May 7, 2025

Banking

Loans

Interest rates for loans, mortgages aren’t falling. See when they might

If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t

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Banking

Open banking a step closer to gaining scale, as ASB and POLi strike deal – is the Govt’s competition push working?

POLi processed 5.5 million transactions worth nearly $2 billion last year. Banks typically don’t like POLi getting people in the habit of sharing their bank details with third parties, fearing that making people comfortable doing so makes them more susceptible to being scammed. However, banks have been slow to allow financial technology companies to officially

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Banking

Voice-based banking for financial inclusion of low-literate Indians

India has an estimated 18 crore low-literate people who struggle to read and write even in their native languages. With smartphone penetration crossing 650 million and regional content consumption skyrocketing, banks, startups, and government organisations are racing to bridge this divide by leveraging voice-based technology and Artificial Intelligence (AI). Earlier, we would pay EMIs in

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Banking

ANZ to scrap internet banking passwords for one million ANZ Plus customers in Australia-first security move

One million Australians will soon be internet banking without a password. ANZ Bank is scrapping the security feature for ANZ Plus customers as it rolls out internet banking to them within months and replacing password protection with two other methods, the bank revealed on Thursday. ANZ Plus is already a totally digital banking service launched

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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

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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Loans

USDA loans support Montana’s new farmers and ranchers | Montana News

BOZEMAN, MT – If you’re a new farmer or rancher in Montana and struggling to get a loan, the U.S. Department of Agriculture Farm Service Agency has some options for you. They’re offering farm ownership and operating loans specifically for folks who can’t get commercial credit from banks. Lance Wasson, FSA Acting State Executive Director

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Banking

Banking regulators scrap crypto-warnings, encourage innovation

Trump’s crypto project says it sold $550M in tokens Donald Trump’s World Liberty Financial crypto project announced it raised $250 million in its second token sale, bringing total sales to $550 million. Cheddar U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was

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Banking

Lisa Berger and Ilaria Rawlins Open a New Type of Bank

The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a

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Banking

Santander Wins Canadian Banking License Amid Push Into Americas

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to

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