May 7, 2025

Banking

Banking

Backbase launches world’s first AI-powered Banking Platform, putting banks back in Growth Mode

Industry pioneer redefines what a banking platform is in the era of AI, and delivers both the technology and talent to drive remarkable growth Backbase CEO & Founder Jouk Pleiter Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that

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Banking

Banking Built on Trust and Values

The Daily Star (TDS): Could you provide an overview of the current savings situation at your bank? Md. Rafat Ullah Khan (MRUK): Al-Arafah Islami Bank has established a strong reputation for consistently mobilising deposits across a wide range of customer segments, reflecting not only financial strength but also deep-rooted public trust. This trust has been

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Banking

EASE Protocol Pioneers First ISO 20022 Implementation in Banking Smart Contracts

New Financial Messaging Standard Integration Enables Cross-Chain Automation SEATTLE, April 29, 2025 (GLOBE NEWSWIRE) — The EASE Protocol (easeprotocol.com), an innovative blockchain platform specializing in enterprise and government-grade solutions that focus on ease-of-use and mass adoption, today announced the successful implementation of ISO 20022 messaging standards directly into blockchain smart contracts, marking a significant advancement

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Banking

AI reshaping core modernisation, Government services, banking and telecom major beneficiaries, says Deloitte – ThePrint – ANIFeed

New Delhi [India], April 29 (ANI): Artificial Intelligence (AI) is reshaping core modernisation across India’s public and private sectors, with Government, Banking and Telecom leading the way, according to Deloitte’s Tech Trends – India Perspective report. The report said that AI is enabling more efficient data sharing and smoother user experiences in these sectors. Show

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Banking

PAObank Announces FY2024 Annual Results Achieves Record-Breaking Performance Amplifies Resources to Expand Retail Banking Services

Loan Assets Reach a Record High of HK$3.13 billion Customer Deposits Have Significant Growth of 74% Net Interest Income Surged 70% to over HK$130 million In 2024, PAObank achieved outstanding performance across key operational indicators, with net interest income increasing significantly by 70% year-on-year to over HK$130 million. Dedicated to empowering SMEs, PAObank remains committed

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Banking

South Korea’s Ruling Party Vows to Approve Spot Crypto ETFs, Scrap Key Banking Rule

In brief South Korea’s People Power Party has pledged to approve spot crypto ETFs and scrap South Korea’s “one exchange, one bank” rule if they win. The party’s crypto agenda includes corporate crypto trading, stablecoin regulation, and a new Virtual Asset Special Committee this year. The election outcome could decide the fate of reforms, with

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Banking

Infostealers Harvest Over 30,000 Australian Banking Credentials

The banking credentials of more than 30,000 Australians have been harvested by infostealers, according to Dvuln researchers. The pen-testing firm conducted an analysis of infostealer logs between 2021 and 2025, which identified the individual banking credentials for customers across four major Australian banks. For each of the banks, which Dvuln has not named, a steady

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Banking

Bank Holidays in May 2025: How many days will banking services not be available? Check out state-wise list

Bank Holidays in May, Upcoming Bank Holidays: The Reserve Bank of India (RBI) has declared several holidays for May 2025, including Maharashtra Din, Rabindranath Tagore Jayanti, and others. If you are planning any important activities, banking transactions, or other bank services, plan accordingly to avoid any inconvenience during these closure days. In May, banks across

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Banking

Cryptocurrency may be evolving into a shadow banking system

Determinants of moneyness in the credit theory of money. Credit: Review of International Political Economy (2025). DOI: 10.1080/09692290.2025.2476738 A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that the global cryptocurrency system has been undergoing significant transformations. The crypto system, which was originally intended as an alternative

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Banking

Four major banking groups post record Q1 earnings

ATMs of South Korea’s four major commercial banks are lined up on a street in Seoul on Sunday. (Yonhap) South Korea’s four largest banking groups reported record-high combined earnings in the first quarter, approaching 5 trillion won ($3.48 billion) despite a broader economic slowdown and declining interest rates. Shinhan Financial Group on Friday posted a

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