The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because
YUBA CITY, Calif., May 15, 2025 (GLOBE NEWSWIRE) — River Valley Community Bancorp (OTC Markets: RVCB) is pleased to announce the formation of an experienced banking team for its new Roseville branch. This group of skilled banking professionals adds to an existing experienced team, all of which are ready to deliver the kind of personalized,
By Mahesh Nayak The digital banking unit (DBU) initiative — banks’ attempt to connect with the unbanked and the underbanked population using their digital prowess — largely remains on paper three years since its launch, with banks adding just 25 units to the initial 75. Several bank officials FE spoke to remained sceptical about the
Artificial intelligence, or AI, is well beyond the stuff of science fiction. It is now well established in the public consciousness, rapidly making inroads into nearly every sector and business organization. Recognizing one industry ripe for growth, VASS Intelygenz is offering the financial services sector a new opportunity to enhance profitability through AI-driven machine learning.
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
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
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
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
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
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