July 4, 2025

Banking

Banking

Singaporean daughter of Malaysian banking tycoon buys Tanglin Hill GCB for record S$93.9 million

Diona Teh Li Shian, the Singaporean daughter of late Malaysian banking magnate Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in the prestigious Tanglin Hill area for S$93.9 million. The transaction sets a new record for GCB land sales in Singapore, with the purchase price translating to S$6,197 per square foot. According to

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Banking

Joe Yurosek becomes City National’s Commercial Banking President

City National Bank has announced the appointment of Joe Yurosek as president of Commercial Banking. He brings more than 30 years of financial services industry experience and a solid track record of delivering results. Yurosek will be based in Los Angeles. In his new role, Yurosek will lead the line of business that drives commercial

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Banking

Over half of FSPO complaints in 2024 about banking

Just over half (3,404) of the 6,185 complaints made to the Financial Services and Pensions Ombudsman (FSPO) last year were about banking, with customer service and disputed transactions the main reasons for such complaints. Despite this, the 2024 FSPO Complaints Overview says the number of banking complaints was down by 12% on the previous year.

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Banking

Blue Federal Credit Union Partners with Lumin to Launch Blue Business Banking

A digital banking solution designed to empower businesses with seamless financial management tools Cheyenne, Wyoming, March 25, 2025 (GLOBE NEWSWIRE) — Blue Federal Credit Union is excited to announce a groundbreaking partnership with Lumin to introduce Blue Business Banking, a digital banking solution designed to empower businesses with seamless financial management tools. Blue Business Banking

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Banking

Infosys: Banking Sector Lacks Unified AI Strategy

Phil Fersht, Chief Executive Officer and Chief Analyst at HFS Research, said: “The path to being AI-First is paved with various challenges. While many foundational needs are being addressed in the current funding and investment cycle, BFS leaders must also consider AI governance and AI talent to enable true scale. AI governance needs to be

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Banking

A Vision For The Future Of Customer-Centric Branch Banking

Octavio Marquez is president and CEO of Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop. getty From the “Golden Age” of bank branches—with marble floors, ornate vaults and velvet ropes organizing the customer queue—to the modern age of drive-up lanes with self-service ATMs, and now to today’s environment

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Banking

Consumers Credit Union Selects Spiral to Empower Personalized Savings and Community Giving Through Everyday Banking

Consumers Credit Union chooses Spiral to empower its members to effortlessly grow their savings and support local nonprofits through everyday purchases. NEW YORK, March 25, 2025–(BUSINESS WIRE)–Spiral, the award-winning personalized banking platform, today announced a partnership with Consumers Credit Union, a leading Michigan-based credit union renowned for its community support and charitable giving. This partnership

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Banking

Cambodia’s Banking Evolution: Trust and Innovation at the Forefront

PHNOM PENH, Cambodia, March 25, 2025 /PRNewswire/ — In a rapidly changing financial landscape, Cambodia’s banking sector is emerging as a beacon of trust and innovation. Through significant advancements in digital banking, stringent cybersecurity measures, and transparent regulatory frameworks, the nation is positioning itself as a leader in ethical banking practices. A user making a

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Banking

AI-powered banking scams are on the rise in SA

Sabric has warned consumers of the rise in AI-powered banking scams after one South African was scammed out of R6 million.  ronniechua / iStock Imagine getting a WhatsApp message from your bank. The logo is spot-on, the language is professional, and the person on the other end sounds exactly like a real bank employee. They

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