May 11, 2025

Banking

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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Banking

Mass Banking Outage Sparks Doubts on EU’s Planned Digital Euro: Report

Vocal opposition to the European Central Bank’s (ECB) digital euro project reportedly swelled after the institution’s payment system crashed last month. TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours. Now, some members of the European Parliament, a legislative body of the

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Banking

Enhancing Revenue Streams, Customer Experience And Operating Efficiencies

Sailesh Sewpaul is the founder and executive chairman of PEX Ltd. Cybersecurity cybercrime internet scam, online business secure payment, Cyber security platform VPN computer protection data hacking malware virus attack defense, online network IoT digital technology getty The use of artificial intelligence in the banking and financial services sector isn’t novel; it’s been occurring for

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