Chairman Prof. Narada Fernando Chief Executive Officer Clive Fonseka People’s Bank, one of Sri Lanka’s largest state-owned commercial banks, marks 64 years in operation today, affirming its role in expanding formal banking access and advancing financial inclusion. Over the decades, the bank has adapted to the shifting market dynamics and policy priorities, with the recent
In the global conversation about artificial intelligence, Silicon Valley often takes centre stage. However, a quiet but powerful revolution is unfolding in Asia’s financial sector, where regional banks are leading the charge by tailoring AI to the unique needs of their communities. This hyper-local approach is not only enhancing customer engagement and satisfaction, but also
Artificial intelligence is no longer a futuristic buzzword—it’s a present-day battleground for competitive advantage in banking. Across the globe, countries are embracing AI at vastly different speeds, with Asia and the Middle East taking the lead in enterprise adoption, while the U.S. and UK scale up their generative AI pilots. From virtual assistants to risk
California is in the process of passing several bills designed to further its crypto regulation and acceptance within the state. The Golden State is aiming to establish itself as the most crypto-advanced state in the country by enabling government agencies to accept cryptocurrency payments, while also passing a law that would enable it to seize
ASHBURN, Va., June 24, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, and Thought Machine, a leading provider of cloud-native banking technology, today announced a joint solution to accelerate digital transformation for small and midsize banks. The collaboration combines DXC’s deep industry expertise and full-service management with Thought
PETALING JAYA: Amid macroeconomic uncertainties, the earnings outlook for the banking sector remains resilient this year. TA Research, in a report, said the domestic banking sector’s earnings are constructive. The sector’s earnings are projected to expand by 4.6% to RM37.3bil, underpinned by sound fundamentals and continued operational resilience, it noted. The research house said loan
In April, the government issued a decree regulating the controlled pilot mechanism in the banking sector. The move comes as fintech development trends are set to intensify. Hoang Viet Tien, deputy secretary general, Vietnam Digital Communication Association It is expected to be an important step in shaping a suitable legal framework for the development of
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Malaysian banks will start imposing an 8% service tax on certain financial services starting 1 July 2025, under the new expanded sales and service tax (SST) This rollout will be carried out in phases, in accordance with official guidelines from the Royal Malaysian Customs Department,
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And the government of Prime Minister Mark Carney did not table a spring budget, which it normally would use to outline its legislative priorities. Natacha Boudrias, leader of the National Bank of Canada’s open banking strategy, said the industry lacks “clarity” on the future shape of consumer-driven banking. She said the spring election likely stalled