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
March 25 (Reuters) – Australian shares rose on Tuesday, aided by a rise in banking and real estate stocks ahead of the government’s general budget announcement later in the day, while markets also await local inflation print for February on Wednesday. The S&P/ASX 200 index advanced 0.6% to 7,981.7 points by 2337 GMT. The benchmark
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. If you haven’t yet read that story of how senior US officials, including the
If there’s one thing banking professionals need more of, it’s time. Repetitive, time-consuming manual tasks are becoming more cumbersome for tax teams as data volume and complexity continues to grow. Read this eBook to learn how automation transforms five critical tax processes, enabling faster reporting, clearer audit trails, and improved compliance. Plus, discover the impact
Mon Mar 24, 2025 08:57 PM Last update on: Mon Mar 24, 2025 08:55 PM Star Business Desk Mon Mar 24, 2025 08:57 PM Last update on: Mon Mar 24, 2025 08:55 PM Sha Shi Jun, managing director of Oscar Bangla Company Limited, and Md Nazeem A Choudhury, deputy managing director of Prime Bank, pose
Merely two years ago, over seven weeks during the spring of 2023, the entire financial system nearly came crashing down when the United States experienced the second-, third- and fourth-largest commercial bank failures in its history. Between March 8, 2023, and May 1, 2023, Silicon Valley Bank (SIVBQ) ($209 billion in assets), Signature Bank (SBNY)
Kotak Mahindra Bank was the second biggest gainer, rising by 4.51per cent after the private lender announced the appointment of a chief technology officer. State Bank of India, Tech Mahindra, Power Grid, Bajaj Finserv, Axis Bank, HCL Tech, Reliance Industries and Bajaj Finance were among the gainers. Titan fell the most by 2.68 per cent
Indian equities amid broad-based buying as well as broader markets zoomed substantially, extending their winning run to the sixth straight day. At the close, Nifty ended above 23,650 at 23,658.35, up 1.32 per cent or 308 points, while the 30-share Sensex zoomed 1.4 per cent or 1,078.87 at 77,984.38. FII buying has been the prime catalyst
Artificial Intelligence (AI) is transforming the way the global banking industry functions. AI is already making banking smarter, faster, and more efficient with applications in fraud detection, customer experience and regulatory compliance. However, the future is even more promising. We have only scratched the surface of what AI can offer, and the global ‘AI in
3 By Alenka Grealish, Principal Analyst, Celent In a mere two years, generative artificial intelligence (GenAI) has gone from moonshot to reality. Frontrunners are already pursuing use cases across the banking value chain, ranging from marketing, sales and customer engagement to risk, IT (information technology) and operations. Given its strong potential,