global Expansion

Android banking trojan Crocodilus has launched new campaigns targeting crypto users and banking customers across Europe and South America. First detected in March 2025, early Crocodilus samples were largely limited to Turkey, where the malware posed as online casino apps or spoofed bank apps to steal login credentials. However, recent campaigns show the Trojan expanding

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Banking

Hitachi Vantara Supports DestekBank’s Digital Banking Expansion with Scalable, High-Performance Infrastructure

Hitachi Virtual Storage Platform One Block delivers performance, uptime and efficiency to drive DestekBank’s retail banking growth and digital transformation ISTANBUL and SANTA CLARA, Calif., June 3, 2025 /PRNewswire/ — Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi, Ltd. (TSE: 6501), today announced that DestekBank has deployed its Virtual Storage

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Banking

Keir Starmer is banking on Nigel Farage being toxic. What if he’s wrong? – POLITICO

Back then, voters stuck two fingers up at the establishment and backed Farage’s Brexit project instead. There’s nothing to say they won’t do the same again. “That strategy is wishful thinking and a comfort blanket,” said one ally of Farage of Labour’s new offensive. “The British public would rather vote for something positive than against

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Banking

Altimetrik Named a Major Contender in Everest Group’s Banking and Financial Services IT Services Specialists PEAK Matrix® Assessment

Recognition underscores Altimetrik’s digital business approach in the banking and financial services sector DETROIT, June 03, 2025–(BUSINESS WIRE)–Altimetrik, a pure-play digital business company, has been recognized as a “Major Contender” in Everest Group’s inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025. Altimetrik’s Digital Business Methodology (DBM) and AI-first solutions have

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Banking

The Convergence of Fintech and Banking: The Gap Between UX and Functionality Is Closing: By Alex Kreger

In the past decade, the financial landscape witnessed a dramatic transformation driven by two distinct forces: fintech startups and traditional banks. Initially, fintechs emerged as UX-rich but often monofunctional challengers, while banks remained service-rich but struggled with digital customer experience. Today, however, these lines are blurring — fintechs are expanding into full-scale banks, and traditional

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